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The MAGA price plunged 39% in the last 24 hours to trade at $6.90 as of 04:05 a.m. EST on trading volume that skyrocketed 1,434% to $60 million.
This comes amid rumors that Donald Trump is behind an “official” Trump token on Solana. According to Pirate Wires on X, Trump is launching an official token named TrumpCoin under the ticker DJT.
Pirate Wires also claimed that Trump’s 18-year-old son, Barron, was spearheading the token.
Per conversations, Trump is launching an official token — $DJT on Solana. Barron spearheading.
— Pirate Wires (@PirateWires) June 17, 2024
The rumors of Trump’s involvement with DJT remain unconfirmed. Still, PolitiFi tokens plunged more than 30% in the last 24 hours, with the price of MAGA dropping below the falling wedge pattern.
MAGA Price On A Bearish Trend, Dropping Below The Falling Wedge Pattern
The MAGA price has been on a downtrend after hitting its all-time high (ATH) price of $17.51 on June 1, dropping within a falling wedge pattern. However, the token, in the last 24 hours, negated the general bullish sentiment, dropping below the wedge and breaching the $10.93 support, as data from GeckoTerminal shows.
The recent price retrace has led to the price of MAGA falling below both the 50-day and 200-day Simple Moving Averages (SMAs), which now act as the immediate resistance levels at $12.00 and $11.64, respectively.
Moreover, the Relative Strength Index (RSI) has dropped below the 30-oversold level to trade at 26, which is a sign of intense selling pressure from the bears.
MAGA Price To Soar Towards The Falling Wedge Pattern
The MAGA Price analysis indicates that TRUMP is currently on a bearish trend, as the token breached the lower boundary of the falling wedge pattern. If the bears exert more pressure at this level, the token may drop further down to the next support level at $6.07.
However, with the token being oversold, the bulls may take this as a chance to stage a buyback campaign. In such a scenario, the TRUMP price may soar to the immediate resistance zone around $11.64 and $12.00.
As the price of MAGA gears up for a possible trend reversal, some investors are hedging their bets by diversifying into Mega Dice (DICE), a GameFi project that will be the first GambleFi platform on the Solana blockchain.
99Bitcoins, a prominent crypto channel on YouTube boasting that boasts over 700,000 subscribers, says $DICE has the potential to soar 100X after its launch.
Mega Dice Presale Blasts Past $1.5 Million – Next 100X Crypto?
Mega Dice (DICE) is a GameFi cryptocurrency project that operates on the Solana network. The project has recently attracted attention by raising over $1.5 million in its presale.
$DICE presale has raised $1.4 Million 🚀
Current tier price: 0.075 💰
Current presale target: $2M 💰We're implementing multiple tiered price increases, so make sure to secure your #DICE early! Don't forget, you can now utilize your $DICE directly in our Web and Telegram… pic.twitter.com/VAsI6u27aD
— Mega Dice Casino (@megadice) June 7, 2024
Mega Dice boasts over 11,000 active players monthly and exceeds $50 million in monthly wagers. Users on the platform can also enjoy over 4,000 casino games and over 50 sports and esports betting options.
The team has a $2.25 million airdrop giveaway underway that gives holders the chance of winning a maximum of $37,500 each. If you are interested in grabbing this opportunity, all you need to do is wager $5,000 or more between now and June 28 to have an opportunity to grab a portion of the $750,000 season two giveaway.
The $DICE Season 2 Airdrop is STILL LIVE – Earn Your Share of a $750,000 AIRDROP! 🚨💰
Want a piece of the action? Just wager $5000 or more between May 15 and 28 June, 2024, and you could claim your share of the $750,000 airdrop! 😍 With a maximum airdrop of $37,500 per player,… pic.twitter.com/YiFxEUucRx
— Mega Dice Casino (@megadice) May 31, 2024
To join the presale, buy $DICE on the official website here for $0.075 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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