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The MAGA Price has soared by 17% in the last 24 hours to trade at $0.0002702 as of 5:50 p.m. EST on a 6% surge in trading volume to $65 million.
MAGA Price Bulls Tease Massive Breakout Move
After an early bull run that saw MAGA’s price surge by over 1,300%, the momentum eventually slowed down. During the pullback phase, the price dropped sharply, falling by 60%, according to data from GeckoTerminal.
MAGA price shows a rebound after dropping from its all-time high of $0.0007379 to retest the bearish trendline. The bulls have established a strong support zone at $0.00005653, allowing them to regroup and spark a rally.
This has formed a double-bottom pattern, leading to a bullish reversal. The rally has created upward momentum, pushing the price toward the resistance level.
MAGAUSDT Analysis (Source: Dextools.io)
The bulls have pushed the price above the 50-day Simple Moving Average (SMA) and are now aiming for the 200-day SMA, which aligns with the bearish trendline. Breaking above the 200-day SMA could trigger further upward movement for MAGA, confirming the overall positive trend if the price continues to gain momentum.
Although the Relative Strength Index (RSI) recently dipped to 67, it shows a gradual reversal uptrend from the 50 midline zone, maintaining bullishness at 67, close to the overbought zone. With continued momentum, the RSI could soon enter overbought territory.
MAGA Price Bulls Target News Highs Above Resistance
MAGA price bulls are ready to push the price higher, targeting a new peak above its all-time high. If they maintain their momentum, they could drive the price back to $0.0001818 in the coming weeks.
However, the price could tumble at the current resistance level, indicating a bearish reversal. If this happens, bears might take control and push the price down, possibly forcing the bulls to fall back to the support zone at $0.0001686.
Blending Meme Coins With AI
Meanwhile, dog-themed meme coin WienerAI (WAI) is gaining momentum as its presale blasts past $6.2 million in funds raised so far in its presale.
We've just raised $6M 🌭🚀
Thank you to our incredible community! Get ready for more exciting adventures with this little Wiener 💥🐾 pic.twitter.com/O6AdG6xrhE
— WienerAI (@WienerDogAI) June 18, 2024
WienerAI offers a compelling story, combining the viral appeal of meme coins with one of the hottest new niches in crypto: AI. This unique blend sets it apart from most other meme coins and has been a key factor in its early success.
WienerAI aims to help users become better traders with its AI-powered trading bot. This bot can answer questions and search the market for the best opportunities. Ask WienerAI for your next trade idea, and it will provide a market analysis to boost your chances of success.
Unleashing WienerAI! 🌭🤖
Bridging meme fun with AI utility. Join the Wiener revolution! 🚀💰 pic.twitter.com/x6lTupo90N
— WienerAI (@WienerDogAI) June 22, 2024
While the concept of an AI-powered trading companion might seem complex, WienerAI makes it accessible for traders of all experience levels.
Another appealing aspect of the token is its staking function, which offers investors an annual yield of 183%.
With innovative AI-driven trading features and attractive staking rewards, it’s clear why WienerAI is drawing so much attention.
More than just a bot–WienerAI is your ultimate crypto trading companion.
We're delighted to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
YouTuber Cilinix Crypto is so impressed by SEAL that he gives it the highest possible recommendation by saying he’s invested in it himself.
Currently, WienerAI tokens are priced at $0.000721 each. But hurry if you want to buy them because a price increase is planned in less than 35 hours.
Buy WAI here using ETH, BNB, USDT, or a bank card.
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