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The MAGA price plunged 9% in the last 24 hours to trade at $1.97 as of 00:40 a.m. EST on trading volume that soared 57% to $5.4 million.
This comes after Donald Trump helped officially unveil World Liberty Financial (WLFI), his family’s highly-anticipated cryptocurrency project, on Monday night.
MAGA Price Bearish – A Rebound Incoming?
According to GeckoTerminal data, the MAGA price has been on a downtrend, dropping from the $3.52 resistance within the falling channel pattern, according to data from GeckoTerminal.
However, the price of MAGA may have found some support around $1.84, as the price now hurtles towards the upper boundary of the falling channel.
TRUMP now trades below both the 50-day and 200-day Simple Moving Averages (SMAs) coinciding with the price trading within the falling channel.
Moreover, the Relative Strength Index (RSI) is trading downwards towards the oversold region, currently at 33, which shows that the asset is under intense selling pressure and is now undervalued.
If the selling continues, the price of MAGA may drop further below the lower boundary of the falling channel, with $1.5 providing formidable support for the token.
However, the TRUMP bulls may use this as a buying signal with the asset now in the undervalued territory. If they succeed in turning the market into a buying spree, the price of MAGA may rebound, targeting a price around the 200-day SMA at $3.04.
As the TRUMP price slides, investors might consider diversifying their portfolios with Solana GambleFi project Mega Dice (DICE), which has raised more than $1.8 million in its presale and now has only about 12 days left.
According to 99Bitcoins, a popular crypto channel on YouTube with more than 706k subscribers, Mega Dice (DICE) has the potential to soar 100X after its launch.
GameFi Sensation Mega Dice Closes On $2 Million
Mega Dice is shaking up the crypto gaming landscape, having recently hit the $1.86 million mark in its presale.
The project stands out as a top brand in the crypto casino domain, boasting over 10,000 active players monthly and exceeding $50 million in monthly wagering. Players also enjoy over 4,000 casino games and 50 sports and eSports betting options.
As the project operates as a leading platform on Solana, DICE seamlessly merges GambleFi and GameFi and looks to challenge crypto casino titan Rollbit Coin.
The project also has seamless integration with the popular TON Wallet on Telegram.
Mega Dice casino now supports the best Telegram wallet! #TON💳
Easily use your TON by choosing it as your deposit method and connecting your wallet in just a few steps. Start playing and winning today! 🔥
Join now👇https://t.co/FjIFjfAnCY pic.twitter.com/hlqt50vBUF
— Mega Dice Casino (@megadice) August 7, 2024
Token holders also stand to share in the casino’s profits daily through its unique staking system.
To join the presale, buy $DICE on the official website here for $0.116056 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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