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The MAGA price surged 13% in the last 24 hours to trade at $4.67 as of 00:31 a.m. EST even as trading volume tumbled 7% to $12.7 million.
MAGA Price Indicators Support A Continued Bullish Rally
According to data from GeckoTerminal, the MAGA price has been trending upward since late September, transitioning from a period of consolidation within the $3 range.
The chart shows a bullish flag or pennant pattern (consolidation after a strong move up). These are generally continuation patterns, meaning a breakout to the upside is often expected after such a formation.
TRUMP now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a confirmation of the uptrend.
The Relative Strength Index (RSI) stands at 58.28, which is in neutral territory but leaning towards bullish. It suggests there’s still room for the price to move higher before reaching overbought levels.
This level indicates that the market isn’t overextended yet and could support a further rally if the price breaks out of the pennant. If the bullish rally continues, the price of MAGA could soar to the projected 25% increase, targeting the $6.0 resistance.
Conversely, if the bears take control of the price, TRUMP could plunge slightly to the support around $3.0, which now acts as a strong cushion against downward pressure.
Meanwhile, investors are rushing to buy a new meme coin casino project called Memebet Casino (MEMEBET Token) as it closes on $500K in funds raised in its presale.
YouTube channel Cryptonews, with over 10k subscribers, says that $MEMEBET Token could see a 100x pump after launch.
Memebet Casino Heads For $500K – Next Crypto To Explode?
The Memebet Token, which has already raised more than $433k, powers a new betting platform that provides an industry-first opportunity for punters to make wagers with meme coins like Dogecoin and Pepe.
Not the casino we deserve but the casino we need 🎰 #MemeBet #Presale & #Airdrop coming soon! 🚀 #Memecoins, #Crypto gaming and more! 🎮🏆 $COIN $DOG $PEPE #SOL #RNDR pic.twitter.com/oR2xja6JFK
— MemeBet (@Memebetcasino) May 23, 2024
The platform, which operates primarily via Telegram, also incorporates an innovative play-to-earn initiative that rewards Memebet Casino users who wager their tokens. About 20% of the token supply is dedicated to this.
Early adopters can also benefit from an airdrop campaign by purchasing tokens during the presale and using them once the casino is live.
To join the presale, you can buy $MEMEBET Token on the official website here for $0.0257 using USDT, ETH, or a bank card. With a price hike coming in less than 2 hours, buy soon to lock in the best deal.
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