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The MAGA price has pumped 32% in the last 24 hours to trade at $4.38 as of 8:15 a.m. EST on a 154% surge in trading volume to $13 million.
MAGA Price Rebounds On A Strong Support Zone: Can The Bulls Sustain The Momentum?
The TRUMP/USDT pair on the 4-hour timeframe presents a bullish outlook. A key highlight is the recent golden cross, where the 50-period moving average (MA) crossed above the 200-period MA, indicating the onset of upward momentum.
This crossover aligns with the price bouncing off a strong support zone between $3.2 and $3.5, suggesting that this zone has provided a solid base for the current uptrend.
Additionally, a parabolic curve is forming, pointing to the possibility of accelerated price growth.
TRUMPUSD Analysis Source: Dextools.io
Currently, the price is hovering around $4.41, with the next resistance level near the $5.00 mark. The MACD also supports the bullish sentiment, as the MACD line is above the signal line, accompanied by a positive histogram.
However, the RSI is currently around 70.34, indicating that the asset is entering overbought territory. While this shows strong buying pressure for the MAGA price, it also suggests that traders should be cautious of potential short-term pullbacks or consolidations.
If the parabolic movement holds and the price continues to rally, we could see it testing higher resistance levels. Conversely, if there’s a correction, the identified support zone is around $3.2-$3.5, and the 50-period SMA may provide a safety net for the price.
FreeDum Fighters
As MAGA price traders anticipate a further bullish surge, investors are rushing to buy the new political meme coin FreeDum Fighters ($DUM), which has blasted past $325k in early presale funding.
Analyst and YouTuber ClayBro, with over 130k subscribers, says that DUM can potentially surge 25x after it launches.
FreeDum Fighters takes a humorous approach to the upcoming US presidential election, mixing comedy, politics, and a bit of game-like action.
The story revolves around two over-the-top robotic rivals: MAGATRON and Kamacop 9000.
When investor buy the token, they will be asked to vote (stake) for one or other of those rivals candidates. Those who vote for the patriotic MAGATRON can earn a huge 326% annual staking return.
But those backing Kamacop 9000, the ultimate feminist icon, are in for an eye-popping 1,373% annual yield.
We LOVE a little banter like this.
MAGATRON and Kamacop deal with things a little more… physically https://t.co/dXDHI6xsMS
— FreeDum Fighters (@Freedum_Fighter) October 23, 2024
The entire FreeDum Fighters ecosystem runs on $DUM. With $DUM, you can vote for your chosen candidate, earn rewards, and dive into all the excitement the project offers.
If your candidate wins a debate or gains public support, you’ll receive extra rewards directly into your staked balance. However, remember that only stakers (voters) qualify for these rewards.
If interested, you can purchase $DUM tokens for $0.00006 each on the official website using ETH, BNB, USDT, USDC, or SOL.
With a price increase set to happen in less than 4 days, don’t wait too long to lock in the best deal.
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