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The HarryPotterObamaSonic10Inu price is 307% in the green on the monthly time frame following a 22% 24-hour surge to trade at $0.3254 as of 7:05 a.m. EST as investors rush to buy the meme coin.
During the last trading day, the meme coin rose from an intraday low of $0.243 to a peak of $0.3269. It has since retraced slightly, but still trades closer to its 24-hour high.
The HarryPotterObamaSonic10Inu Price Breaks Above Resistance
4-hour chart for BITCOIN/USD (Source: TradingView)
The HarryPotterObamaSonic10Inu price was able to break out of a descending price channel that formed on its 4-hour chart. As a result, the meme coin printed a medium-term higher low. This has led to the formation of a bullish trend line.
In the last few hours, the HarryPotterObamaSonic10Inu price has also broken above the major resistance level at $0.30240255. Should BITCOIN establish a position above this threshold, it might continue to climb in the coming 24 hours.
On the other hand, the HarryPotterObamaSonic10Inu price dropping below $0.30240255 within the next 8 hours could invalidate the bullish thesis. In this alternative case, the meme coin might stand the risk of dropping to the $0.24144915 support.
The $0.24144915 support will be a key level to watch, because it also coincides with the aforementioned ascending trend line. Therefore, a break below this technical safety net might lead to the HarryPotterObamaSonic10Inu price plunging all the way down to $0.19041840 if bears decide to keep exerting pressure on the crypto’s price.
Technicals Point To A Continued Increase For The HarryPotterObamaSonic10Inu Price
From a technical standpoint, indicators on BITCOIN’s 4-hour chart suggest the meme coin’s price might continue to rise in the coming 24 hours. Major bullish technical flags were triggered by both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators in the last 24 hours.
BITCOIN seems to have entered into a short-term positive trend during the last trading day, as suggested by the MACD line’s cross above the MACD Signal line. The gap between these two technical indicators is also growing, which could be seen as a sign that bullish momentum for the HarryPotterObamaSonic10Inu price is picking up steam.
Meanwhile, the RSI broke above its Simple Moving Average (SMA) line in the last 24 hours. Traders usually see this technical event as a signal that bulls have gained control of a crypto’s price. The current RSI reading in the high 50s also suggests that there is still room for the HarryPotterObamaSonic10Inu price to climb before it enters overbought territory.
While indicators suggest BITCOIN might keep climbing, investors are flocking to a new political meme coin by the name of FreeDum Fighters (DUM) ahead of the US presidential election.
Crypto Investors Get To Take Part In A More Satirical Presidential Election
As the US election nears, the crypto community is eager to see whether pro-crypto candidate Donald Trump or Democratic candidate Kamala Harris will take the White House. As anxiety rises, FreeDum Fighters (DUM) gives investors the opportunity to offload some steam through political satire while also earning passive staking rewards in the process.
At the heart of the project is a unique staking pool that will reward participants based on which political candidate they back. Investors can then accumulate points through this pool as the project’s poles fluctuate, which will then be redeemable in the token’s upcoming airdrop.
🚨 PATRIOTS NEEDED 🚨
Ready to pick sides in the showdown of the century—MAGATRON vs. Kamacop 9000? 🤖
Here’s your mission:
🇺🇸 Follow @Freedum_Fighter, like & comment our pinned tweet.
🇺🇸 Post a tweet which side you choose Magatron or Kamacop, tag friends that you think will… pic.twitter.com/zJ5z7w837J— FreeDum Fighters (@Freedum_Fighter) October 17, 2024
In addition to the satire the project brings to the serious political race, FreeDum Fighters also serves as another way for investors to gauge which candidate could win the election other than decentralized betting platforms such as PolyMarket and Kalshi.
Investors Take A Bet On DUM’s Future
FreeDum fighters has already raised over $100K through its ICO, as investors bet big on the project’s future. FreeDum Fighters’ polls also reflect the polls seen on other platforms, with former US President Trump having a lead over Harris. According to the project’s website, investors see an 85% chance of a Trump victory, as opposed to the 15% odds for Harris.
Anyone can cast their vote through the project’s website. By doing so, investors can also unlock the 859% APY on offer as well.
Ready for this year's elections?
Get involved early by joining the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Cast your vote by participating in the $DUM presale and using their stake-to-vote system 🗳️
Be sure to follow this project, you will not regret it.🔥🔥 pic.twitter.com/j452Rht1Lq
— Red (@Redlion35) October 17, 2024
To get in on these rewards, investors will need to purchase DUM through the buy widget on its website. The meme coin is selling for $0.00005 per token, and can be bought with either ETH, USDT, BNB, BASE, SOL or USDC.
With every purchase, investors have the option to choose to automatically stake their tokens. This means that newly-bought tokens will be put to work immediately.
Purchase and stake DUM here for up to 859% in annual rewards.
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