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The MAGA Hat price has soared 127% in the past month and 9% in the last 24 hours to trade at $0.0001467 as of 3:10 a.m. on a 12% drop in trading volume to $12.8 million.
MAGA Hat Price Rebounds From A Consolidation Support
The MAGA/USD chart on the 4-hour timeframe displays a price currently sitting at $0.0001471. The 50-period simple moving average (SMA50) is positioned at $0.00015789, acting as a resistance level.
The 200-period moving average (SMA200) at $0.00012011 provides strong long-term support. The price is currently consolidating around the $0.0001471 range, following a bullish run that occurred earlier, marked by an upward trend (bullish channel).
MAGAUSD Analysis Source: Dextools.io
The MAGA Hat price action also reveals a consolidation phase following the breakout from the bullish channel, with price support at approximately $0.0001400.
This zone has been tested several times, showing its importance in maintaining upward momentum. moreover, if the price holds this level, the next potential upward target could be around $0.0002200, as marked on the chart, provided a breakout from the consolidation occurs.
MAGA Hat Price Technicals Signals A Uptrend Ahead
The MACD indicator shows a bearish divergence, with the MACD line below the signal line, indicating potential downward pressure or sideways movement in the short term.
However, the MACD histogram shows minimal bearish momentum, suggesting that a reversal to bullish territory is possible if the price breaks above $0.00015789 (SMA50).
Additionally, the RSI (Relative Strength Index) is currently at 44.20, which is in the neutral zone but leaning toward oversold conditions. This level indicates that the MAGA Hata price still has room to move upward without hitting overbought levels, but it could also drop further to test lower support levels.
The consolidation phase is key, with a critical resistance level at $0.00015789 and immediate support around $0.0001400. A successful breakout above $0.00015789 could lead to a push toward the target price of $0.0002200, while a drop below the consolidation support may see the price revisiting the $0.00012011 level (SMA200) for stronger support.
FreeDum Fighters: A Playful Take on Politics With 1,794% APY
As the MAGA Hat price hints at a potential bullish rally, investors are also rushing to buy the newly launched meme coin presale FreeDum Fighters (DUM), a project that brings a playful spin to the upcoming US presidential election while offering a dazzling annual staking return of 1,794% APY.
FreeDum Fighters is a new crypto initiative that mixes humor, politics, and gamification with a satirical take on next month’s US presidential election. It’s already raised over $245k.
The project introduces a unique narrative in which mechanized election candidates Kamacop and Magatron face off in a battle for supremacy. It fosters a spirit of patriotism and defiance.
According to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM has the potential to surge 10X when it launches.
Earn Rewards By Staking $DUM
During the presale, investors are asked to vote by staking their $DUM tokens in support of one of the candidates. MAGATRON, the fiercely patriotic contender, currently offers a huge annual staking yield of 463%, while Kamacop 9000, the feminist challenger, provides a sky-high annual yield of 1,794%.
This shows that 75% of token holders are siding with and staking on MAGATRON, despite the higher yields on offer for Kamacop.
FreeDum Fighters is simple.
MAGATRON 🆚 Kamacop 9000
1⃣ You buy $DUM
2⃣ You choose your candidate
3⃣ Vote for your candidate by staking $DUM
4⃣ Wait for debates to begin pic.twitter.com/hK2O0pnLAf— FreeDum Fighters (@Freedum_Fighter) October 22, 2024
If their chosen candidate wins a debate or significant favorable events arise, they will receive airdropped rewards added to their staked balance. Only those who have voted (staked) will qualify for these rewards.
DUM tokens will be accessible on various blockchain platforms, including Ethereum (ETH), Binance Smart Chain (BSC), Base, and Solana (SOL).
To join the presale, buy $DUM tokens for $0.00005 using ETH, BNB, USDT, USDC, or SOL. Buy now before a price hike in a little more than a day.
Buy DUM tokens on the official website here.
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