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The Kamala Horris price soared 78% in the last 24 hours to trade at $0.01811 as of 03:38 a.m. EST on trading volume that skyrocketed 1,565% to $19.7 million.
This comes after President Joe Biden’s decision to drop out of the US presidential race, and to endorse Vice President Kamala Harris as the democratic candidate.
In the last day, markets have responded with a knee-jerk reaction to the prospect of a matchup between pro-crypto Donald Trump and Harris.
After the announcement, the Kamala Horris price surged from the $0.0112 consolidation zone to rally through a markup phase to a new all-time high (ATH) at $0.02571, according to data from GeckoTerminal.
Kamala Horris Price Aims For A Sustained Rally Over The Symmetrical Triangle
After hitting the ATH, the Kamala Horris price went through a correction, fluctuating within the symmetrical triangle pattern.
The KAMA bulls aim to use the triangle to push the token up, as the Kamala Horris price trades well above the 200-day Simple Moving Average (SMA). If the bulls keep pushing the token up, KAMA could eventually overcome the 50-day SMA, which is the immediate resistance at $0.01966.
The Relative Strength Index (RSI) trades down as it hurtles towards the 30-oversold levels, indicating that sellers have the upper hand over the buyers.
If the bears continue selling, the price of Kamala Horris could break out to correct under the symmetrical triangle, with $0.013 acting as the next support zone (200-day SMA).
However, if the bulls take advantage of the token being undervalued and increase their positions, KAMA could break out above the triangle, with the bulls targeting the $0.028 resistance zone.
Meanwhile, investors are also buying another promising meme coin called The Meme Games (MGME) as it aims to capitalize on the hype surrounding the upcoming Olympic games in Paris.
The combination of meme coin and Olympics competition in one token prompts the 99Bitcoins YouTube channel, with more than 700k subscribers, to say MGMES is ”an excellently thought out meme coin” with the potential ”to go very, very high.”
The Meme Games Races Past $211K In Presale In Less Than A Week
The Meme Games has been gaining traction since its launch, pulling an impressive $211K in just five days. The project is infused with the competitive spirit of the Olympics as it hosts virtual showdowns between top meme coins.
CRYPTO BREAKING NEWS
The Meme Games raises over $100K on opening day of presale. The Meme Games presale raises over $100K in its first 24 hours, capturing attention in the booming memecoin sector. #partnercontent check us out @ https://t.co/8dh137buUp pic.twitter.com/YwzyP2glE4— InnovatekMobile (@Neome_com) July 17, 2024
Participants like DOGE the OG, PEPE the Versatile, WIF the Trendsetter, BRETT the Conqueror, and TURBO the Speedster compete in a series of Olympic-style events, which enables users who back them to earn $MGME as rewards.
Additionally, you can earn passively through the platform’s staking feature, where you can buy and stake $MGME for an impressive 1,223% annual percentage yield (APY).
You can buy $MGME tokens for $0.00905 each. With a price hike coming in less than 4 days, buy soon to lock in the best deal.
To join the presale, buy $MGME from the official website here using ETH, BNB, USDT, or a bank card. Buy now to win a 25% bonus on your investment.
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