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The MAGA Hat price has surged 5% in the last 24 hours to trade at $0.0001607 as of 12:20 a.m. EST on a 5% drop in trading volume to $10.4 million
MAGA Hat Price Gears Up For A Bullish Rally
The MAGAUSD price action shows a strong upward movement within a bullish channel, followed by a period of consolidation. This is characteristic that after a sharp price rally, where the market pauses to digest recent gains.
The price currently sits at $0.0001624, which is hovering around the 50-period Simple moving average (SMA) of $0.0001617. This suggests the 50 SMA could act as a key support or resistance level in the short term. If the price manages to hold above this moving average, it could signal renewed buying interest.
The 200-period simple moving average (SMA), down at $0.0001151, indicates that the overall long-term trend remains bullish. The wide gap between the 50 SMA and 200 SMA shows that the MAGA price has experienced significant momentum recently, further reinforcing the upward bias despite the current sideways movement.
MAGAUSD Analysis Source: Dextools.io
The consolidation phase, occurring near the $0.0001600 level, reflects a balance between buyers and sellers. The price is moving sideways within a defined range, with strong support around $0.0001400. This level has been tested multiple times and has held firm.
A potential breakout from this consolidation could lead to an upward push, as indicated by the projected target price of $0.0002200, which aligns with previous resistance points from earlier in the chart.
MAGA Hat Price Could Break Above The Consolidation Zone
On the technical side, the MACD shows that the market is neutral, with the MACD and signal lines close to the zero mark. If the MACD line, currently at -0.00000004, crosses above the signal line at -0.00000007, it could indicate that bullish momentum is picking up again.
Meanwhile, the RSI is at 49.88, which suggests that the market is neither overbought nor oversold. This further supports the idea of consolidation and signals a break above the 50 midline level.
The MAGA Hat price is in a neutral phase, consolidating after a strong bullish run. Key levels to watch include the support at $0.0001400 and the potential target price at $0.0002200. A break above the consolidation zone could lead to a strong upward move, while a failure to hold above the 0.0001600 area might trigger a retest of lower support levels.
FreeDum Fighters Blasts Past $200K: Next Crypto To Explode?
As the MAGA Hat price rallies towards a bullish surge, new political meme coin FreeDum Fighters ($DUM) has raised more than $206k in early funding just days after launching its presale.
According to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM has the potential to surge 10X when it launches.
FreeDum Fighters cleverly blends humour, politics, and gamification with a satirical twist on the upcoming US presidential election. At its core is an epic face-off between two mechanized political icons who fight for dominance: MAGATRON and Kamacop 9000.
🚨 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
Central to the project is a unique staking pool that rewards participants based on the political candidates they support.
Right now, the passionately patriotic Magatron offers an an annual staking yield of 498%, while the trailblazing feminist Kamacop 9000 boasts a stratospheric 1,867% APY.
$DUM, the primary currency for entering the FreeDum Fighters ecosystem, powers debate rewards and staking. This token enables users to vote, earn rewards, and engage in various activities within the project.
When users invest in the presale, they are prompted to vote (stake) their $DUM tokens for one of the candidates.
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.
If you are interested, you can buy $DUM tokens for $0.00005 on the official website here using ETH, BNB, USDT, USDC, or SOL.
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