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The Maga Hat price surged over 29% in the last 24 hours to trade at $0.000185 as of 4:12 a.m. EST as investors rush to buy the political meme coin ahead of the US election tomorrow.
The strong 24-hour performance by the MAGA price comes as former US President Donald Trump and current Vice President Kamala Harris stand neck-and-neck in the polls. Currently, Harris has a slight lead over her political rival, with her odds at 48% and Trump’s at 47%.
4-hour chart for MAGA/USD (Source: GeckoTerminal)
Maga Hat Price Breaks Resistance
The Maga Hat price broke through the resistance level at $0.0001746 in the last few hours. If the bullish pressure persists, the meme coin could soon attempt to flip the $0.0002319 resistance level into support to potentially rise to as high as $0.0002874.
However, the Maga Hat price dropping below $0.0001780 within the next 12 hours might bring an end to MAGA’s bullish move. Traders could then end up realizing their profits, which might push the crypto’s price down to the next major support level at $0.0001241.
Technicals Warn Of An Upcoming Correction For The Maga Hat Price
From a technical perspective, indicators on MAGA’s 4-hour chart show that bulls still maintain an upper hand against bears, but that there has been a decrease in buyer strength in the last couple of hours.
Relative Strength Index (RSI) readings dropped from the mid 50s. Although the indicator is still currently valued above the 50 benchmark to indicate that buyers have control of the Maga Hat price, the negative slope of the indicator warns that this might not be the case for long.
Meanwhile, the Moving Average Convergence Divergence (MACD) line is gradually rising away from the MACD Signal line. Oftentimes, this specific orientation of the MACD and MACD Signal lines is seen as bullish, with the growing gap usually identified as an indication of growing momentum.
Despite the MACD rising away above the MACD Signal line, the drop in buyer strength indicated by the RSI warns that a short-term correction may be in the cards for the meme coin. This could be confirmed by the Maga Hat price if it drops below $0.0001780 in the coming few hours.
As the US election nears and MAGA loses some of its bullish strength, investors are flocking to a new political meme coin by the name of FreeDum Fighters (DUM) for potential 10X gains.
Bringing The Trump-Harris Rivalry Onchain
As anticipation grows around the US election, crypto investors can now participate in an on-chain political rivalry and potentially earn high staking rewards as well through FreeDum Fighters (DUM). In one corner is MAGATRON, who is squaring off against Kamacop 9000.
Backers of each character stand to accumulate points off the back of favorable developments. These points can then be redeemed for the project’s upcoming airdrop.
After every purchase, investors have the choice to stake their tokens for either Kamacop or MAGATRON. With MAGATRON holding the lead in the project’s polls, the highest staking rewards are on offer through the Kamacop pool.
Anyone who backs this character can earn up to 774% in annual rewards. Meanwhile, MAGATRON supporters can still unlock an impressive 284% annual staking return.
Along with the high passive rewards on offer, crypto analyst Jacob Bury told his more than 43K subscribers that DUM has the potential to surge 10X when it launches.
Investors Position Themselves For Potential 10X Gains Ahead Of The US Election
FreeDum Fighters has already raised over $417K through its ongoing ICO, signaling strong investor confidence in the project’s future.
Well… Kamacop 9000 better get this sort of reception when she comes to your towns Fighters 🦅 https://t.co/yn9pScYjEq
— FreeDum Fighters (@Freedum_Fighter) November 3, 2024
Selling for $0.000065, DUM tokens can be bought with ETH, BNB, BASE, SOL, USDT, or USDC. Buy before a price hike in about 1 day to lock in the best deal.
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