MAGA Price Outlook: TRUMP Coin Aims for $1 Amid Political Controversy

Updated: 06 September 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

With its ambitious goal of reaching a $1 valuation, the MAGA coin (TRUMP) has become a notable player in cryptocurrency.

This prominence, however, is intertwined with the ongoing political controversies surrounding its namesake, former President Donald J. Trump.

This intriguing blend of financial speculation and political drama has piqued the interest of both investors and the general public, turning the TRUMP Coin into a subject of substantial discussion and debate within the cryptocurrency community. The question is: Can it achieve the $1 mark?

As of 11:30 a.m. EST, the current trading price of the TRUMP coin stands at $0.08, representing a modest daily decline of 0.5%.

Despite this slight dip, its performance over the week remains optimistic, with a significant increase of 40.3%. The TRUMP Coin’s journey to reach that coveted $1 threshold is one that many are watching closely, and its recent movements suggest that it might just have what it takes to leap.

TRUMP Ascending Triangle Suggests a Bullish Continuation

TRUMP/USD Chart Analysis. Source: Dextools.io — TRUMPUSD Chart Analysis. Source: Dextools.io

According to the chart above, the TRUMP price shows a steady upward trend, with the bulls finding solid support at the $0.012 level. Although they encountered resistance at $0.15, representing the all-time high for TRUMP, the bulls maintain an overall bullish stance.

Additionally, the price seems to be working towards forming an ascending triangle pattern, suggesting a potential continuation of the bullish momentum.

The bullish sentiment for TRUMP is well-founded, primarily driven by the convergence of the 50 exponential moving average and the upward trend line.

This convergence is compelling the price to maintain a position above this critical level. This collaboration of technical indicators suggests the potential for TRUMP’s price to surge toward its previous resistance level of $0.15.

Furthermore, the relative strength index (RSI) appears indecisive, oscillating around the neutral mark of 50. This implies that a significant price movement may be imminent, with the RSI hinting at a possible rebound towards the overbought region at 70.

Summarizing the analysis, TRUMP’s price exhibits strong bullish tendencies, supported by an ascending triangle pattern.

The critical level to monitor is $0.15. However, should the price break above the upper boundary of this triangle, a bullish surge may become inevitable, with a crucial resistance level to keep an eye on at $0.29.

On the flip side, if the price encounters resistance from the 21 exponential moving average, it might experience a decline. In such a scenario, essential support levels to monitor are at $0.06 and $0.04.

The Wall Street Memes (WSM) project is nearing the conclusion of its presale. This presents a promising opportunity for TRUMP investors to consider as a potential catalyst for high returns.

Wall Street Memes (WSM) Presale Ending in 20 Days

The final presale day is approaching. The eagerly anticipated tier-1 launch is scheduled for September 27th, 20 days from now, and investors eagerly anticipate potential price surges.

The project has already amassed an impressive $25 million in funding, with the WSM token priced at $0.0337 per token during this presale phase, providing an attractive entry point for investors seeking tokens before a potential surge in value as it strives to reach $30 million.

The project has gained an impressive following of over 1 million users on its social media platforms. The community generates more than 40 million monthly impressions, highlighting the substantial reach of WSM.

WSM High- yield Staking Strategy, 50k Airdrop

Wall Street Memes (WSM) is strategically positioning itself for listing on major exchanges and focuses on a high-yield staking mechanism to promote stability and encourage token staking, mitigating abrupt sell-offs and potential market downturns.

The accumulation of staked tokens, forming a substantial portion of the circulating supply, vividly underscores the community’s wholehearted embrace of this incentive-driven system.

Are you a chad or a buffet? pic.twitter.com/JKAzdGRjbn

— Wall Street Memes (@wallstmemes) September 3, 2023

In the latest staking update, the aggregate staked WSM has surged past 212 million, offering an estimated annual percentage yield (APY) of 94%.

The project rewards participants with 75 rewards per block, and the total supply of WSM tokens is 1.6 billion. Additionally, WSM has organized a $50,000 airdrop event for active holders engaged with their social media channels, including Discord.

Demonstrating their NFT prowess in 2021, the creators achieved remarkable success with the Wall Street Bulls NFT collection, raking in $2.5 million in just 32 minutes.

The total supply of $WSM tokens is capped at 2 billion, exclusively dedicated to the community. The presale will release 50% of the tokens, allocating 30% for community rewards, while the remaining 20% will ensure liquidity across various exchanges.

Interested investors can acquire WSM tokens using Ethereum (ETH) and Tether (USDT) by linking their wallets to the WSM token website or using bank cards.