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The MAGA price has plunged 32% in the last 24 hours to trade at $0.0002672 as of 7 p.m. EST on a 28% surge in trading volume to $145 million.
The decline came after President Joe Biden and Republican challenger Donald Trump failed to mention crypto in their first presidential debate on June 27.
There was also speculation that Biden’s underwhelming performance in the debate might result in him being force to step aside, leaving Trump to face a younger, stronger Democratic challenger.
Prominent Democrats will be calling for Joe Biden to step aside! DNC to remove Biden. pic.twitter.com/Oslz3o2VlE
— Jessico Bowman (@JessicoBowman) June 28, 2024
MAGA Price Bulls Regain Momentum After A Sharp Dive
The momentum behind the MAGA price has slowed down sharply, according to data from GeckoTerminal.
The price indicates a rebound after dropping from $0.0004097, coinciding with the bearish trendline. However, the bulls have established a strong support zone at $0.0001886, allowing them to regroup and spark a rally, leading to a bullish reversal. The rally has created upward momentum, pushing the price back to the previous resistance level.
MAGAUSDT Analysis. Source: Dextools.io
The bulls are working to push the price above the 50-day and 200-day Simple Moving Averages (SMA) after a sharp drop below these levels. If momentum increases, the price could rise above the averages and break through the bearish trendline, confirming an overall positive trend if the upward momentum continues.
Although the Relative Strength Index (RSI) recently dipped to the 30 oversold level it shows a gradual reversal uptrend below the 50 midline zone, maintaining bullishness at 47. This indicates upcoming intense buying pressure for the MAGA price.
MAGA Price Bulls Target New Highs Above Resistance
MAGA price bulls are preparing to push the price higher, targeting a new peak above its all-time high. If they keep up their momentum, the price could reach $0.0008180 in the coming weeks.
However, the price might encounter resistance and signal a bearish reversal. If this happens, bears could take control and drive the price down, possibly forcing it back to the support zone at $0.0001886.
A Promising Alternative: WienerAI Rockets Towards $7 Million
With MAGA price bulls gearing up for a potential new peak, WienerAI (WAI) is also gaining considerable traction as its presale surges past $6.6 million in funds raised.
WienerAI’s combination of meme coin appeal and AI technology has been instrumental in its early success.
We've raised $6.5M and this Wiener is not stopping! 🌭🚀
Join the WienerAI revolution and experience the unstoppable power of AI-driven trading 💪🤖💰 pic.twitter.com/ZiErtN1uvV
— WienerAI (@WienerDogAI) June 27, 2024
WienerAI’s AI-powered trading bot aims to assist users in improving their trading skills by answering questions and identifying the best market opportunities. When you ask WienerAI for your next trade idea, you’ll receive a detailed market analysis crafted to enhance your chances of success.
Unleashing WienerAI! 🌭🤖
Bridging meme fun with AI utility. Join the Wiener revolution! 🚀💰 pic.twitter.com/x6lTupo90N
— WienerAI (@WienerDogAI) June 22, 2024
The WienerAI’s trading bot makes trading easy for users at any skill level. It offers a big improvement over traditional on-chain trading, which often encounters issues like extended wait times, MEV exploits, and transaction failures.
Investors can also stake their tokens for an impressive annual yield of 173%.
YouTuber Cilinix Crypto gives WAI the ultimate seal of approval, saying he bought the token himself.
WienerAI is currently selling for $0.000723. If you are attracted to the token, buy it soon because the next price increase is set to occur in a little more than a day.
Buy WAI here using ETH, BNB, USDT, or a bank card.
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