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The MAGA price has soared 54% in the last 24 hours to trade at $0.0001642 as of 3:16 a.m. EST on a 107% surge in trading volume to $22 million.
This price increase comes after Elon Musk, CEO of SpaceX and Tesla, endorsed Donald Trump’s campaign to become president at a rally for the Republican presidential nominee in Butler, Pennsylvania, at the weekend.
Musk wore a ”Make America Great Again” cap and called himself ”Dark MAGA”
"I'm not just MAGA, I'm Dark MAGA"
– Elon Musk Butler, PA pic.twitter.com/VeJfZCOgxG— The Constitutionalist 🇺🇸 (@WeWillBeFree24) October 5, 2024
Musk’s endorsement has helped Trump widen his lead over Kamala Harris, with Polymarket odds showing Trump now having a 50.6% chance of winning November’s election, compared with Harris’s 48.7% chance.
MAGA Price Continues The Uptrend: Can The Bulls Sustain The Momentum
The MAGA/USD pair on the 15-minute timeframe shows a bullish channel, indicating a strong uptrend. The price has made higher highs and lower lows. Currently, it is trading at $0.0001625, which represents a key resistance level.
A breakout above this level could lead to further gains, with a target price indicated above the current level.
MAGAUSD Analysis Source: Dextools.io
The moving average crossover, with the 50-period moving average at $0.00014851 crossing above the 200-period moving average at $0.00012361, forms a “golden cross,” signaling a continuation of the upward momentum.
MAGA Price Consolidation Phase And Bullish Indicators Signal A Bullish Continuation
The price is in a consolidation phase near the upper boundary of the channel, which often precedes a breakout and suggests potential for continued upward movement.
Additionally, the MACD indicator shows a positive histogram, indicating bullish momentum. However, the closeness of the MACD lines suggests caution, as they could converge, indicating a possible loss of momentum.
The Relative Strength Index (RSI) is currently at 57.29, in the neutral zone but approaching overbought levels. This suggests that the bulls have a chance to drive the MAGA price further upward movement, but caution is necessary if the RSI nears 70, which could signal overbought conditions and a potential pullback.
Key support levels include the 50-period moving average at $0.00014851, which could provide a cushion if the price experiences a pullback. A break below this level might lead to further declines, while a successful breakout above $0.0001625 could see the price move toward the target level, continuing the bullish trend.
Crypto All Stars Surges Past $2M, Offers 716% Staking APY
The bullish momentum in Maga’s price is mirrored by that for the Crypto All Stars (STARS) presale.
STARS is an innovative staking meme coin that also offers a jaw-dropping 716% APY for investors who stake their tokens. Its presale has already surpassed $2 million in early funding.
Crypto All-Stars offers a convenient platform for staking multiple meme coins in one place via its “MemeVault” protocol.
Prominent crypto analyst and YouTuber Austin Hilton, with over 275k subscribers, says STARS may surge 3X to 5X once it launches.
The MemeVault will support 11 tokens: Dogecoin, Shiba Inu, Pepe, Brett, Floki, Mog Coin, Milady, Turbo, Toshi The Cat, Coq Inu, and Bonk Coin, and there are plans to add more in the future.
Built on Ethereum’s ERC-1155 token standard, the protocol ensures secure staking for ERC-20 tokens, positioning Crypto All-Stars to expand its staking offerings.
Let's rise together, All-Stars! 🌟
By staking your favorite meme coins in the MemeVault, you're not just earning STARS – we're forging a stronger community! pic.twitter.com/3b95O8Cahr
— Crypto All-Stars Contact Desk (@all_stars_coinC) October 3, 2024
Currently, $STARS tokens sell for $0.0014887. Buy before a price hike in less than 3 days for the best deal.
Buy STARS on the official website here for a 716% APY.
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