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The MAGA price has plunged 35% in a week even after climbing 5% in the last 24 hours to trade at $3.31 as of 03:22 a.m. EST on trading volume that plunged 27% to $9.9 million.
This comes as prominent US elections analyst Nate Silver says that his “gut” tells him Republican candidate Donald Trump will win the presidential election against Kamala Harris next month.
MAGA Price Bulls Looking For A Likely Bullish Trend Reversal
The MAGA price has been in a bullish rally in October, as the bulls took charge of the price around $2.82 to drive TRUMP through a rising channel pattern, according to data from GeckoTerminal. The bulls, however, encountered some resistance around $5.5, which pushed the price to a correction within a falling channel pattern.
This recent downtrend led the price of MAGA to trade below both the 50-day and 200-day Simple Moving Averages (SMAs).
However, the MAGA price has touched the upper boundary of the falling channel, which is an indication that the bulls may be pushing the price towards a price recovery. This push is evident with the Relative Strength Index (RSI) now recovering from the 30-oversold level.
The Moving Average Convergence Divergence (MACD) blue line is also crossing above the orange line, representing a bullish crossover.
MAGA Price Prediction
According to the TRUMP/USD chart analysis on the 4-hour chart, the MAGA price is currently gearing up toward a bullish trend reversal. Major indicators, including the RSI and MACD, show that bulls are currently aiming for a bullish run.
If the bulls succeed in pushing the price of MAGA up to breach the immediate resistance zones at $3.48 and $4.18, TRUMP could soar even higher, as they target $5.5.
However, if the bears exert pressure at this point, the MAGA price may drop even further, with the next possible support at $2.5.
Meanwhile, investors seeking opportunities in the PolitiFi segment of the crypto market might want to consider FreeDum Fighters ($DUM), a new project that has blasted past $262k in funds raised in less than a week since its launch.
According to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM can potentially surge 10X when it launches.
FreeDum Fighters: Next Crypto To Explode?
FreeDum Fighters is a new satirical meme coin that combines humor, politics, and gamification to parody the US presidential election.
The project taps into the buzz surrounding the upcoming US elections, featuring two fictional candidates, MAGATRON and Kamacop 9000, locked in a battle for “mechanized supremacy.”
The platform offers unique engagement experiences, including weekly debates and airdrops. During the $DUM presale, holders can participate in lively community debates, crafting persuasive arguments for your chosen side.
Ready for this year's elections?
Get involved early by joining the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Cast your vote by participating in the $DUM presale and using their stake-to-vote system 🗳️
Be sure to follow this project, you will not regret it.🔥🔥 pic.twitter.com/j452Rht1Lq
— Red (@Redlion35) October 17, 2024
The winning team is rewarded with airdrops, transforming political involvement into real profits. As a $DUM holder, you can back both sides, observing the ever-changing dynamics of the battle.
If your chosen candidate wins a debate or significant favorable events arise, you will receive airdropped rewards added to your staked balance. Only those who have voted (staked) will qualify for these rewards.
Right now, voting (staking) for the passionately patriotic Magatron offers an annual yield of 408%, while the trailblazing feminist Kamacop 9000 boasts a stratospheric 1,767% return.
DUM will be available on multiple blockchain platforms, including Ethereum (ETH), Binance Smart Chain (BSC), Base, and Solana (SOL).
Visit the official FreeDum Fighters website to buy $DUM tokens here using ETH, BNB, USDT, USDC, or SOL for $0.00005 each. Buy before a price hike in a little more than an hour for the best deal.
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