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The MAGA price plunged 10% in the last 24 hours to trade at $2.82 as of 00:44 a.m. EST on trading volume that soared 13% to $5.6 million.
This comes as the odds of Kamala Harris taking the White House gained on Polymarket after the presidential debate with Donald Trump last night. Harris and Trump are now tied with each having a 49% chance of winning November’s election.
The debate ends with Trump and Harris tied.
55 days to go. pic.twitter.com/MGpsIl6It8
— Polymarket (@Polymarket) September 11, 2024
MAGA Price Set For A Rebound
The MAGA price has been on a downtrend since August 25, according to data from GeckoTerminal. Although the bulls seemed to gain some control around the $2.9 support to push TRUMP price to the $3.5 resistance, the price of MAGA then dropped again to the $2.77 support.
This support then allowed the bulls to push the price back to the $3.5 resistance, forming a rounding bottom pattern.
The price of MAGA has now invalidated the bullish sentiments of the rounding bottom pattern, with TRUMP now moving down within a bearish trend.
The downtrend coincides with the price of MAGA now trading below both the 50-day and 200-day Simple Moving Averages (SMAs).
Moreover, the Relative Strength Index (RSI) is correcting below the neutral zone, currently at 39, which is a sign that sellers have the upper hand.
The MAGA price analysis shows that the token is currently on a bearish trend, which, if it continues, could cause TRUMP to plunge further to the $2.3 support zone.
Conversely, if the bulls take control of the price at this level, the MAGA price could soar, with the RSI showing that the asset is now undervalued. In this scenario, TRUMP could soar above the $3.5 resistance, as they target $3.65.
Meanwhile, investors are turning to the new meme coin Crypto All-Stars (STARS), which crypto YouTuber Jacob Bury, with over 42K subscribers, says has the potential to soar 10X after its launch.
The Crypto All-Stars Presale Raises Over $1.2 Million – Best Meme Coin To Buy Now?
The Crypto All-Stars ICO has made a powerful start, raising $1.2 million in just a few weeks since its launch.
What Is Crypto All-Stars?
Crypto All-Stars is set to revolutionize the meme coin sector with its innovative ‘Meme Vault’ platform. 💥
This is more than just another meme coin – it's an entirely new way to interact with the meme coin ecosystem!
— web3telepath (@web3telepath) August 15, 2024
Crypto-All Stars is a project that brings together every top meme coin on a combined platform. Its revolutionary staking platform brings together the most celebrated meme coins in one place through its unique MemeVault protocol.
Crypto All-Stars is positioning itself as a key player in the evolving crypto landscape by establishing a centralized hub for meme coin staking.
Holders of top meme coins can stake them on Crypto All-Stars and earn passive income in STARS. The VIP list of meme coins on Crypto All-Stars includes Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk.
Apart from staking other meme coins, investors can also buy and stake $STARS tokens, which have an annual percentage yield (APY) of 1,234%.
You can buy $STARS tokens now for $0.0014362 each. With a price increase coming in about two days, you should act fast to secure the meme coin at the best possible price.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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