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The MAGA price surged 22% in the last 24 hours to trade at $3.32 as of 00:27 a.m. EST on trading volume that plunged 14% to $14 million.
This comes ahead of the US election tomorrow, November 5. Polymarket data shows investors are betting on Trump, with his chance of winning rising a fraction to 56.2%.
But according to an ABC poll, Harris has the edge with 48% against Trump at 47%, as the race remains tighter than ever.
MAGA Price Aims For A Bullish Trend Reversal
The TRUMP/USD chart shows a mixed trend with recent signs of bearishness. After a bullish movement that peaked in October, the MAGA price has generally been in a downtrend from the $5.40 resistance, as highlighted by the descending channel pattern marked by white trend lines, according to data from GeckoTerminal.
The downtrend has resulted in the price of MAGA trading below both the 50-day and 200-day Simple Moving Averages (SMAs). Meanwhile, the 50-day SMA crosses above the 200-day SMA, forming a golden cross around $3.93, which suggests that TRUMP could still be gearing up toward a bullish rally.
The RSI is currently at 43.56, below the neutral 50 level, suggesting mild bearish momentum. However, the RSI seems to be rebounding, which may suggest that the price may be picking up momentum.
Despite the recent downtrend, the price of MAGA seems to be rebounding, as TRUMP now closes in on the upper boundary of the descending channel. If the bulls stage a bullish trend reversal, the MAGA price could rebound above the channel, as the bulls target the $5.0 resistance zone, having breached the immediate resistances at $3.4 and $4.02 (200-day SMA and 50-day SMA).
Meanwhile, if the price maintains the downtrend within the channel, it may mean that TRUMP is not yet out of the trenches, and may plunge below the channel, with $2.2 acting as the next possible support.
Meanwhile, investors seeking opportunities in the PolitiFi segment are pumping cash into FreeDum Fighters ($DUM), a new project that has blasted past $417k in funds raised in its presale.
According to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM has the potential to surge 10X when it launches.
FreeDum Fighters Presale – Next 10X Crypto?
FreeDum Fighters is a satirical take on the US election that features mechanized versions of the two presidential candidates. MAGATRON represents the MAGA machine Donald Trump, while Kamala Harris is Kamacop 9000, the hunter of injustice.
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
$DUM holders are invited to stake (vote) for either MAGATRON or Kamacop when they join the project. MAGATRON currently boasts a 284% annual return for its supporters (stakers), while Kamacop 9000 offers a dazzling 775% annual return.
The staking rewards show that DUM investors favor Trump by 68% to only 32% for Harris.
Token holders can also participate in lively debates and earn rewards based on the chosen candidate’s performance. Community involvement is encouraged, with debates and social media activity rewarded by additional $DUM tokens.
Visit the official FreeDum Fighters website to buy $DUM tokens here using ETH, BNB, USDT, USDC, or SOL, with each token selling for $0.000065.
Buy before a price hike in about 32 hours to secure the best deal.
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