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The MAGA price surged over 41% in the last 24 hours to trade at $2.76 as of 7:27 a.m. EST as investors go long on the political meme coin.
This recent gain in the TRUMP price was enough to push its weekly performance out of the red with a gain of more than 27%. However, the crypto remains 23% down over the past 30 days.
The MAGA Price Exits A Consolidation Range
4-hour chart for MAGA/USD (Source: GeckoTerminal)
The MAGA price was able to break out of a consolidation channel between $1.6039 and $2.1853 in the last few hours. Now, the meme coin is attempting to overcome the major resistance level at $3.0252. A 4-hour candle close above this threshold within the next 12 hours could give TRUMP the foundation needed to rise to the subsequent mark at $3.4774.
On the other hand, the MAGA price failing to close a 4-hour candle higher than $3.0252 within the next 12 hours could stop the crypto in its tracks. In a more bearish case, the altcoin might stand the risk of testing the recently-breached $2.1853 level. A drop below this point could then result in TRUMP dropping back into the aforementioned sideways channel.
Technicals Suggest The MAGA Price Might Keep Climbing In The Short Term
From a technical standpoint, indicators on MAGA’s 4-hour chart suggest the crypto has the momentum needed to flip the $3.0252 barrier into support. More specifically, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bullish signs.
The MACD line has been breaking away above the MACD Signal line throughout the past trading day. This not only indicates that TRUMP is in a positive trend, but also suggests the meme coin’s bullish momentum is intensifying.
Meanwhile, RSI readings have risen over the last 24 hours from the mid 50s to the high 70s. Traders generally see this as a sign of buyer strength. However, the high RSI readings could also be taken as a sell signal, because they warn that the crypto’s downside potential is greater than its upside potential.
Given the growing gap between the MACD and MACD Signal lines, as well as the positive slope of the RSI line, it seems that a bullish scenario is more likely to play out.
While the MAGA price closes on a major resistance level, investors are FOMO buying a Solana token by the name of Mega Dice (DICE) before it’s too late.
A New Token With A Major Competitive Advantage
Mega Dice (DICE) is a Solana GambleFi token that is backed by the reputable and rapidly-growing Mega Dice Casino brand, giving it a major advantage over other new cryptos looking to make a name for themselves in the market.
The casino boasts over 50K players and more than 10K active monthly players, exposing DICE to a large pool of potential investors from the start. With more than $50 million being wagered monthly on the Mega Dice casino platform, users also seem comfortable taking a bet for potential gain.
There are also amazing rewards up for grabs for DICE holders, including limited edition NFTs, early bird bonuses and daily rewards that are based on the casino’s performance.
YouTuber TodayTrader told his 11.9K subscribers that DICE could easily generate 100X returns for investors after launch.
One Last Chance To Buy DICE At Presale Prices
DICE is nearing the end of its successful ICO, which has raised more than $1.89 million. There are now just 3 days left for investors to buy the token at this early stage. After the presale has concluded, the token will be listed on the decentralized Raydium exchange on Sept. 30 at 3:00 p.m. CET.
$DICE Launch on Raydium 🚀
We’re excited to share that $DICE will officially launch on Raydium DEX on September 30th at 15h00 CET! 🎉
Get ready for the next big step in #GameFi on #Solana as we bring you unparalleled opportunities and exciting rewards, including exclusive… pic.twitter.com/qvAND54tbk
— Mega Dice Casino (@megadice) September 20, 2024
DICE NFTs will also be launched when the token goes live. Only 500 of these digital assets will be available, and will give holders access to exclusive cashbacks, promotions and rewards.
The action doesn’t stop there, as futures trading and lootboxes will come later this year. The project also aims for a tier-2 centralized exchange listing towards the end of the year.
Anyone that wants to buy the token before its launch can do so via the buy widget on its website. Selling for $0.116056, DICE can be bought using either SOL, ETH or BNB.
Purchase DICE here before its presale ends.
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