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The MAGA price pumped over 6% in the last 24 hours to trade at $0.187 as of 6:13 a.m. EST as investors start to accumulate the presidential meme coin.
The rise in the TRUMP price comes as China vows to “fight to the end” on tariffs imposed by US president Donald Trump.
MAGA Price Bounces Off Of Support And Challenges Resistance
4-hour chart for TRUMP/USD (Source: GeckoTerminal)
The MAGA price rebounded from a support level at $0.1763, data from GeckoTerminal shows. Now, the meme coin is attempting to overcome resistance at $0.1898. Breaking above this technical barrier will just leave the resistance at $0.1974 standing in TRUMP’s way before a potential rise to as high as $0.2192 in the short term if the bullish pressure persists.
However, a sudden wave of sell pressure could stop the MAGA price in its tracks. In this alternative scenario, TRUMP could end up retesting the aforementioned $0.1763 support. A drop below this mark might then lead to a deeper correction for the meme coin.
Technicals Suggest The MAGA Price Might Keep Climbing
From a technical perspective, indicators on TRUMP’s 4-hour chart suggest the meme coin’s price might continue to rise in the next few hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show positive signs.
In the last 12 hours, the MACD line has risen towards the MACD Signal line. Traders might see the narrowing gap between the two technical indicators coupled with their current alignment to each other as a sign that TRUMP’s bearish cycle is nearing its end. A confirmation could be if the MACD line crosses above the MACD Signal line.
Meanwhile, RSI readings have risen from deep oversold territory below 30 to above 30 in the last 24 hours. This exit from extreme bearish conditions might be seen as a buy signal, especially since the current RSI value suggests TRUMP’s upside potential is greater than its downside potential.
As the MAGA price looks to keep its bullish move going, investors are also buying a new meme coin called BTC Bull Token (BTCBULL).
99Bitcoins, a popular crypto channel on YouTube with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.
A Meme Coin Gem Offering Investors Free Bitcoin
BTC Bull Token is a Bitcoin-inspired meme coin that wants to cheer the largest crypto by market cap on as its price embarks on a journey to $1 million per coin and beyond.
The project is so confident that BTC will soar to unprecedented heights that it has set up a series of price milestones that will either trigger Bitcoin airdrops or BTCBULL token burns.
According to the project’s website, the next BTC airdrops will happen when the crypto market king reaches $150K for the first time. Every $50K increase in the crypto’s price thereafter will also trigger BTC airdrops.
Similarly, BTCBULL token burns will be triggered at certain Bitcoin price milestones as well. Tokens will be removed from the supply when BTC hits $125K for the first time and with every subsequent $25K increase in the Bitcoin price.
The BTCBULL token burns are meant to mimic BTC’s ever-growing scarcity. As the token’s supply shrinks, it could start to apply upside pressure on BTCBULL’s price.
BTCBULL Presale Closes On $4.5 Million
Investors have already poured more than $4.4 million into the project’s ongoing ICO. Currently selling for $0.00245 apiece, BTCBULL can be bought with either crypto or bank card.
Buy before a price hike in less than 21 hours to secure the best deal.
Check out BTC Bull Token on its official website.
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