{"id":557889,"date":"2024-07-28T17:16:23","date_gmt":"2024-07-28T17:16:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=557889"},"modified":"2024-07-28T17:16:23","modified_gmt":"2024-07-28T17:16:23","slug":"maga-price-slumps-20-as-donald-trump-announces-plan-for-strategic-bitcoin-reserve-and-traders-rush-to-buy-this-ico-with-only-2-days-left","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/maga-price-slumps-20-as-donald-trump-announces-plan-for-strategic-bitcoin-reserve-and-traders-rush-to-buy-this-ico-with-only-2-days-left","title":{"rendered":"MAGA Price Slumps 20% As Donald Trump Announces Plan For Strategic Bitcoin Reserve And Traders Rush To Buy This ICO With Only 2 Days Left"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The MAGA price has plunged by 20% over the past 24 hours to trade at <a href=\"https:\/\/www.coingecko.com\/en\/coins\/maga\">$5.92<\/a> as of 5:30 p.m. EST.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes after presidential candidate Donald Trump vowed to create a &ldquo;strategic national Bitcoin reserve&rdquo; and said he&rsquo;d fire the anti-crypto Securities and Exchange Commission chair Gary Gensler if he retakes the White House in November.<\/span><\/p>\n<p>&rdquo;On day one, I will fire Gary Gensler,&rdquo; he said in a speech at the Bitcoin 2024 conference in Nashville on July 27. &ldquo;I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris&rsquo;s anti-crypto crusade will be over. Never sell your bitcoin,&rdquo;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">JUST IN: &#127482;&#127480; Donald Trump says, &ldquo;The United States will be the crypto capital of the planet and the <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> superpower of the World.&rdquo;<br> <a href=\"https:\/\/t.co\/5CNHY8hhQE\">pic.twitter.com\/5CNHY8hhQE<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1817323803401245162?ref_src=twsrc%5Etfw\">July 27, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span style=\"font-weight: 400;\">MAGA Price Review: How is MAGA Doing?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Looking at an in-depth analysis using CoinGecko data, we see that the price has experienced a significant drop from its recent high of $6.390. The current price is near the lower end of the recent trading range. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Alligator indicator lines are bearish, with the Jaw above the Teeth and the Lips indicating a downtrend. The price is below all three lines, further confirming the bearish trend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, the Woodies Commodity Channel Index (CCI) is in negative territory, indicating that the asset is in a bearish phase. The CCI has recently shown volatility, with spikes indicating short-term buying and selling pressures, but overall, it remains in a bearish zone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The chart does not explicitly show volume, but the price movement suggests that there have been significant sell-offs, especially noticeable during the recent decline from the high of $6.390.<\/span><\/p>\n<h2>MAGA Price Sentiment Appears Overall Bearish<\/h2>\n<p><span style=\"font-weight: 400;\">The overall sentiment appears bearish, as indicated by the Alligator indicator and the negative CCI values. The price consistently trades below the Alligator lines, suggesting a need for upward momentum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The immediate support level is around $5.780, close to the current price, while the immediate resistance is around $6.243 (Alligator&rsquo;s Lips) and higher at $6.333 (Alligator&rsquo;s Teeth). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Alligator indicator shows a clear bearish trend with prices below all three lines. The CCI is also in negative territory, indicating bearish momentum. If the price breaks above the Alligator&rsquo;s Lips ($6.243) and Teeth ($6.333), there might be a rebound, but current indicators suggest continued downward pressure.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-557891 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Apex_1722178199477-1.png\" alt=\"\" width=\"2538\" height=\"1162\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Apex_1722178199477-1.png 2538w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Apex_1722178199477-1-300x137.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Apex_1722178199477-1-1024x469.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Apex_1722178199477-1-768x352.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Apex_1722178199477-1-1536x703.png 1536w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/Apex_1722178199477-1-2048x938.png 2048w\" sizes=\"(max-width: 2538px) 100vw, 2538px\"><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">4-hour MAGA\/USDT chart | Source: <\/span><a href=\"https:\/\/www.tradingview.com\/symbols\/MAGAUSDT\/\"><span style=\"font-weight: 400;\">TradingView<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">While investors flee MAGA, they are rushing to buy <a href=\"https:\/\/insidebitcoins.com\/visit\/wienerai\" rel=\"nofollow\">WienerAI (WAI)<\/a>, which is closing on $9 million in funds raised with only a little more than two days left in its presale.<\/span><\/p>\n<p>One crypto whale invested $370,000 in the WAI token on July 27, ponying up 114.15 ETH, currently valued at about $370,000, to secure a significant holding in one of the most successful presales of the year.<\/p>\n<h2><span style=\"font-weight: 400;\">A Meme Coin With AI Trading Powers&nbsp;<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">WienerAI (WAI) is a new meme coin that is launching an AI trading bot that uses cutting-edge technology. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because it has been trained to analyze crypto markets, the project&rsquo;s advanced computer models can find trade opportunities and secret clues in the market data.<\/span><\/p>\n<p>Known as the ChatGPT of crypto, it allows token holders to input trading questions through its user-friendly interface and receive instant responses.<\/p>\n<p>Traders can ask about market opportunities, and WienerAI responds with a list of potential trades and advice on the best decentralized exchange to execute them on. Traders can then execute trades directly from the chatbot interface.<\/p>\n<p>WienerAI explains the thinking behind its recommendations, offering a useful learning experience for users.<\/p>\n<p><span style=\"font-weight: 400;\">It is easy to see why YouTube channel Crypto Gains, with 135,000 subscribers, recently told investors not to miss out on WAI before its presale ends.<\/span><\/p>\n<p><iframe title=\"&#128293; WienerAi! $7.3M RAISED! DONT MISS OUT! - Last Chance To Get In Early?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/83pezkLhRGE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">Holders who stake WAI tokens can also gain from a 141% annual yield.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">WienerAI army is getting ready to be released &hellip; &#127789;&#127789;&#127789; <a href=\"https:\/\/t.co\/ns1gO37V6n\">pic.twitter.com\/ns1gO37V6n<\/a><\/p>\n<p>&mdash; WienerAI (@WienerDogAI) <a href=\"https:\/\/twitter.com\/WienerDogAI\/status\/1816594933673001241?ref_src=twsrc%5Etfw\">July 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Investors interested to join the project need to act quickly because WAI&rsquo;s presale ends in less than 3 days.&nbsp;<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/wienerai\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Buy WAI on the official website here<\/span><\/a><span style=\"background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); text-align: var(--bs-body-text-align);\"> with ETH, USDT, BNB, or a bank card. The tokens cost $0.00073 each.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Related News<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/upcoming-crypto-presales-unlock-early-investment-calsona-plu5e\/\"><span style=\"font-weight: 400;\">Upcoming Crypto Presales: Unlock Early Investment Opportunities!<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/cryptos-official-paris-olympics-meme-coin-the-meme-games-rockets-past-250k-raised-in-a-week\"><span style=\"font-weight: 400;\">Crypto&rsquo;s &lsquo;Official&rsquo; Paris Olympics Meme Coin The Meme Games Rockets Past $250k Raised In A Week<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/magic-eden-launches-a-30-diamond-boost-to-all-nft-ordinal-rare-sat-purchases\"><span style=\"font-weight: 400;\">Magic Eden Launches A 30% Diamond Boost To All NFT, Ordinal &amp; Rare Sat Purchases<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">PlayDoge (PLAY) - Newest ICO On BNB Chain<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/05\/playdoge.svg\" alt=\"PlayDoge\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>2D Virtual Doge Pet<\/li>\n                                                                                                    <li>Play To Earn Meme Coin Fusion<\/li>\n                                                                                                    <li>Staking &amp; 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This comes after presidential <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1951,"featured_media":557892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MAGA Price Slumps 20% As Donald Trump Announces Plan For Strategic Bitcoin Reserve And Traders Rush To Buy This ICO With Only 2 Days Left - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The MAGA price has plunged by 20% over the past 24 hours to trade at $5.92 as of 5:30 p.m. EST. 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