{"id":589370,"date":"2024-10-21T08:30:26","date_gmt":"2024-10-21T08:30:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=589370"},"modified":"2024-10-21T08:30:26","modified_gmt":"2024-10-21T08:30:26","slug":"maga-hat-price-prediction-maga-pumps-5-but-investors-flock-to-this-new-politifi-meme-coin-with-1867-staking-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/maga-hat-price-prediction-maga-pumps-5-but-investors-flock-to-this-new-politifi-meme-coin-with-1867-staking-apy","title":{"rendered":"MAGA Hat Price Prediction: MAGA Pumps 5%, But Investors Flock To This New PolitiFi Meme Coin With 1,867% Staking APY"},"content":{"rendered":"

The MAGA Hat price has surged 5% in the last 24 hours to trade at <\/a>$0.0001607<\/a> as of 12:20 a.m. EST on a 5% drop in trading volume to $10.4 million<\/span><\/p>\n

MAGA Hat Price Gears Up For A Bullish Rally<\/h2>\n

The MAGAUSD price action shows a strong upward movement within a bullish channel, followed by a period of consolidation. This is characteristic that after a sharp price rally, where the market pauses to digest recent gains.<\/p>\n

The price currently sits at $0.0001624, which is hovering around the 50-period Simple moving average (SMA) of $0.0001617. This suggests the 50 SMA could act as a key support or resistance level in the short term. If the price manages to hold above this moving average, it could signal renewed buying interest.<\/p>\n

The 200-period simple moving average (SMA), down at $0.0001151, indicates that the overall long-term trend remains bullish. The wide gap between the 50 SMA and 200 SMA shows that the MAGA price has experienced significant momentum recently, further reinforcing the upward bias despite the current sideways movement.<\/p>\n

\"MAGA<\/p>\n

MAGAUSD Analysis Source: Dextools.io<\/p>\n

The consolidation phase, occurring near the $0.0001600 level, reflects a balance between buyers and sellers. The price is moving sideways within a defined range, with strong support around $0.0001400. This level has been tested multiple times and has held firm.<\/p>\n

A potential breakout from this consolidation could lead to an upward push, as indicated by the projected target price of $0.0002200, which aligns with previous resistance points from earlier in the chart.<\/p>\n

MAGA Hat Price Could Break Above The Consolidation Zone<\/h2>\n

On the technical side, the MACD shows that the market is neutral, with the MACD and signal lines close to the zero mark. If the MACD line, currently at -0.00000004, crosses above the signal line at -0.00000007, it could indicate that bullish momentum is picking up again.<\/p>\n

Meanwhile, the RSI is at 49.88, which suggests that the market is neither overbought nor oversold. This further supports the idea of consolidation and signals a break above the 50 midline level.<\/p>\n

The MAGA Hat price is in a neutral phase, consolidating after a strong bullish run. Key levels to watch include the support at $0.0001400 and the potential target price at $0.0002200. A break above the consolidation zone could lead to a strong upward move, while a failure to hold above the 0.0001600 area might trigger a retest of lower support levels.<\/p>\n

FreeDum Fighters Blasts Past $200K: Next Crypto To Explode?<\/h2>\n

As the MAGA Hat price rallies towards a bullish surge, new political meme coin FreeDum Fighters ($DUM)<\/a> has raised more than $206k in early funding just days after launching its presale.<\/p>\n

According to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM has the potential to surge 10X when it launches.<\/p>\n