{"id":593744,"date":"2024-11-01T08:12:27","date_gmt":"2024-11-01T08:12:27","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=593744"},"modified":"2024-11-01T08:12:27","modified_gmt":"2024-11-01T08:12:27","slug":"maga-price-prediction-trump-tumbles-4-as-traders-flock-to-this-new-political-meme-coin-offering-908-staking-apy-ahead-of-us-election","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/maga-price-prediction-trump-tumbles-4-as-traders-flock-to-this-new-political-meme-coin-offering-908-staking-apy-ahead-of-us-election","title":{"rendered":"MAGA Price Prediction: TRUMP Tumbles 4% As Traders Flock To This New Political Meme Coin Offering 908% Staking APY Ahead Of US Election"},"content":{"rendered":"

The MAGA price dropped 4% in the last 24 hours <\/span>to trade at $3.71<\/span><\/a> as of 00:21 a.m. EST on trading volume that plunged 15% to $9.6 million.<\/span><\/p>\n

This comes as Donald Trump took to his social media platforms to remind voters of his campaign promises on crypto. In a<\/span> Truth Social post<\/span><\/a> on October 31, Trump called on his roughly 8 million followers to vote for him in the 2024 election, claiming he would have all Bitcoin “made in the USA” if elected.<\/span><\/p>\n

MAGA Price Currently Bearish – Could TRUMP Recover?<\/h2>\n

The current MAGA price action is sideways with a slightly bearish tilt due to the recent downward price movement from the high around mid-October.<\/span><\/p>\n

After a strong uptrend in the earlier part of October, prices seem to have encountered resistance around $5.5 and are now consolidating in a descending channel, which often indicates a temporary corrective phase in an overall trend, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

The continued downtrend has resulted in the price of MAGA trading below both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the bearish stance.<\/span><\/p>\n

The Relative Strength Index (RSI) is at 46.76, which is below the midpoint (50). This indicates that momentum is somewhat weak but not yet in oversold territory, which is generally considered below 30. The RSI suggests a neutral to slightly bearish sentiment in the short term. If RSI starts trending upwards and crosses 50, it could indicate a potential reversal or bullish momentum.<\/span><\/p>\n

If the bears sustain the current trend, the price of MAGA could plunge further to the $3.0 support level.<\/span><\/p>\n

\"MAGA
TRUMPUSD Chart Analysis Source: GeckoTerminal.com<\/figcaption><\/figure>\n

However, if the bulls prompt a bullish trend reversal, the TRUMP price could soar back to the $4.75 resistance level.<\/span><\/p>\n

Meanwhile, investors are piling into a new PolitiFi project called <\/span>FreeDum Fighters ($DUM)<\/span><\/a>, with its presale blasting past $383k in funds raised since its launch a little more than two weeks ago.<\/span><\/p>\n

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