{"id":595566,"date":"2024-11-07T08:13:47","date_gmt":"2024-11-07T08:13:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=595566"},"modified":"2024-11-07T08:13:47","modified_gmt":"2024-11-07T08:13:47","slug":"maga-price-prediction-trump-plunges-63-despite-us-election-win-but-traders-flock-to-this-politifi-ico-with-726-staking-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/maga-price-prediction-trump-plunges-63-despite-us-election-win-but-traders-flock-to-this-politifi-ico-with-726-staking-apy","title":{"rendered":"MAGA Price Prediction: TRUMP Plunges 63% Despite US Election Win, But Traders Flock To This PolitiFi ICO With 726% Staking APY"},"content":{"rendered":"

The MAGA price plunged 63% in the last 24 hours <\/span>to trade at $1.65<\/span><\/a> as of 00:13 a.m. EST on trading volume that skyrocketed 122% to $84.7 million.<\/span><\/p>\n

This comes as major PolitiFi tokens take a hammering, plunging 23% to a market capitalization of $520 million in the aftermath of Donald Trump’s win in the US election.<\/span><\/p>\n

Against the expectations of many, tokens related to Trump slumped, with MAGA Hat dropping 54%, TREMP taking a 63% hit, and STRUMP 67.5%, according to <\/span>CoinGecko<\/span><\/a>. <\/span><\/p>\n

MAGA Price Poised For A Bullish Trend Reversal<\/h2>\n

Just before the election results were finalized, the MAGA price rallied. It climbed to the upper boundary of the falling channel pattern as the bulls were looking for a breakout. However, the price of MAGA has now breached the lower boundary of the channel. Still, according to data from <\/span>GeckoTerminal<\/span><\/a>, TRUMP seems to be finding support at this level within the $1.60 support.<\/span><\/p>\n

The recent significant correction has pushed the price of MAGA below both the 50-day and 200-day Simple Moving Averages (SMAs), which indicates a dramatic bearish trend.<\/span><\/p>\n

Moreover, the Relative Strength Index (RSI) has dropped below the 30-oversold level, which shows that TRUMP is now under intense selling pressure and undervalued.<\/span><\/p>\n

If the bears push the price of MAGA towards a sustained bearish trend, TRUMP could retreat to the $1.5 mark, which now acts as a cushion against downward pressure.<\/span><\/p>\n

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

Meanwhile, the RSI now shows that the asset is undervalued, which may be a buying signal for the bulls. In such a scenario, if investors take more buying positions, TRUMP could soar towards the upper boundary of the falling channel at $3.44, which is also within the 50-day SMA.<\/span><\/p>\n

As the MAGA price slumps, investors continue to buy new PolitiFi token<\/span> FreeDum Fighters ($DUM)<\/span><\/a>, which is closing on $500k in its presale.<\/span><\/p>\n

FreeDum Fighters Soars Past $445K<\/h2>\n

FreeDum Fighters<\/span><\/a> takes a satirical look at the US election, combining humor and gamification to bring the blockchain version of the showdown between Donald Trump and Kamala Harris that was decided on Nov. 5 in Trump’s favor. <\/span><\/p>\n

The project invites participants to vote and see who will emerge as the new world leader: MAGATRON, a mechanized version of Donald Trump, or Kamacop 9000, representing Harris.<\/span><\/p>\n

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A new presale is here, just got my bags ⚔️@Freedum_Fighter<\/a> is a satirical, gamified token project inspired by the ongoing U.S. presidential election, offering a humorous take on political events 🇺🇸<\/p>\n

They're running a HUGE giveaway, so join in now 👇 https:\/\/t.co\/RGjC7nsfNa<\/a><\/p>\n

— Myth (@mythdyor) October 17, 2024<\/a><\/p><\/blockquote>\n