{"id":598761,"date":"2024-11-15T07:45:38","date_gmt":"2024-11-15T07:45:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=598761"},"modified":"2024-11-15T11:08:06","modified_gmt":"2024-11-15T11:08:06","slug":"maga-price-prediction-trump-plunges-5-as-investors-flock-to-this-new-politifi-token-for-its-610-staking-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/maga-price-prediction-trump-plunges-5-as-investors-flock-to-this-new-politifi-token-for-its-610-staking-apy","title":{"rendered":"MAGA Price Prediction: TRUMP Drops 5% As Investors Flock To This New PolitiFi Token For Its 610% Staking APY"},"content":{"rendered":"

The MAGA price dropped 5% in the last 24 hours <\/span>to trade at $1.32<\/span><\/a> as of 11:24 p.m. EST on trading volumes that plummeted 18% to $6.2 million.<\/span><\/p>\n

MAGA Price On A Bearish Trend<\/h2>\n

According to the TRUMP\/USD chart analysis on <\/span>GeckoTerminal<\/span><\/a>, the MAGA price on the daily time frame indicates a bearish trend. <\/span><\/p>\n

Prices are currently below both the 50-day and 200-day Simple Moving Averages (SMAs), with a descending channel pattern that suggests continued downward pressure.<\/span><\/p>\n

This is generally a bearish signal, although descending patterns can sometimes signal a potential reversal if the asset’s price breaks above the upper boundary of the pattern.<\/span><\/p>\n

The Relative Strength Index (RSI) is at 32.67, which is close to the oversold level of 30. An RSI below 30 is considered oversold and could indicate that the asset is due for a short-term bounce. <\/span><\/p>\n

However, at this level (just above oversold), it suggests that there may still be selling pressure. However, the asset could be nearing a point where it’s attractive to buyers seeking to profit from a potential reversal.<\/span><\/p>\n

If this momentum continues, the price of MAGA<\/a> could plunge further down, with $1.0 possibly acting as the immediate support zone.<\/span><\/p>\n

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

If buyers take charge at this level, it may lead to a bullish trend reversal, which could push the MAGA<\/a> price back to the $5.50 resistance along the 200-day SMA.<\/span><\/p>\n

Meanwhile, investors are buying into a new PolitiFi project, <\/span>FreeDum Fighters (DUM)<\/span><\/a>, with its presale blasting past $504k in funds raised since its launch.<\/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