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The MAGA worth slumped 23% within the final 24 hours to commerce at $2.646 as of 11:05 p.m. EST on buying and selling quantity that surged 53% to $15.3 million, in line with information from CoinGecko.
This comes as opinion polls present the US presidential election is an a particularly shut race between Vice President Kamala Harris and Donald Trump.
Harris has a one-point benefit, 48% to 47%, over her Republican opponent in one of many newest polls, however such a lead barely even covers the margin for polling error.
Polls present Harris barely forward, however Trump’s bought an actual shot—battleground states are deadlocked, and something might tip the scales. With early votes piling up and large points on the road, it is anybody’s race. Buckle up for an unpredictable Election Night time. #Election2024 https://t.co/kVoKrNFbLs
— P a u l ◉ (@ybarrap) November 2, 2024
MAGA Value Gearing Up In the direction of A Bullish Development Reversal
From the tip of September to mid-October, the MAGA worth went via a surge from the $1.69 assist to the $5.44 resistance (dotted line), as proven by the TRUMP/USDT chart evaluation on the 6-hour timeframe.
The resistance degree then allowed the bears to take management of the worth. This made TRUMP worth to plunge via a falling channel sample, as proven by a inexperienced rotated rectangle.
Because of the downward pattern, the worth of MAGA now trades under each the 50-day and 200-day Easy Transferring Averages (SMAs). The SMAs now act because the rapid resistance ranges at $3.65 and $3.365, respectively.
The Relative Power Index (RSI) is now under the 30-oversold degree, a sign that the asset is underneath intense promoting strain. Nonetheless, the RSI being under 30 can be a sign that the asset is now undervalued, which can act as a shopping for sign for traders.
If the present bearish pattern continues, the worth of MAGA might fall again to the $2.313 assist zone.
MAGA/USDT Chart Evaluation (Supply: Tradingview)
Nonetheless, the undervalued RSI might push the bulls to purchase extra, which might immediate a bullish pattern reversal to the $5.44 resistance.
In the meantime, traders in search of different alternatives within the PolitiFi phase of the crypto market may check out FreeDum Fighters ($DUM), a brand new venture that has blasted previous $410k in funds raised in presale.
In response to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM has the potential to surge 10X when it launches.
A Promising Various To MAGA
FreeDum Fighters is a novel meme coin venture that’s capitalizing on hype across the US election. The venture incorporates a satirical strategy to the present political ecosystem, with its personal blockchain candidates impressed by Trump and Harris.
The venture units the stage for the last word showdown between MAGATRON and Kamacop 9000. MAGATRON, whose identify is derived from the “Make America Nice Once more” acronym, is impressed by Donald Trump. Kamacop 9000, or just Kamacop, is described as an advocate for social justice.
🚨 PATRIOTS NEEDED 🚨
Prepared to choose sides within the showdown of the century—MAGATRON vs. Kamacop 9000? 🤖
Right here’s your mission:
🇺🇸 Observe @Freedum_Fighter, like & remark our pinned tweet.
🇺🇸 Submit a tweet which aspect you select Magatron or Kamacop, tag associates that you simply suppose will… pic.twitter.com/zJ5z7w837J— FreeDum Fighters (@Freedum_Fighter) October 17, 2024
When traders purchase DUM, they’re requested to vote (stake) for both the passionately patriotic Magatron or the trailblazing feminist Kamacop
Those that vote (stake) for MAGATRON are provided an annual staking yield of 288%, whereas those that vote (stake) for the trailblazing feminist Kamacop 9000 are provided a stratospheric 813% return.
The staking rewards present that DUM traders favor Trump by 68% to solely 32% for Harris.
Prepared for this yr’s elections?
Get entangled early by becoming a member of the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Forged your vote by taking part within the $DUM presale and utilizing their stake-to-vote system 🗳️
You’ll want to observe this venture, you’ll not remorse it.🔥🔥 pic.twitter.com/j452Rht1Lq
— Pink (@Redlion35) October 17, 2024
Through the $DUM presale, token holders can even take part in full of life neighborhood debates, crafting persuasive arguments for his or her chosen candidate.
If a selected candidate wins a debate or important favorable occasions come up, they are going to obtain airdropped rewards added to their staked steadiness. Solely those that have voted (staked) will qualify for these rewards.
Go to the official FreeDum Fighters web site to purchase $DUM tokens right here utilizing ETH, BNB, USDT, USDC, or SOL for $0.000065 every. Purchase earlier than a worth hike in a bit greater than two days for the very best deal.
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