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The MAGA worth dropped 4% within the final 24 hours to commerce at $3.71 as of 00:21 a.m. EST on buying and selling quantity that plunged 15% to $9.6 million.
This comes as Donald Trump took to his social media platforms to remind voters of his marketing campaign guarantees on crypto. In a Reality Social put up on October 31, Trump known as on his roughly 8 million followers to vote for him within the 2024 election, claiming he would have all Bitcoin “made within the USA” if elected.
MAGA Value At present Bearish – May TRUMP Get better?
The present MAGA worth motion is sideways with a barely bearish tilt because of the latest downward worth motion from the excessive round mid-October.
After a robust uptrend within the earlier a part of October, costs appear to have encountered resistance round $5.5 and are actually consolidating in a descending channel, which frequently signifies a brief corrective section in an total pattern, in keeping with information from GeckoTerminal.
The continued downtrend has resulted within the worth of MAGA buying and selling under each the 50-day and 200-day Easy Transferring Averages (SMAs), confirming the bearish stance.
The Relative Energy Index (RSI) is at 46.76, which is under the midpoint (50). This means that momentum is considerably weak however not but in oversold territory, which is usually thought-about under 30. The RSI suggests a impartial to barely bearish sentiment within the quick time period. If RSI begins trending upwards and crosses 50, it might point out a possible reversal or bullish momentum.
If the bears maintain the present pattern, the value of MAGA might plunge additional to the $3.0 assist stage.
Nonetheless, if the bulls immediate a bullish pattern reversal, the TRUMP worth might soar again to the $4.75 resistance stage.
In the meantime, buyers are piling into a brand new PolitiFi undertaking known as FreeDum Fighters ($DUM), with its presale blasting previous $383k in funds raised since its launch slightly greater than two weeks in the past.
In line with analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM can probably surge 10X when it launches.
FreeDum Fighters: The Subsequent Crypto To Explode?
FreeDum Fighters is a political-themed meme coin designed round a futuristic world the place customers interact with two distinct candidates: MAGATRON, a strong robotic entity, and ”hunter of injustice” KAMACOP.
When buyers purchase DUM, they will select to vote (stake) for one of many candidates. Proper now, the passionately patriotic Magatron gives an annual staking yield of 298%, whereas the trailblazing feminist Kamacop 9000 boasts a stratospheric 908% return.
Prepared for this 12 months’s elections?
Become involved early by becoming a member of the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Forged your vote by collaborating within the $DUM presale and utilizing their stake-to-vote system 🗳️
You should definitely observe this undertaking, you’ll not remorse it.🔥🔥 pic.twitter.com/j452Rht1Lq
— Pink (@Redlion35) October 17, 2024
$DUM holders have alternative ways to again their chosen champion, together with at full of life debates, and earn substantial rewards in return.
DUM will likely be obtainable on a number of blockchain platforms, together with Ethereum (ETH), Binance Good Chain (BSC), Base, and Solana (SOL).
You should purchase DUM utilizing ETH, BNB, USDT, USDC, or SOL for $0.00006 per token. Purchase earlier than a worth hike in lower than 8 hours for one of the best deal.
Go to the official FreeDum Fighters web site to purchase $DUM tokens right here.
Associated Information
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
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