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The MAGA worth soared 18% previously week, even after falling 12% within the final 24 hours, to commerce at $5.53 as of 6:25 p.m. EST.
Regardless of the drop, TRUMP is the highest meme coin gainer on CoinMarketCap on the 7-day timeframe after outperforming sector titans like DOGE, PEPE and BOME.
The surge in reputation of presidential-themed meme cash follows feedback by former president Donald Trump on Wednesday that stated his marketing campaign would settle for donations in cryptocurrencies.
BREAKING: DONALD TRUMP IS FINE WITH CRYPTO pic.twitter.com/SCJDKdHQUB
— Frank (33.3%) (@frankdegods) Could 9, 2024
“Can we contribute to the Trump marketing campaign with crypto? I’m assured the reply is sure,” Trump stated. “In the event you can’t, I’ll be sure you can.”
i requested donald trump how he’s going to maintain crypto companies in america.
sounds bullish 🇺🇸 pic.twitter.com/rvuztPmQ8P
— Malcolm (33.3%) (@macdegods) Could 9, 2024
MAGA Worth On A Bullish Development Reversal
The MAGA worth exhibits a bullish pattern reversal from a protracted interval of decline since reaching a excessive of $12.93. It has fashioned a robust help zone, enabling the bulls to regroup and start recovering their losses.
The worth reversal bullish candle on the $4.12 help stage has initiated a rally upwards, pushing the value to the April 6 resistance stage.
TRUMPUSDT Evaluation. Supply: Tradingview.com
Wanting on the technical indicators, we see that the 50 easy transferring common (SMA) is buying and selling beneath the value, performing as speedy help for the MAGA worth. If the value will increase momentum, it may push the value above the 200 SMA, confirming the overall momentum for the value.
The Relative Energy Index (RSI) has consolidated, just lately dropping to 42. Nevertheless, it has shot upwards, bouncing previous the 50 midline stage to 61. Elevated momentum ought to see the RSI climb again into the overbought zone.
MAGA Worth Bulls Provoke One other Bull Rally
The MAGA worth bulls appear prepared for one more upward surge. The latest inexperienced candle from the $4.12 help zone helps the present bull rally for MAGA. If the bulls maintain the momentum, they may drive the value up, reclaiming its all-time excessive at $12.93 within the weeks forward.
Within the converse case, if the bears preserve pushing for a correction, the bulls might need to retreat to the $4.12 help zone. A slip beneath this zone will power the bulls to hunt haven at $2.31.
The Finest 100X Meme Coin Alternative To Purchase Immediately?
MAGA’s try to interrupt out of the help zone isn’t convincing, which could lead merchants to discover different potential alternatives. Considered one of them may be WienerAI, a presale that’s already raised over $1.5 million
Do not be disregarded within the chilly.
GET IT WHILE IT’S HOT
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 pic.twitter.com/I69IUJanLC
— WienerAI (@WienerDogAI) Could 8, 2024
WienerAI is the most recent addition to the full of life world of canine-themed cryptocurrencies. But it surely is also armed with superior AI know-how, and acts as a trusted companion for crypto merchants and buyers. Its AI capabilities detect potential buying and selling alternatives, and thus help customers in making wiser funding decisions.
When you harness the ability of AI in your buying and selling…you will by no means look again.
🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/VCHlvuoDON
— WienerAI (@WienerDogAI) Could 7, 2024
Traders can profit from the mission’s swap platform in addition to its MEV safety. And all of those options are free.
WienerAI additionally gives a staking possibility with a whopping 637% annual share yield (APY). Staking yields decline over time so it’s at all times smart to get in early.
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) Could 9, 2024
The 99Bitcoins YouTube channel, which has greater than 700k subscribers, speculates that WAI may very well be the subsequent 100x alternative.
If , you should purchase WAI tokens for $0.000706 with the straightforward widget embedded on the official web site. However don’t wait round too lengthy as a result of a worth hike is coming in lower than three days.
Purchase WAI right here utilizing ETH, USDT, BNB or a financial institution card
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