Is It Too Late To Buy TRUMP? MAGA Price Pumps 5% And This Might Be The Next Crypto To Explode

Bitget App

common_footer.down_desc

Insidebitcoin2024/10/18 11:40

coin_news.by:Insidebitcoin

The MAGA price surged 5% in the last 24 hours to trade at $5.065 as of 00:36 a.m. EST on trading volume that skyrocketed 37% to $17 million.

MAGA Price Aims For A Continued Rally

According to data from GeckoTerminal , the MAGA price has been in a continued surge along the rising channel pattern as the bulls capitalized on the $2.77 support to the rally. This suggests a continuation of the upward movement as long as it stays within the channel.

The price of MAGA now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the current bullish momentum.

The Relative Strength Index (RSI) is at 64.11, which is close to overbought territory (above 70). This indicates increasing buying pressure, but it’s not yet at a critical overbought level. An RSI reading in this range suggests that the price may continue upward, but traders should be cautious of a potential pullback if it crosses overbought territory.

If the current bullish trend sustains, the price of MAGA could still surge, as the bulls target $7.

TRUMPUSD Chart Analysis Source: GeckoTerminal.com

On the downside, the RSI soaring could be a sign that TRUMP will soon become overvalued. In such a scenario, the MAGA price may plunge back to the $3.1 support within the 200-day SMA.

Meanwhile, investors seeking opportunities in the PolitiFi segment of the crypto market might want to consider FreeDum Fighters ($DUM) , a new project that blasted past $100k in funds raised in just an hour after its launch.

MAGA And TREMP Both 100X – Is DUM Next?

FreeDum Fighters , a new satirical blockchain project, is shaking up the crypto space by combining humor, politics, and gamification to parody the US presidential election. With $101K already raised in its presale, demand is growing rapidly.

The project taps into the buzz surrounding the upcoming US elections, featuring two fictional candidates, MAGATRON and Kamacop 9000, locked in a battle for “mechanized supremacy.”

Available on multiple blockchain platforms, including Ethereum (ETH), Binance Smart Chain (BSC), Base, and Solana (SOL), FreeDum Fighters uses its native $DUM token to let holders vote for their favorite candidate, participate in debates, and stake tokens for rewards.

This unique Vote-to-Earn model mirrors real-world political engagement while offering financial incentives for active community participation. To keep holders engaged, the platform provides weekly debates, discussions, and quizzes. By participating, users can influence the outcome of mock elections.

Investors can also stake $DUM tokens for a huge 861% annual return.

The project is also running a giveaway in which five lucky winners can win 1K USDT each by interacting with its social media page.

Visit the official FreeDum Fighters website to buy $DUM tokens here using ETH, BNB, USDT, USDC, or SOL.