The Kamala Horris Price Plummets 14% Despite Polymarket Record As Investors Flock To This New Meme Coin For Its 4,419% APY
The Kamala Horris price plunged 14% in the last 24 hours to trade at $0.01220 as of 00:43 a.m. EST on trading volume that fell 8% to $5.5 million.
This comes despite Polymarket’s record showing that Kamala Harris’ odds of winning the election are higher than Trump’s.
Kamara Horris Price Aims For A Breakout
According to GeckoTerminal data, the Kamala Horris price fell dramatically on July 26 from the $0.035 resistance to find support at $0.01. KAMA has been fluctuating within this range, within a sideways pattern, as the bulls aim for a breakout above.
However, the price of Kamara Horris trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the price falling to the lower boundary of the sideways pattern.
The Relative Strength Index (RSI) is falling towards the oversold region, currently at 38. This shows that the asset is currently under intense selling pressure and that KAMA is highly undervalued.
The token being undervalued acts as a significant buying signal, which could prompt the bulls to push the token over the pattern, as they target $0.025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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