Kamala Horris (KAMA) is currently surpassing its Trump-themed competitors in the PolitiFi meme tokens arena today. Over the past 24 hours, KAMA has seen a price increase of 4.80%, whereas various Trump-related tokens continue to experience a double-digit decline over the last week.
This change showcases a growing interest from investors in politically humorous tokens associated with U.S. Vice President Kamala Harris. What makes this trend especially notable is its occurrence while Donald Trump remains ahead in the polls in the lead-up to the U.S. elections on November 5. Below is a comprehensive analysis of PolitiFi meme tokens KAMA, MAGA (TRUMP), and Donald Trump (TREMP) and their potential trajectories in the near future.
Kamala Horris (KAMA)
At the time of writing, KAMA’s price is at $0.0066. Previously, the meme coin’s price had fallen to $0.0057 while stuck in a descending triangle formation. For context, a descending triangle is a technical pattern characterized by a falling trendline producing lower highs and a horizontal support level.
If Kamala Horris had dropped below the support line, another correction could have taken place. Instead, it managed to break out of this downward trend. This breakout is further corroborated by an uptick in the Relative Strength Index (RSI), signaling a strengthening of bullish momentum.
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If the PolitiFi meme coin momentum continues to improve, KAMA’s price could reach $0.0079. Conversely, if Kamala Harris’s chances of winning the election keep declining, this forecast might be overturned. In such a case, KAMA could fall to $0.0054.
MAGA (TRUMP)
Unlike KAMA, MAGA—the Trump-themed meme coin with the largest market capitalization—has suffered a price decline. At the moment, TRUMP’s price is $3.30, marking a substantial drop of 35.60% over the past week.
Currently, the Moving Average Convergence Divergence (MACD) indicator is in the negative zone. Similar to the RSI, the MACD is a technical oscillator for measuring momentum. Thus, being in the negative region implies a bearish outlook for the meme coin.
Additionally, TRUMP’s value remains below the 20 and 50-period Exponential Moving Averages (EMA). Had the price been above these levels, the trend would have been bullish. However, the opposite is true, further aligning with the bearish MACD perspective.
In this scenario, TRUMP may decrease to $1.95. Conversely, the meme coin’s value could recover if momentum reverses and the price surpasses the EMAs. If that occurs, it could ascend to $5.20.
Donald Tremp (TREMP)
TREMP is another Trump-themed meme coin that has experienced a decline over the past week. As of now, its price is $0.30, which signifies an 18% drop from a week ago.
However, unlike other Trump PolitiFi meme tokens, TREMP shows potential for recovering some of those losses. One reason for this optimistic forecast is the recent increase in Bull Bear Power (BBP), which gauges the balance of buyers (bulls) against sellers (bears).
When BBP is negative, it indicates that bears are dominant. In this instance, while the BBP remains negative, it suggests that bulls are gaining strength. This is further supported by the Money Flow Index (MFI), which has begun to trend upward.
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If these indicators maintain or improve their current positions, TREMP’s price could rise to $0.37. However, if bears overpower bulls, the price may fall to $0.22.
Disclaimer
In accordance with the Trust Project guidelines, this price analysis article is intended for informational purposes only and should not be interpreted as financial or investment advice. BeInCrypto strives for accurate, impartial reporting, but market conditions may change without prior notice. Always perform your own research and consult with a professional before making any financial decisions. Please be aware that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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