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Reading: MAGA Price Dips 35% Despite Analyst Predicting Trump’s Win[embed]https://www.youtube.com/watch?v=6bXrnOFw75U[/embed]
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Kriptoteka > Market > Blockchain > MAGA Price Dips 35% Despite Analyst Predicting Trump’s Win[embed]https://www.youtube.com/watch?v=6bXrnOFw75U[/embed]
Blockchain

MAGA Price Dips 35% Despite Analyst Predicting Trump’s Win[embed]https://www.youtube.com/watch?v=6bXrnOFw75U[/embed]

marcel.mihalic@gmail.com
Last updated: October 25, 2024 2:50 am
By marcel.mihalic@gmail.com 7 Min Read
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<div wp_automatic_readability="135.0922677063">

        <div class="telegrame_cta_content"><div class="wrap" wp_automatic_readability="5.3142857142857"><div class="telegrame_cta_content_inr" wp_automatic_readability="28.342857142857"><p>Join Our <u><a href="https://t.me/insidebitcoins" target="_blank" rel="noopener">Telegram </a></u>channel for the latest updates on breaking news coverage</p>
</div></div></div><p><span style="font-weight: 400;">The MAGA price has decreased by 35% over the last week, despite a 5% increase in the past 24 hours </span><a href="https://www.geckoterminal.com/eth/pools/0xe4b8583ccb95b25737c016ac88e539d0605949e8"><span style="font-weight: 400;">now trading at $3.31</span></a><span style="font-weight: 400;"> as of 03:22 a.m. EST, with trading volume down 27% to $9.9 million.</span></p>
<p><span style="font-weight: 400;">This decline follows comments from noted elections analyst Nate Silver, who has expressed a hunch that Republican candidate Donald Trump will emerge victorious against Kamala Harris in the presidential election next month.</span></p>
<h2>Bulls Eye MAGA Price for a Potential Recovery</h2>
<p><span style="font-weight: 400;">During October, MAGA had experienced a bullish uptrend, where price levels around $2.82 prompted bulls to elevate TRUMP within a rising channel pattern, based on data from </span><a href="https://www.geckoterminal.com/eth/pools/0xe4b8583ccb95b25737c016ac88e539d0605949e8"><span style="font-weight: 400;">GeckoTerminal</span></a><span style="font-weight: 400;">. However, the bulls faced resistance around $5.5, leading to a downward correction within a falling channel framework.</span></p>
<p><span style="font-weight: 400;">This downturn pushed the MAGA price below both the 50-day and 200-day Simple Moving Averages (SMAs).</span></p>
<p><span style="font-weight: 400;">Nevertheless, MAGA recently touched the upper limit of the falling channel, suggesting a potential price recovery driven by the bulls. This momentum is supported by the Relative Strength Index (RSI) which is now making a recovery from the 30-oversold level.</span></p>
<p><span style="font-weight: 400;">Additionally, the Moving Average Convergence Divergence (MACD) blue line is crossing above the orange line, indicating a bullish crossover.</span></p>
<figure id="attachment_591059" aria-describedby="caption-attachment-591059" style="width: 1167px" class="wp-caption alignnone"><picture decoding="async" class="size-full wp-image-591059">
<source type="image/webp" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58.png.webp 1167w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58-300x143.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58-1024x487.png.webp 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58-768x365.png.webp 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58-130x63.png.webp 130w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58-104x50.png.webp 104w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58-83x40.png.webp 83w" sizes="(max-width: 1167px) 100vw, 1167px"/>
<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58.png" alt="MAGA Price Chart Analysis Source: GeckoTerminal.com" width="1167" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58.png 1167w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58-300x143.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58-1024x487.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58-768x365.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58-130x63.png 130w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58-104x50.png 104w, https://insidebitcoins.com/wp-content/uploads/2024/10/Uniswap-V2-_GeckoTerminal.com_TRUMP_2024-10-24_10-22-58-83x40.png 83w" sizes="(max-width: 1167px) 100vw, 1167px"/>
</picture>
<figcaption id="caption-attachment-591059" class="wp-caption-text">TRUMPUSD Chart Analysis Source: GeckoTerminal.com</figcaption></figure>
<h2>MAGA Price Forecast</h2>
<p><span style="font-weight: 400;">Analyzing the TRUMP/USD chart on a 4-hour timeframe reveals that the MAGA price is gearing up for a bullish trend reversal. Key indicators, such as the RSI and MACD, suggest that bulls are poised for an upward movement.</span></p>
<p><span style="font-weight: 400;">If bulls manage to push MAGA above the immediate resistance levels at $3.48 and $4.18, TRUMP could rise significantly, aiming for $5.5.</span></p>
<p><span style="font-weight: 400;">Conversely, should the bears apply downward pressure at this juncture, the MAGA price could decline further, with the next potential support located at $2.5.</span></p>
<p><span style="font-weight: 400;">In the meantime, investors exploring opportunities in the PolitiFi sector of the crypto market might want to check out </span><span style="font-weight: 400;">FreeDum Fighters ($DUM)</span><span style="font-weight: 400;">, a promising new project that has successfully raised over $262k within a week of its launch.</span></p>
<p><span style="font-weight: 400;">As stated by analyst and YouTuber Jacob Bury, who boasts over 43k subscribers, DUM has the potential to increase tenfold upon launch.</span></p>
<noscript></noscript>
<h2><b>FreeDum Fighters: The Next Crypto to Skyrocket?</b></h2>
<p><span style="font-weight: 400;">FreeDum Fighters</span><span style="font-weight: 400;"> is a novel satirical meme coin that fuses humor, politics, and gamification to mock the US presidential election.</span></p>
<p><span style="font-weight: 400;">The project leverages the excitement surrounding the upcoming US elections, featuring two fictional candidates, MAGATRON and Kamacop 9000, vying for “mechanized dominance.”</span></p>
<p><span style="font-weight: 400;">The platform provides distinct engagement opportunities, including weekly debates and airdrops. During the $DUM presale, participants can join in on spirited community debates and formulate convincing arguments for their chosen side.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="12.365439093484">
<p lang="en" dir="ltr">Ready for this year's elections?</p>
<p>Get involved early by joining the <a href="https://twitter.com/Freedum_Fighter?ref_src=twsrc%5Etfw">@Freedum_Fighter</a> elections between MAGATRON and Kamacop 🦅</p>
<p>Cast your vote by participating in the <a href="https://twitter.com/search?q=%24DUM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DUM</a> presale and using their stake-to-vote system 🗳️</p>
<p>Be sure to follow this project, you will not regret it.🔥🔥 <a href="https://t.co/j452Rht1Lq">pic.twitter.com/j452Rht1Lq</a></p>
<p>— Red (@Redlion35) <a href="https://twitter.com/Redlion35/status/1847010460752925065?ref_src=twsrc%5Etfw">October 17, 2024</a></p></blockquote>

<p><span style="font-weight: 400;">Participating teams will be rewarded with airdrops, making political engagement a source of real rewards. As a $DUM holder, voters can support both candidates and witness the shifting dynamics of the election.</span></p>
<p><span style="font-weight: 400;">If your chosen candidate wins a debate or if significant favorable events unfold, you will earn airdropped rewards added to your staked balance. Only voters (those who staked) will qualify for these airdrop benefits.</span></p>
<p><span style="font-weight: 400;">Currently, supporting the actively patriotic Magatron offers an impressive annual yield of 408%, while the groundbreaking feminist Kamacop 9000 has a remarkable 1,767% return rate.</span></p>
<p><span style="font-weight: 400;">DUM will be accessible across multiple blockchain platforms, including Ethereum (ETH), Binance Smart Chain (BSC), Base, and Solana (SOL).</span></p>
<p><span style="font-weight: 400;">Visit the official FreeDum Fighters website to purchase $DUM tokens here</span><span style="font-weight: 400;"> using ETH, BNB, USDT, USDC, or SOL for just $0.00005 each. Make your purchase before the price increases shortly for the best value.</span></p>
<h2>News Highlights</h2>

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