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MAGA price dropped 23% in the past 24 hours, trading at $2.646 as of 11:05 PM EST, with trading volume surging 53% to $15.3 million, according to data from
CoinGecko
.
This comes as polls show the US presidential election is a tight race between Vice President Kamala Harris and Donald Trump.
In the latest poll, Harris has a narrow lead over her Republican opponent, 48% to 47%, but such a lead barely covers the margin of error of the polls.
Polls show Harris with a slight edge, but Trump has a big chance — and with battleground states so close, anything could change the outcome. The race is becoming unpredictable as early voting increases and big questions emerge. Get ready for an unpredictable election night
#Election2024
https://t.co/kVoKrNFbLs
— Paul ◉ (@ybarrap)
November 2, 2024
MAGA Price Poised for Bullish Trend Reversal
From late September to mid-October, MAGA price surged from the support level of $1.69 to the resistance level of $5.44 (dashed line), as shown on the 6-hour time frame of the TRUMP/USDT chart analysis.
Subsequently, the resistance level allowed the bears to take control of the price, which caused the TRUMP price to plummet in a descending channel pattern, as indicated by the green spinning rectangle.
MAGA price is currently trading below the 50-day and 200-day Simple Moving Averages (SMAs) due to the downtrend. The SMAs are now acting as immediate resistance at $3.65 and $3.365 respectively.
The relative strength index (RSI) is now below the oversold level of 30, indicating that the asset is facing strong selling pressure. However, an RSI below 30 also suggests that the asset is now undervalued, which could serve as a buy signal for investors.
If the current bearish trend persists, MAGA price could fall back to the support range of $2.313.
MAGA/USDT chart analysis (Source: Tradingview)
However, the undervalued RSI could prompt the bulls to increase buying, thereby promoting a bull trend reversal towards the resistance level of $5.44.
Meanwhile, investors seeking other opportunities may look to
FreeDum Fighters ($DUM)
, a new project that raised over $410k in presale.
According to analyst and YouTuber Jacob Bury, DUM has the potential to skyrocket 10x when it launches, with over 43k subscribers.
A promising alternative to MAGA
FreeDum Fighters
is a novel memecoin project that takes advantage of the heat of the US election. The project responds to the current political ecology in a satirical way, with blockchain candidates inspired by Trump and Harris.
This project laid the foundation for the final showdown between MAGATRON and Kamacop 9000.
The name MAGATRON comes from the acronym "Make America Great Again" and was inspired by Donald Trump.
Kamacop 9000, or Kamacop for short, is described as a champion of social justice.
? Patriots needed ?
Ready to choose sides in the showdown of the century - MAGATRON vs. Kamacop 9000? ?
Here is your task:
?? focus on
@Freedum_Fighter
, like and comment on our pinned tweets.
?? Post a tweet, choose which side you support, Magatron or Kamacop, @who do you think will...
pic.twitter.com/zJ5z7w837J
— FreeDum Fighters (@Freedum_Fighter)
October 17, 2024
When investors buy DUM, they are asked to vote (stake) for either the patriotic Magatron or the groundbreaking feminist Kamacop.
Those who vote (stake) in support of MAGATRON can receive an annual staking income of 288%, while those who vote (stake) in support of the groundbreaking feminist Kamacop 9000 can receive a return of up to 813%.
Staking rewards show that DUM investors support Trump at 68%, while support for Harris is only 32%.
Are you ready for this year's election?
By attending
@Freedum_Fighter
Early participation in the elections between MAGATRON and Kamacop?
By participating in the $DUM presale and using their staking voting system ?️
Be sure to give this project a look, you won't regret it. ??
pic.twitter.com/j452Rht1Lq
— Red (@Redlion35)
October 17, 2024
During the $DUM presale, token holders can also participate in lively community debates and formulate persuasive arguments for the candidates of their choice.
If the selected candidate wins a debate or a major favorable event occurs, they will receive an airdrop reward that is added to their staked balance. Only those who voted (staked) can receive these rewards.
Visit the official FreeDum Fighters website and buy $DUM token here at 0.000065 for $ using ETH, BNB, USDT, USDC or SOL. Buy in a little over two days to get the best deal.
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