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MAGA prices have traded up 18% over the past week, despite falling 12% in the past 24 hours. for $5.53 As of 6:25 PM EST.
Despite the decline, TRUMP is the top meme coin gainer on CoinMarketCap for 7 days after outperforming sector giants like DOGE, PEPE, and BOME.
The surge in popularity of presidential-themed meme coins comes after former President Donald Trump said his campaign would accept cryptocurrency donations.
Breaking News: Donald Trump is OK with Cryptocurrency pic.twitter.com/SCJDKdHQUB
— Frank (33.3%) (@frankdegods) May 9, 2024
“Can I contribute to the Trump campaign with cryptocurrency? “I am confident the answer is yes,” Trump said. “If you can’t, I’ll make sure you can.”
I asked Donald Trump how he plans to sustain cryptocurrency businesses in the United States.
I’m optimistic 🇺🇸 pic.twitter.com/rvuztPmQ8P
— Malcolm (33.3%) (@macdegods) May 9, 2024
MAGA price for bullish trend reversal
MAGA price shows a bullish trend reversal from a prolonged downtrend after reaching a high of $12.93. A strong support zone was formed, allowing the bulls to regroup and recover their losses.
The price reversal at the $4.12 support line and the bullish candle started the rally, pushing the price towards the April 6 resistance line.
TRUMPUSDT analysis. Source: Tradingview.com
Looking at technical indicators, we can see that the 50 simple moving average (SMA) is trading below the price, acting as immediate support for the MAGA price. If the price gains momentum, the price may rise above the 200 SMA, confirming the general momentum in the price.
The Relative Strength Index (RSI) has consolidated and recently dropped to 42. However, it showed an upward trend and rebounded to 61, crossing the midline of 50. As momentum increases, RSI will rise back into overbought territory.
The MAGA Price Bulls begin another Bull Rally.
The MAGA price bulls seem poised for another rally. The recent green candle at the $4.12 support zone supports MAGA’s current bullish rally. If the bulls maintain the momentum, they could push the price higher and regain the all-time high of $12.93 in the coming weeks.
Conversely, if the bears continue to call for a correction, the bulls may need to retreat to the $4.12 support zone. A slip below this area will force the bulls to seek refuge at $2.31.
What are the best 100X Meme Coin opportunities to buy today?
MAGA’s attempt to break out of the support zone is unconvincing and this may lead traders to explore other potential opportunities. One of them is probably Winner AIPresales have already raised over $1.5 million
Don’t be left out in the cold.
Buy while it’s hot
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— WienerAI (@WienerDogAI) May 8, 2024
Winner AI It is the latest addition to the vibrant world of dog-themed cryptocurrencies. However, armed with cutting-edge AI technology, it also serves as a trusted companion for cryptocurrency traders and investors. AI capabilities detect potential trading opportunities and help users make smart investment choices.
Harness the power of AI in your trading…and you’ll never look back.
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— WienerAI (@WienerDogAI) May 7, 2024
Investors can benefit from the project’s swap platform and MEV protection. And all of these features are free.
WienerAI also offers a staking option with a whopping Annual Percentage Yield (APY) of 637%. Staking returns decrease over time, so it is always wise to participate early.
How to Stake $ water Feeling. https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) May 9, 2024
The 99Bitcoins YouTube channel, which has over 700,000 subscribers, speculates that WAI could be the next 100x opportunity.
If you are interested, you can purchase WAI tokens for $0.000706 using the simple widget included on the official website. But don’t wait too long, as the price increase is expected within 3 days.
Buy WAI here using ETH, USDT, BNB or bank card
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