MAGA Coin, also known as TRUMP, is inspired by the “Make America Great Again” slogan of former US President Donald Trump. The token aims to combine political finance (PoliFi) with traditional cryptocurrency principles, targeting supporters of Trump and conservatives.

Starting from the second week of May, Trumpcoin entered a strong rally, with the price rebounding from the $4.12 support level. The reversal pushed the asset up 256%, and it is currently trading at $14.7 with a market capitalization of $637.4 million.  

During this rally, buyers have recently decisively broken through the angle resistance trendline and the $10.5 horizontal barrier. Sustaining this breakout will provide buyers with appropriate support to lead a higher rally with targets at $22 and then $25.