The MAGA price has plummeted 23% in the last 24 hours to trade at $4.03 as of 7:35 p.m. EST on a 17% drop in trading volume to $18 million.
This decline coincided with Detroit, Michigan-born rapper Lizzo publicly showing her support for Kamala Harris during a rally in Detroit. Lizzo mentioned that she had voted early and urged the crowd to do the same, describing early voting as “a power move.”
JUST IN: @lizzo Rallies Detroit for Kamala Harris, Declares "It's About Damn Time" for a Woman President, Says Harris Will Make America "Proud and Resilient Like Detroit," Urges Michigan Voters to "Put Some Respect on Detroit's Name" and Make Their Voices Heard. WATCH pic.twitter.com/I2BLA9CWl0
— Simon Ateba (@simonateba) October 20, 2024
MAGA Price Signals A Bullish Reversal Above The Double Bottom Pattern
As the MAGA Trump price indicates is currently trading around $3.99, with a potential double-bottom pattern forming near the $3.95 level. This double bottom is a classic bullish reversal signal, suggesting strong support at this price. If the price continues to respect this support, we could see an upward move, potentially developing into a parabolic rise, targeting resistance levels above $4.50 or higher.
The 50-period SMA (blue) is trending downward at approximately $4.61, and the 200-period SMA (green) is near $4.62. If the 50-period SMA crosses above the 200-period SMA, this would be a bullish signal known as a “Golden Cross,” which often precedes a price increase. Such a crossover could propel the price back towards resistance at $4.50 – $4.60.
TRUMPUSD Analysis Source: Dextools.io
The MACD shows that bearish momentum is still present, with the MACD line below the signal line. However, the histogram indicates that the selling pressure is weakening, and if the MACD line crosses the signal line from below, it could signal a buy. Key price points to watch for would be if the asset breaks above $4.05, which would confirm a shift in momentum.
The RSI is currently at 42, just below the neutral 50 mark, indicating the asset is still in slightly bearish territory. However, it’s not oversold, which means there’s room for a potential bounce. If the price starts to move upward, RSI breaking above 50 could confirm increased buying momentum.
If the $3.95 support holds and we see bullish confirmation from indicators, the price could target $4.05, $4.50, and potentially $4.60. However, if the price breaks below $3.95, more selling pressure might emerge, pushing the asset down toward the $3.80 or even $3.50 range.
FreeDum Fighters ($DUM) Presale Heads For $200K Raised
As the MAGA price dumps, so new political meme coin FreeDum Fighters ($DUM) is pumping in presale with more than $146K raised.
FreeDum Fighters offers a unique mix of humor, politics, and gamification along with a satirical take on the upcoming US presidential election.
FreeDum Fighters brings the ultimate showdown between two mechanized political figureheads: MAGATRON and Kamacop 9000, which battle for supremacy.
Central to the project is a unique staking pool that rewards participants based on the political candidates they support.
Right now, the passionately patriotic Magatron offers an an annual staking yield of 655%, while the trailblazing feminist Kamacop 9000 boasts an out-of-this world 3,983% APY.
$DUM, the primary currency for entering the FreeDum Fighters ecosystem, powers debate rewards and staking. This token enables users to vote, earn rewards, and engage in various activities within the project.
When users invest in the presale, they are prompted to vote (stake) their $DUM tokens for one of the candidates.
If their chosen candidate wins a debate or significant favorable events arise, they will receive airdropped rewards added to their staked balance. Only those who have voted (staked) will qualify for these rewards.
🚨 PATRIOTS NEEDED 🚨
Ready to pick sides in the showdown of the century—MAGATRON vs. Kamacop 9000? 🤖
Here’s your mission:
🇺🇸 Follow @Freedum_Fighter, like & comment our pinned tweet.
🇺🇸 Post a tweet which side you choose Magatron or Kamacop, tag friends that you think will… pic.twitter.com/zJ5z7w837J
— FreeDum Fighters (@Freedum_Fighter) October 17, 2024
The Vote-to-Earn model incentivizes users to engage in debates, discussions, and quizzes, allowing them to earn more rewards the more they participate. Weekly events also give users the chance to impact the outcomes of mock elections.
Ready for this year's elections? 🇺🇸
Get involved early by joining the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅.
Cast your vote by participating in the $DUM presale and using their stake-to-vote system 🗳️.
Don't miss out—join the fun and make your voice heard! pic.twitter.com/l44HZKgOGG
— Diamond (@Diamondweb_3) October 17, 2024
According to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM has the potential to surge 10X when it launches.
In addition, the project is hosting a giveaway for five lucky winners who will each receive 1K USDT simply by engaging with its social media channels.
To participate, you can purchase $DUM tokens at $0.00005 using ETH, BNB, USDT, USDC, or SOL.
Buy $DUM on the official website here.
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