The MAGA Hat price surged 25% in the last 24 hours to trade at $0.0002481 as of 00:26 a.m. EST on trading volume that skyrocketed 117% to $39.4 million.
This comes as Trump’s election odds on Polymarket reach 66.4%, with Kamala Harris languishing at 33.7%. The US election is now just 7 days away.
MAGA Hat Price Could Continue Soaring
The Maga Hat price is experiencing a strong uptrend, with a breakout above a consolidation pattern that appears to be a descending triangle. Descending triangles often signal bearish continuation, but when broken to the upside (as in this case), they can indicate a reversal to bullish momentum.
The $0.0001392 has allowed the bulls to push the price of MAGA Hat through a parabolic curve, which affirms the current bullish stance, according to data from GeckoTerminal.
MAGA now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the positive bullish momentum.
Moreover, the Relative Strength Index (RSI) is at 75.66, which is above the typical overbought threshold of 70. This high RSI indicates that the asset is currently overbought in the 4-hour timeframe, which could lead to a pullback or consolidation in the short term. However, in strong uptrends, the RSI can stay overbought for extended periods, so while this signals caution, it doesn’t necessarily mean a reversal is imminent.
The MACD line (orange) is above the signal line (blue), which is a bullish signal, showing upward momentum in price movement. The histogram bars are positive and expanding, reflecting increasing bullish momentum. This indicates that the price may continue its upward trend.
The MAGA/USD chart currently shows a bullish trend with strong momentum. If this momentum continues, the MAGA Hat price could keep soaring, as the bulls target $0.00035.
MAGAUSD Chart Analysis Source: GeckoTerminal.com
With the RSI now in oversold levels, the asset is currently overvalued, which may prompt the bears to start selling. In this scenario, the price of MAGA Hat could plunge back to $0.0001395 support (200-day SMA).
Meanwhile, investors eager to tap into the hype around PolitiFI tokens ahead of the US election might consider FreeDum Fighters ($DUM), which the 99Bitcoins YouTube channel, with over 706k subscribers, says is the next 100X meme coin.
Is DUM The Best Crypto To Buy Now?
FreeDum Fighters combines humor, politics, and gamification to parody the US presidential election, a recipe that’s already helped it raise $333K in its presale.
When investors buy DUM, they are invited to vote (stake) for either MAGATRON, a mechanized version of Donald Trump, or Kamacop 9000, representing Vice President Kamala Harris.
A new presale is here, just got my bags ⚔️@Freedum_Fighter is a satirical, gamified token project inspired by the ongoing U.S. presidential election, offering a humorous take on political events 🇺🇸
They're running a HUGE giveaway, so join in now 👇 https://t.co/RGjC7nsfNa
— Myth 🪁 (@mythsols) October 17, 2024
Voting for MAGATRON offers a huge 320% annual staking yield, while backing Kamacop 9000 brings a dazzling 1,305%. About 74% of token holders have voted (staked) for MAGATRON.
Available on multiple blockchain platforms, including Ethereum (ETH), Binance Smart Chain (BSC), Base, and Solana (SOL), FreeDum Fighters uses its native $DUM token to let holders vote for their favorite candidate, participate in debates, and stake tokens for rewards.
The platform offers additional entertainment via weekly debates, discussions, and quizzes to keep users entertained and engaged.
If this looks like something you don’t want to miss, visit the official FreeDum Fighters website to buy $DUM for $0.00006 per token using ETH, BNB, USDT, USDC, or SOL.
Act now before a price hike in about 3 days to secure the best deal.
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