The MAGA Hat price has pumped 18% in the last 24 hours to trade at $0.00006777 as of 3:25 a.m. EST on a 48% jump in trading volume to $15 million.
MAGA Hat Price May Surge Above The Resistance Zone
The MAGA/USD pair on the 4-hour timeframe shows a price currently trading at $0.00006777, reflecting a modest 1.02% increase in the last 4 hours. The support zone between $0.00005500 and $0.00005962 has acted as a strong base where buyers stepped in to prevent further declines.
On the upside, the immediate resistance lies at $0.00007000. A breakout above this level could confirm a bullish rally.
The moving averages indicate mixed trends. The price trades above the 50-period moving average at $0.00005962, signaling short-term bullish momentum. However, it remains below the 200-period moving average at $0.00009626, indicating that the long-term trend is still bearish. A sustained breakout above the 200 MA would indicate a significant trend reversal.
MAGAUSD Analysis Source: Dextools.io
The MACD (Moving Average Convergence Divergence) indicator shows a bullish crossover, with the MACD line rising above the signal line, a classic signal of growing upward momentum. The histogram accompanying the MACD also prints positive bars that are increasing in size, further reinforcing the narrative of strengthening buying pressure.
Meanwhile, the RSI (Relative Strength Index), currently at 62.54, supports bullish momentum. Positioned above the neutral 50 level, the RSI shows buyers have gained market control. However, since it remains below the overbought threshold of 70, there is still ample room for the MAGA Hat price to climb further before reaching levels that might trigger a corrective pullback.
MAGA Hat Price Prediction
The price action also shows a consolidation phase within a clearly defined support zone between $0.00005500 and $0.00005962. If the momentum holds, breaking above the key resistance at $0.00007000 could pave the way for a significant rally. The next upside targets would likely include $0.00008500.
On the flip side, the $0.00007000 resistance level is a critical barrier that the price must overcome. Failing to breach this level could result in the price retracing back to the support zone. The support zone around $0.00005962 has proven to be a strong area where buyers have consistently entered the market to prevent further declines.
FreeDum Fighters Surges Past $700K – Only 5 Days Left
As the MAGA Hat price readies for another bullish surge, investors are also piling into new PolitiFi meme coin FreeDum Fighters ($DUM) as its presale surges past $700k in funds raised.
Influential YouTube channel 99Bitcoins, with over 710K subscribers, says DUM could soar 100X after launch.
FreeDum Fighters (DUM) soared in popularity during the final weeks of the US presidential race, becoming a go-to hub for resolving the political rivalries making headlines.
Although the highly anticipated event ended with pro-crypto Trump scoring the victory, the political slugfest is still alive on-chain.
FreeDum Fighters is expanding its ecosystem by introducing new characters. Dogecoin, in the form of Dark Maga (aka Elon Musk) has joined to support Magatron, otherwise known as Donald Trump, while Pepe is getting behind Kamacop 9000 and Sleepy Joe, aka Kamala Harris and Joe Biden.
Congrats $DUM fam!
We reached $700k raised 🥳 pic.twitter.com/8UqHJega8L
— FreeDum Fighters (@Freedum_Fighter) December 2, 2024
The staking APY that investors will unlock depends on which of the project’s fictitious political characters they back in the ultimate on-chain battle for supremacy.
To start earning passive rewards, investors must stake DUM tokens in the staking pool belonging to their chosen character. Magatron offers his backers up to 231% in annual rewards, while Kamacop offers her defeated supporters a much higher 349% staking APY.
It is what it is. Facts.$DUM pic.twitter.com/wQsdAuu49Z
— FreeDum Fighters (@Freedum_Fighter) December 1, 2024
Currently, $DUM tokens are priced at $0.000113 each. Buy before a price hike in about 9 hours to lock in the best deal.
Buy DUM on the official website here using ETH, BNB, BASE, SOL, USDT or USDC.
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