MAGA price continues to decline in recent days, but there is a noticeable improvement on the daily chart. If there is a break in the head and shoulders formation, the price may increase by 200%. MAGA (TRUMP), the leading Donald Trump-themed memecoin project by market cap, erased all of its gains following an assassination attempt on the former US president on July 13. Technical data shows significant upside potential, especially as optimism grows with Trump's upcoming fundraiser at the Bitcoin conference in Nashville on July 27.
On July 19, the MAGA price fell 7.20% to $6.21; This was nearly the same price as before the Trump assassination rally a week ago. A decline to pre-rally levels may indicate that the market's reaction to the event is temporary and speculative. However, the recent pump and dump movements in MAGA price appear to be part of an inverse head and shoulders (IH&S) pattern. This technical formation is reflected on the chart by drawing three grooves, the middle part (head) of which is deeper than the others (shoulders). As of July 19, memecoin had halfway formed the right shoulder of the formation and was awaiting a rise towards neckline resistance near $9.50. Generally, the IH&S pattern resolves when the price breaks above resistance and rises by the maximum distance between the head and neckline.
MAGA may initially target neckline resistance at $9.50 by the end of July, coinciding with Trump's planned appearance at Bitcoin 2024, one of the largest US cryptocurrency conferences. This raises the possibility of an inverse head and shoulders (IH&S) breakout for MAGA, setting the stage for further price gains towards $20.30 in the days leading up to the US presidential election in November.
Therefore, this development represents a potential increase of 200% from current levels. But conversely, a decline below the shoulder low near $6.38 could put the entire bullish setup at risk of being invalidated and pull MAGA’s price down 15% from current levels towards its local bottom target of around $4.50.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET THE CONFIRMATION I SAID ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
