MAGA Price Prediction: TRUMP Soars 23% After FOMC Cuts Interest Rates, But Investors Flock To This New PolitiFi Token Offering 720% Staking APY

The
MAGA
price
soared
23%
in
the
last
24
hours


to
trade
at
$2.07

as
of
11:33
p.m.
EST
on
trading
volume
that
plunged
68%
to
$25.5
million.

This
comes
after
the
Federal
Reserve
cut
interest
rates
by
25
basis
points
to
a
target
range
of
4.50%-4.75%.

MAGA
Price
Poised
For
A
Bullish
Trend
Reversal

The
MAGA
price
appears
to
be
moving
within
a
descending
channel,
indicated
by
the
two
downward-sloping
trend
lines.
This
pattern
is
typically
bearish,
showing
that
the
price
is
consistently
making
lower
highs
and
lower
lows.

However,
descending
channels
can
sometimes
lead
to
bullish
reversals
if
there
is
a
breakout
above
the
upper
trendline,
although
that
would
require
strong
buying
pressure.

TRUMP
has
found
support
on
the
lower
boundary
of
the
channel
around
$1.82,
which
could
suggest
a
bullish
trend
reversal,
according
to
data
from


GeckoTerminal.

As
a
result
of
the
falling
channel
pattern,
the
MAGA
price
has
been
trading
below
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs).

The
Relative
Strength
Index
(RSI)
is
at
35.53,
which
is
near
the
oversold
territory
(below
30).
While
it
isn’t
technically
oversold,
it’s
approaching
that
level,
which
could
indicate
a
weakening
of
selling
pressure.
However,
RSI
in
a
downtrend
often
hovers
around
these
lower
levels,
so
it
doesn’t
necessarily
indicate
a
reversal
by
itself.

If
the
bearish
trend
continues,
the
price
of
MAGA
could
plunge
further
down
to
the
$1.5
support
zone.

Meanwhile,
the
oversold
RSI
and
the
bounce
from
the
lower
boundary
of
the
channel
suggests
a
looming
bullish
reversal
pattern.
In
this
scenario,
TRUMP
could
soar
towards
the
upper
boundary
of
the
channel,
and
around
the
200-day
SMA
at
$3.34.

Meanwhile,
investors
are
also
buying
into
another
PolitiFi
project
called FreeDum
Fighters
($DUM),
which
has
soared
past
$450k
in
funds
raised
in
its
presale.

According
to
analyst
and
YouTuber
Jacob
Bury,
with
over
43k
subscribers,
DUM
can
surge
10X
when
it
launches.

Will
FreeDum
Fighters
Be
The
Next
Crypto
To
Explode?

FreeDum
Fighters

combines
humor,
politics,
and
gamification
to
parody
the
US
presidential
election.

When
investors
buy
DUM,
they
are
invited
to
vote
(stake)
for
either
MAGATRON,
a
mechanized
version
of
Donald
Trump,
or
Kamacop
9000,
representing
defeated
rival
Kamala
Harris.

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
????️

Be
sure
to
follow
this
project,
you
will
not
regret
it.????????

pic.twitter.com/j452Rht1Lq

—
Red
(@Redlion35)

October
17,
2024

Voting
for
MAGATRON
offers
a
huge
270%
annual
staking
yield,
while
backing
Kamacop
9000
brings
a
dazzling
720%.
About
66%
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
also
keeps
holders
engaged
with

weekly
debates
and
quizzes. 

Visit
the
official
FreeDum
Fighters
website
to
buy
$DUM
tokens
here

using
ETH,
BNB,
USDT,
USDC,
or
SOL
for
$0.00007
apiece.

If
you
are
interested,
buy
before
a
price
hike
in
less
than
32
hours.

Related
News