MAGA Price Prediction: TRUMP Volume Surges 173% On Donald Trump Guilty Verdict As This Dogecoin Derivative Presale Goes Ballistic

The
MAGA
price
is
up
2.4%
in
the
past
24
hours
to
trade
for
$13.89
as
of
02:43
a.m.
EST
on
trading
volume
that
surged
173%.

It
comes
after
a
jury
found
Republican
presidential
candidate
Donald
Trump
guilty
on
34
felony
counts.
The
news
has
seen
the
TRUMP
price
recover
after
a
16%
dip
that
happened
in
the
immediate
aftermath
of
the
news.

A

#NewYork
jury
convicted
Former
US
Prez

#DonaldTrump
on
all
34
charges
in
his
hush-money
case
ahead
of
the
election
where
he
seeks
to
win.

Judge
Juan
Merchan
has
set
sentencing
for
July
11.#UnitedStates

pic.twitter.com/x9gFrhoYd1

—
Vibes
of
India
(@vibesofindia_)

May
31,
2024

The
case
revolved
around
Trump’s
so-called
hush
money
case,
after
allegations
that
he
had
falsified
business
documents
in
New
York.
This
is
the
first
time
a
former
US
president
has
been
convicted
of
a
crime.

Donald
Trump
Sentencing
To
Come
On
July
11,
MAGA
Price
Attempts
Recovery

Trump
was
found
guilty
of
falsifying
business
records
in
connection
to
a
hush
money
payment
his
former
lawyer
Michael
Cohen
made
to
adult
film
star
Stormy
Daniels.
This
happened
during
the
final
weeks
of
the
2016
presidential
election.

After
almost
10
hours
of
deliberations
running
into
Thursday
that
saw
the
Jury
find
Trump
guilty,
the
presidential
aspirant
will
be
sentenced
on
11
July.
This
will
be
only
four
days
before
the
Republican
National
Convention
to
nominate
the
presidential
election
candidate
ahead
of
the
November
presidential
poll.

With
this,
Trump
faces
penalties
from
a
fine
to
four
years
in
prison
on
each
count.
However,
there
is
speculation
that
he
would
be
sentenced
for
the
offences
concurrently,
not
consecutively.
While
he
appeals,
however,
he
is
expected
to
remain
free.

Commenting
about
the
Jury’s
decision,
Trump
said,
“This
was
a
disgrace,”
adding
that
it
was
a
rigged
trial.

With
the
presidential
election
in
sight,
polls
show
that
Trump
and
President
Joe
Biden
are
in
a
neck-and-neck
contest
headed
into
the
November
election.

In
the
immediate
aftermath
of
the
news,
the
market
capitalization
of
TRUMP
dipped
by
over
$130
million
as
the
MAGA
price
plunged, 
CoinGecko

data
shows,
sliding
from
$13.48
to
$11.27.
However,
the
MAGA
price
recovered
soon
after
and
was
trading
for
$13.89
at
press
time.

Ahead
of
the
ruling,
traders
had
front-run
the
news.
The
MAGA
price
had
already
started
to
trend
downward
two
hours
before
the
guilty
verdict.

Despite
the
ruling,
blockchain-powered
prediction
market
Polymarket
still
forecasts
a
Trump
victory
against
President
Biden.
The
current
reading
indicates
a
54%
win
odds
against
Biden’s
40%.

MAGA
Price
Prediction

The
MAGA
price
is
trading
with
a
bullish
bias
as
it
continues
to
defend
the
ascending
parallel
channel.
This
highly
bullish
technical
formation
promises
more
gains
as
long
as
the
price
remains
within
its
confines.

With
the
MAGA
price
still
well
within
the
channel
and
above
the
Fibonacci
Golden
Zone,
the
MAGA
price
could
extend
the
climb.
Traders
looking
to
take
new
long
positions
for
the
TRUMP
token
should
consider
waiting
for
a
candlestick
close
above
the
$18.34
range
high.

A
look
at
the
momentum
indicators
for
technical
analysis
shows
that
while
the
bears
are
gaining
ground,
the
market
still
favors
the
bulls.
Specifically,
the
Relative
Strength
Index
(RSI)
is
still
above
the
mean
level
of
50.

Similarly,
the
Moving
Average
Convergence
Divergence
(MACD)
is
not
only
in
positive
territory
but
also
above
the
orange
band
of
this
signal
line
and
its
histograms
are
flashing
green.
This
shows
that
bullish
momentum
still
abounds
in
the
TRUMP
market.

GeckoTerminal:
TRUMP/USD
1-day
chart

On
the
other
hand,
the
RSI
is
nose-diving
to
show
momentum
is
falling.
Similarly,
the
histograms
of
the
MACD
are
paling
out
suggesting
bullish
momentum
is
fading.
Increased
selling
pressure
could
plunge
the
MAGA
price
lower.
However,
the
bullish
thesis
would
only
be
negated
once
the
price
breaks
and
closes
below
the
38.2%
Fibonacci
retracement
level
of
$9.07.

With
the
MAGA
price
showing
massive
volatility
as
the
US
political
scene
heats
up,
consider
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Promising
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As
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