MAGA Price Prediction: TRUMP Surges 22% Ahead Of Tomorrow’s US Election, But Experts Say This Political Meme Coin Might Be The Best Crypto To Buy Now
The MAGA price surged 22% in the last 24 hours to trade at $3.32 as of 00:27 a.m. EST on trading volume that plunged 14% to $14 million.
This comes ahead of the US election tomorrow, November 5. Polymarket data shows investors are betting on Trump, with his chance of winning rising a fraction to 56.2%.
But according to an ABC poll , Harris has the edge with 48% against Trump at 47%, as the race remains tighter than ever.
MAGA Price Aims For A Bullish Trend Reversal
The TRUMP/USD chart shows a mixed trend with recent signs of bearishness. After a bullish movement that peaked in October, the MAGA price has generally been in a downtrend from the $5.40 resistance, as highlighted by the descending channel pattern marked by white trend lines, according to data from GeckoTerminal .
The downtrend has resulted in the price of MAGA trading below both the 50-day and 200-day Simple Moving Averages (SMAs). Meanwhile, the 50-day SMA crosses above the 200-day SMA, forming a golden cross around $3.93, which suggests that TRUMP could still be gearing up toward a bullish rally.
The RSI is currently at 43.56, below the neutral 50 level, suggesting mild bearish momentum. However, the RSI seems to be rebounding, which may suggest that the price may be picking up momentum.
Despite the recent downtrend, the price of MAGA seems to be rebounding, as TRUMP now closes in on the upper boundary of the descending channel. If the bulls stage a bullish trend reversal, the MAGA price could rebound above the channel, as the bulls target the $5.0 resistance zone, having breached the immediate resistances at $3.4 and $4.02 (200-day SMA and 50-day SMA).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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