MAGA Worth Prediction: TRUMP Soars 23% After FOMC Cuts Curiosity Charges, However Traders Flock To This New PolitiFi Token Providing 720% Staking APY

The MAGA worth soared 23% within the final 24 hours to commerce at $2.07 as of 11:33 p.m. EST on buying and selling quantity that plunged 68% to $25.5 million.

This comes after the Federal Reserve minimize rates of interest by 25 foundation factors to a goal vary of 4.50%-4.75%.

MAGA Worth Poised For A Bullish Development Reversal

The MAGA worth seems to be transferring inside a descending channel, indicated by the 2 downward-sloping pattern traces. This sample is usually bearish, displaying that the worth is constantly making decrease highs and decrease lows.

Nevertheless, descending channels can typically result in bullish reversals if there’s a breakout above the higher trendline, though that will require robust shopping for strain.

TRUMP has discovered assist on the decrease boundary of the channel round $1.82, which might recommend a bullish pattern reversal, in keeping with knowledge from GeckoTerminal.

On account of the falling channel sample, the MAGA worth has been buying and selling under each the 50-day and 200-day Easy Shifting Averages (SMAs).

The Relative Power Index (RSI) is at 35.53, which is close to the oversold territory (under 30). Whereas it isn’t technically oversold, it’s approaching that degree, which might point out a weakening of promoting strain. Nevertheless, RSI in a downtrend typically hovers round these decrease ranges, so it doesn’t essentially point out a reversal by itself.

If the bearish pattern continues, the worth of MAGA might plunge additional all the way down to the $1.5 assist zone.

In the meantime, the oversold RSI and the bounce from the decrease boundary of the channel suggests a looming bullish reversal sample. On this state of affairs, TRUMP might soar in the direction of the higher boundary of the channel, and across the 200-day SMA at $3.34.

In the meantime, buyers are additionally shopping for into one other PolitiFi mission referred to as FreeDum Fighters ($DUM), which has soared previous $450k in funds raised in its presale.

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

Will FreeDum Fighters Be The Subsequent Crypto To Explode?

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

When buyers purchase DUM, they’re invited to vote (stake) for both MAGATRON, a mechanized model of Donald Trump, or Kamacop 9000, representing defeated rival Kamala Harris.

Prepared for this yr’s elections?

Get entangled early by becoming a member of the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅

Solid your vote by collaborating within the $DUM presale and utilizing their stake-to-vote system 🗳️

You’ll want to comply with this mission, you’ll not remorse it.🔥🔥 pic.twitter.com/j452Rht1Lq

— Purple (@Redlion35) October 17, 2024

Voting for MAGATRON provides an enormous 270% annual staking yield, whereas backing Kamacop 9000 brings a blinding 720%. About 66% of token holders have voted (staked) for MAGATRON. 

Accessible on a number of blockchain platforms, together with Ethereum (ETH), Binance Good Chain (BSC), Base, and Solana (SOL), FreeDum Fighters additionally retains holders engaged with weekly debates and quizzes. 

Go to the official FreeDum Fighters web site to purchase $DUM tokens right here utilizing ETH, BNB, USDT, USDC, or SOL for $0.00007 apiece.

If you’re , purchase earlier than a worth hike in lower than 32 hours.

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