Kamala Harris and Donald Trump Fan-Themed Memecoins Experience Contrasting Price Movements Ahead of Upcoming US Presidential Debate

The Kamala Harris and Donald Trump fan-themed memecoins have experienced contrasting price movements ahead of the upcoming U.S. presidential debate.

CoinChapter, a crypto media platform, reports on the contrasting price movements of Kamala Harris and Donald Trump fan-themed memecoins ahead of the upcoming U.S. presidential debate.

For instance, a Vice President Kamala Harris-inspired memecoin spiked nearly 10% after recent remarks by Russian President Vladimir Putin drove increased attention and speculation around the token.

Meanwhile, MAGA, linked to Donald Trump’s campaign slogan, saw a 4% decline in value over the past day. Both tokens have shown heightened volatility recently as political events influence trading behavior, although neither is officially affiliated with their respective political figures.

Depending on how it turns out, the upcoming U.S. presidential debate could decide the price direction for both tokens.

Here’s a quick rundown of how the major Kamala Harris and Donald Trump memecoins fared on Sept. 10.

Kamala Harris Tokens Waiting For Cues

Several tokens are available in the memecoin segment that aims to support or capitalize on the popularity of Vice President Kamala Harris. However, most tokens, including the HARRIS and KAMALA tokens, did not show much volatility ahead of the debate.

For instance, the HARRIS token price remained largely flat over the past day, with the token failing to move above the $0.0008 mark. The Solana-based memecoin has a supply of 1 trillion HARRIS tokens and claims to support VP Harris’s quest to become the first woman US president.

Another token, KAMALA, presented a bearish outlook, with the price dropping to $0.0013 after nearly breaching the $0.0015 price level.

On a possibly unrelated note, a memecoin called KRAZY KAMALA painted a massive 35% rally on Sept. 10, going from $0.0006 to a daily high near $0.00081.

The project’s website was down at the time of writing. On CoinMarketCap, it claims that “the unpredictable and extreme character of Kamala” inspired the project.

Though it does not state any affiliation or support for VP Harris, a spike in the price of a token named KRAZY KAMALA on the eve of a debate might indicate public opinion.

Donald Trump Meme Token’s Price Remained Bearish

Meanwhile, the Donald Trump themed memecoin, MAGA, has seen better days recently. However, the memecoin boasts one of the highest price tags in the segment, which suggests a strong buyer community.

However, the MAGA USDT pair has formed a bearish pattern called the ‘bear pennant.’

A bear pennant is a continuation pattern that typically forms after a steep price decline, indicating the potential for further bearish price action. It consists of two converging trendlines that connect lower highs and higher lows, creating a pennant shape.

After a period of consolidation within the pennant, the price tends to break out from the pattern, accompanied by a surge in trading volume. This breakout confirms the bearish continuation.

To determine the price target for a bear pennant, traders measure the height of the flagpole, which is the steep price decline before the pennant formation, and apply it to the breakout point.

If this pattern plays out for the MAGA token, the projected downside target could be around $1.18, representing a drop of nearly 65% from its current price levels.

On Sept. 10, the Donald Trump-themed token’s price action seemed indecisive, with long wicks on both sides of an awfully thin candle. Yet, a blunder by Kamala Harris could lend MAGA coin price the impetus needed to target the resistance near $3.7 and $4.17.

Conversely, if support for Vice President Kamala Harris rises, it could trickle into the crypto sector. The resulting sell-off could force the MAGA USDT pair prices to test the support levels near $3.1 and $2.8 before recovering.

The RSI remained neutral, with a score of 48.31 on the daily charts.

The Cousins From Alabama Join The Party

Like Kamala Harris, Donald Trump has inspired multiple memecoins, projects with various names and tickers. For instance, MAGAA, a memecoin that supports the simple yet annoyingly confusing goal of making America great again one more time. The memecoin spiked nearly 13% on Sept. 10 to trade above $0.008.

Another memecoin, which did not bother to spare much thought to the naming process (or did it?) is the Donald Trump (TRUMP) coin. However, the token had quite a mixed day on Sept. 10 as TRUMP price rose over 61% to a daily high near $0.0029 before dropping to $0.0024.

Most of the memecoins have remained more or less impassive in the run up to the debate, suggesting