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Cryptocurrency News Articles
MAGA Price Prediction: TRUMP/USD Could Soar 50% to Hit $4.5 After Breaking Key Resistance Levels
Sep 27, 2024 at 10:55 pm
The MAGA price rose 32% in the last 24 hours to trade at $3.01 as of 03:20 a.m. EST on trading volume that surged 60% to $9.5 million.
The MAGA price continued to rise on Monday, soaring 32% in the last 24 hours to trade at $3.01 as of 03:20 a.m. EST. The trading volume also surged 60% to $9.5 million.
The price of MAGA has been on a downtrend in the past few weeks, making lower highs and lower lows until recently. However, it now shows signs of a bullish reversal, marked by the price breakout from the downtrend and a steep upward movement.
TRUMP plunged from the $2.9 resistance zone from September 10 to September 23, settling on the $1.59 support zone, data from GeckoTerminal shows.
The price has broken above both the 50-day and 200-day Simple Moving Averages (SMAs), which usually signals a shift to a more bullish momentum.
Moreover, the Relative Strength Index (RSI) indicates that the asset is in overbought territory. Although this shows bullish solid momentum, it can also suggest a possible pullback or consolidation in the short term.
The Moving Average Convergence Divergence (MACD) lines (blue and orange) are in positive territory, with the MACD line (blue) above the signal line (orange), which is a bullish crossover. This confirms the upward momentum.
The TRUMP/USD chart shows a clear shift towards a bullish trend, with the price breaking key resistance levels (both SMAs), strong buying volume, and a bullish MACD. This setup looks strong for a potential continuation to higher levels.
If the momentum continues, the Maga price could soar even higher, as the bulls target $4.5.
However, caution is needed as the RSI indicates possible short-term overbought conditions. In such a scenario, the price of MAGA could plunge back to the $2.0 support zone.
Meanwhile, investors might want to consider diversifying into a new meme coin casino project called Memebet Casino (MEMEBET Token), which has just crossed the 300K mark in its presale.
YouTube channel Cryptonews, with over 10k subscribers, says that $MEMEBET Token could soar 100x after it launches.
Memebet Casino Raises Over $300K – Best Crypto To Buy Now?
Memebet Casino ($MEMEBET Token) offers a unique platform that allows meme coins like Dogecoin, Shiba Inu, and Pepe to be used to place bets.
Bro's asking the right questions 🧐#MemeBet #Presale & #Airdrop soon ⏰
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— MemeBet (@Memebetcasino) May 19, 2024
One of the most exciting features of the Memebet Casino is its play-to-earn initiative. Users who bet with $MEMEBET tokens can earn rewards, ensuring they have the potential to benefit even if their bets don’t go as planned.
The more tokens wagered, the larger the rewards, creating a compelling incentive for users to stay engaged.
Early investors also stand to gain from an ongoing airdrop campaign.
Not the casino we deserve but the casino we need 🎰 #MemeBet #Presale & #Airdrop coming soon! 🚀 #Memecoins, #Crypto gaming and more! 🎮🏆 $COIN $DOG $PEPE #SOL #RNDR pic.twitter.com/oR2xja6JFK
— MemeBet (@Memebetcasino) May 23, 2024
Those who purchase tokens during the presale and actively use them in the casino will have a chance to receive additional $MEMEBET tokens, adding another layer of value to the investment.
To join the presale, you can buy $MEMEBET Token on the official website for $0.0254 using USDT, ETH, or a bank card. With a price hike coming in less than 2 days, buy soon to lock in the best deal.
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