Move over, PolitiFi meme coins – FreeDum Fighters is changing the game with utility.
PolitiFi meme coins, which are cryptocurrencies with a political theme, have seen a surge in demand ahead of the 2024 US presidential election.
One of the standout performers is MAGA coin, which has surged by 19% today. But with the election on the horizon, how high can it climb in the coming weeks?
According to traders, we could see more gains before the election, especially if Trump wins.
MAGA Coin Surges 19% In A Day, But Where Next In Trump Coin Rally?
MAGA coin holds a unique position in the crypto market, thanks to its ticker symbol, which is synonymous with both of Trump’s presidential campaigns.
In fact, it holds so much weight in the political sphere that Trump even replied to MAGA’s tweet on 0x earlier this month.
The entire $MAGA Army is geared up and ready to vote for @realDonaldTrump on November 5th!
A vote for TRUMP is a vote to Make America Great Again! ?? https://t.co/yiRMgefSKw
Moreover, MAGA coin has outperformed the largest Trump-themed meme coin, which carries the ticker symbol TRUMP, over the past day.
At the same time, its price chart has started to show signs of a more substantial upcoming rally.
Currently, MAGA coin is changing hands for $0.0002762, up 19% today, 74% this week, and 280% this month. It boasts a market cap of $107 million and a 24-hour trading volume of $38 million, which is up 20% today.
Davie Satoshi observed that MAGA has broken above several resistance levels, which indicates strong momentum and suggests the uptrend will continue.
The analyst’s price chart suggests that MAGA could soar to $0.0004 in the coming days.
The $MAGA chart is ahead of its peers.
Stoch RSI already indicating its launching.
We should see a series of green candles if we break thru the resistance.
(Not financial advice) pic.twitter.com/A4jYVLjYmz
And on a lower time frame, analyst 0xAndr0meda highlights that it has broken above a wedge chart pattern, which reflects a resurgence in momentum and adds confluence to Davie Satoshi’s prediction.
Looks like $MAGA has broken out of the consolidation pattern but as of yet has not broken above the first major Resistance level as seen on the chart.
break cleanly above that and its clear skies up to .00026 pic.twitter.com/YwZlwrDwj4
Meanwhile, Thunder Capital has responded to a tweet that MAGA coin is the top trending token on Binance, which suggests it will explode in the coming days.
The analyst’s price target for MAGA coin is its previous highs around $0.0007.
$MAGA non-stop to the ?
CA: 0xd29da236dd4aac627346e1bba06a619e8c22d7c5
Chart: https://t.co/7r6PGfLron
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