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- MAGA token surged 11% after Elon Musk’s Trump assist, amid ongoing meme coin volatility.
- Regardless of a current 8.76% drop, MAGA’s buying and selling quantity surged 38.51%, reflecting excessive investor exercise.
- With an RSI of 45.43, MAGA is nearing oversold ranges, whereas the MACD hints at potential bullish momentum.
Elon Musk’s public assist for Donald Trump has reverberated by way of the crypto group, propelling the MAGA token to the highest of trending lists.
As highlighted by Santiment, this newfound consideration has boosted the token’s value by a modest 11% since its current low 5 hours in the past. Meme cash tied to the presidential candidate have exhibited vital volatility, particularly following final weekend’s unexpected occasions.
On the time of writing, the MAGA token is buying and selling at $6.46, down 8.76% over the previous day. The market cap is $284,371,179, additionally down 8.79%. Nevertheless, buying and selling quantity over the past 24 hours has surged by 38.51%, reaching $12,090,224. This spike in quantity suggests heightened buying and selling exercise, probably fueled by speculators and traders reacting to current information.
Analyzing the worth pattern, the MAGA token has been on a downward path from a excessive of roughly $7.10 to its present value of $6.46. The $6.20 stage has acted as a dependable assist stage, with the worth bouncing again a number of instances. Equally, the $6.40 stage has additionally proven indicators of assist, with the worth rebounding after reaching this level.
Conversely, resistance ranges at $6.80 and $7.00 are important. The $6.80 stage has been a notable resistance level, the place the worth struggled to take care of upward motion and subsequently reversed. Furthermore, the $7.00 mark serves as a psychological barrier, having been examined however not decisively damaged.
MAGA/USD 1-day value chart, Supply: Buying and selling view
The token’s 1-day Relative Energy Index (RSI) studying of 45.43 suggests it’s nearing oversold territory. Moreover, the 1-day Transferring Common Convergence Divergence (MACD) indicator buying and selling above the sign line signifies potential bullish momentum.
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