- Amid continued volatility in meme cash, the MAGA token surged 11% following Elon Musk’s endorsement of Trump.
- Regardless of a latest 8.76% drop, MAGA's buying and selling quantity surged 38.51%, reflecting strong investor exercise.
- With the RSI at 45.43, MAGA is approaching oversold ranges, whereas the MACD is hinting at potential bullish momentum.
Elon Musk's public assist for Donald Trump has despatched ripples all through the crypto group, propelling MAGA Token to the highest of trending lists.
As highlighted by Santiment, this new consideration has precipitated the token’s value to rise by simply 11% from its low 5 hours earlier. Meme cash linked to presidential candidates have proven vital volatility, particularly after the surprising occasions of final weekend.
On the time of writing, the MAGA token is buying and selling at $6.46, down 8.76% over the previous day. Its market cap is $284,371,179, additionally down 8.79%. Nevertheless, buying and selling quantity has surged 38.51% to $12,090,224 prior to now 24 hours. This surge in buying and selling quantity suggests elevated buying and selling exercise from speculators and traders reacting to the latest information.
Analyzing the value development, MAGA token has been on a downward development from a excessive of round $7.10 to the present value of $6.46. The $6.20 degree acts as a dependable assist degree from which the value has bounced again a number of occasions. Equally, the $6.40 degree additionally exhibits indicators of assist and the value has bounced again after reaching this degree.
Conversely, the resistance ranges at $6.80 and $7.00 are vital. The $6.80 degree was a notable resistance level the place the value struggled to maintain the upside after which reversed. Moreover, the $7.00 degree acted as a psychological barrier that was examined however not breached decisively.
MAGA/USD 1-day value chart, supply: Buying and selling view
The token’s one-day relative energy index (RSI) of 45.43 suggests it’s approaching oversold territory, moreover, the one-day shifting common convergence divergence (MACD) indicator is above its sign line, pointing to potential bullish momentum.
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