MAGA (Trump) Price Prediction: Time to Buy as PolitiFi Coins Soar or Will DUM Pump Higher?
The post MAGA (Trump) Price Prediction: Time to Buy as PolitiFi Coins Soar or Will DUM Pump Higher? appeared first on Coinpedia Fintech News
Americans will go to the polls today to cast votes for their next president, and the Trump-themed meme coin MAGA (TRUMP) is thriving.
But how far can it go this week, and does it have a future once the election hype has died down?
MAGA (TRUMP) Could Rally, But Traders Should Prepare For Shock VolatilityThe world is watching the US elections, so Trumped-themed MAGA has a shot at big gains.
However, massive price swings in both directions are likely.
This is the first time we’ve had PolitiFi meme coins around an election, so traders are making hasty moves as new data is released, aiming to maximize gains and protect the downside.
If Harris wins—or it looks like Harris is going to win—Trump-themed tokens could suffer.
If Trump wins, a “blow off top” could well occur, but traders should not rule out a “sell the news” event.
The main issue for MAGA (TRUMP) is its hyperpartisan nature.
While this is an excellent community-build trait, it creates a strong divide and dependency on the election outcome, causing hyper-speculation and volatility.
This is evident on TRUMP’s price chart, with significant swings in both directions.
Nevertheless, sentiment remains high.
Crypto Love notes that TRUMP is trading inside an ascending triangle, and it will break to the upside in the coming days. Based on the analyst’s price chart, we could see TRUMP push beyond $15.
Send it $TRUMP pic.twitter.com/hxiIASh1Lx
— CryptoLove (@jerlo42430095) October 31, 2024However, other traders are even more bullish. Crypto General suggests that TRUMP is about to undergo its next macro rally, propelling it to highs of $54.
$TRUMP is bouncing from its support zone
With Trump leading the race of elections, a big pump in this coin is expected once Trump wins the elections.
Adding some in my portfolio will be holding till the end of the year with $55 as my target. pic.twitter.com/1qaZigfbxj
