- MAGA token surges 11% following Elon Musk's Trump endorsement, amid continued meme coin volatility.
- Regardless of a current decline of 8.76%, MAGA's buying and selling quantity is up 38.51%, reflecting excessive investor exercise.
- With an RSI of 45.43, MAGA is nearing oversold ranges, whereas MACD signifies potential bullish momentum.
Elon Musk's public endorsement of Donald Trump has resonated within the crypto neighborhood, pushing the MAGA token to the highest of the trending record.
As Santiment identified, this newfound consideration has boosted the token's worth by a modest 11% since its current low 5 hours in the past. Meme cash tied to the presidential candidate have proven appreciable volatility, particularly after final weekend's unexpected occasions.
On the time of writing, MAGA token is buying and selling at $6.46, down 8.76% within the final day. The market cap is $284,371,179, which can also be down 8.79%. Nevertheless, buying and selling quantity within the final 24 hours elevated by 38.51% to achieve $12,090,224. This improve in quantity suggests elevated buying and selling exercise, probably fueled by speculators and buyers reacting to current information.
Analyzing the value pattern, MAGA token is on a downward path from a excessive of round $7.10 to a present worth of $6.46. The $6.20 degree has acted as a dependable help degree, with the value retracing a number of occasions. Equally, the $6.40 degree additionally confirmed indicators of help, with the value bouncing again after reaching this level.
Conversely, resistance ranges at $6.80 and $7.00 are vital. The $6.80 degree was a notable resistance level the place the value tried to take care of an upward transfer and subsequently reversed. Moreover, the $7.00 restrict serves as a psychological barrier, it has been examined however not undoubtedly damaged.
MAGA/USD 1-day worth 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 1-day shifting common convergence divergence (MACD) buying and selling above the sign line suggests potential bullish momentum.
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