MAGA Price Prediction: TRUMP Dumps 35% In A Week As Top Analyst Nate Silver Says Trump Will Win, And This New PolitiFi ICO Blasts Past $250K
The MAGA price has plunged 35% in a week even after climbing 5% in the last 24 hours to trade at $3.31 as of 03:22 a.m. EST on trading volume that plunged 27% to $9.9 million.
This comes as prominent US elections analyst Nate Silver says that his “gut” tells him Republican candidate Donald Trump will win the presidential election against Kamala Harris next month.
MAGA Price Bulls Looking For A Likely Bullish Trend Reversal
The MAGA price has been in a bullish rally in October, as the bulls took charge of the price around $2.82 to drive TRUMP through a rising channel pattern, according to data from GeckoTerminal . The bulls, however, encountered some resistance around $5.5, which pushed the price to a correction within a falling channel pattern.
This recent downtrend led the price of MAGA to trade below both the 50-day and 200-day Simple Moving Averages (SMAs).
However, the MAGA price has touched the upper boundary of the falling channel, which is an indication that the bulls may be pushing the price towards a price recovery. This push is evident with the Relative Strength Index (RSI) now recovering from the 30-oversold level.
The Moving Average Convergence Divergence (MACD) blue line is also crossing above the orange line, representing a bullish crossover.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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