The post These Altcoins Will See A 10x Rally If Trump Wins The Election! appeared first on Coinpedia Fintech News
The Trump vs Harris battle is on the verge of concluding as the U.S. election week has begun. Following this, the altcoin market and Trump-based tokens are closely watching the market as the decision could impact these segments on a great level.
With only a few days remaining until the next U.S. presidential election, will Trump-based altcoins record massive growth in their numbers if Donald Trump wins this election? In this article, we have covered the short-term analysis of the top Trump-influenced tokens.
MAGA (TRUMP)
Despite recording a correction of ~16% over the past week, the TRUMP price has surged over 10x this year. This makes it one of the best performers of this year. Notably, with a market capitalization of $131.70 million, it has secured the 296th position.
The Relative Strength Index (RSI) has recorded a sharp decline in its price chart with its average trendline recording a similar action. However, a trend reversal could result in a sharp uptrend.
If the favors support Trump, the MAGA token could record a meteoric rise and head toward its upper high of $9 during the upcoming weeks. Conversely, a bearish action could pull the price toward its crucial support trendline of $1.50.
Also, read Ethereum (ETH) Price Prediction!
MAGA (MAGA)
The MAGA price has experienced a strong bullish recovery by adding ~7% in the past 24 hours. However, with an intraday trading volume of $31.52 million, it has secured the 516th position with a market cap of $57.58 million.
The Moving Average Convergence Divergence (MACD) has declined in the red histogram with its averages recording a neutral trend. With EMA 50-day supporting the price chart, the MAGA price hints at a mixed sentiment.
Maintaining the price above its support level of $0.0001844 could set the stage for MAGA crypto to head toward its upper resistance level of $0.000350. On the contrary, a bearish action could push the price toward its low of $0.0000112.
Super Trump Coin (STRUMP)
The Super Trump coin has dropped 19.74% in the past 24 hours and 35.71% over the past week. However, it has added 1,412.5% since inception. This suggests a positive outlook for the altcoin in the long-term perspective.
The Simple Moving Average (SMA) constantly acts as a resistance to the price chart in the 1D time frame. This highlights an increase in the selling pressure for the altcoin in the cryptocurrency market.
Suppose, a bullish reversal occurs, this could result in the STRUMP price retesting its upper resistance level of $0.009850. On the flip side, if the bearish sentiment intensifies, this could result in it plunging toward its low of $0.003625.
Also, read Solana (SOL) Price Prediction!
