MAGA

MAGA (magamemecoin.com)

<p>With only 13 days remaining for the U.S. Presidential elections, the Political meme category has recorded a significant increase in the buying and selling pressure. Moreover, the uncertainty is heading toward a new high as investors are paying more attention to the election.</p>  
<p>Considering the current market sentiments, is this a crucial time to hold, buy, or sell these memecoins as they have an uncertain future post-election? In this article, we have covered the short-term price analysis of the top 3 PolitiFi memecoins!</p>  
<h2 class="wp-block-heading" id="h-constitutiondao-people">ConstitutionDAO (PEOPLE)</h2>  
<p>Amid increased price volatility, the ConstitutionDAO price has recorded a correction of ~5% over the past week. Notably, this memecoin has surged 528.16% this year and has secured the 143rd position with a market cap of $406.52 million.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/23192231/image-104-204-1024x539.png" alt="ConstitutionalDAO Price Analysis 23rd October 2024" class="wp-image-371069">
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  TradingView: PEOPLE/USDT
 </figcaption>
</figure>  
<p>The technical indicators EMA 50/200-day and RSI have both recorded a neutral price action, suggesting weak buying-and-selling pressure for this meme coin in the market.</p>  
<p>If the bulls regain momentum, the PEOPLE price will retest its important resistance level of $0.090. Conversely, a bearish action could pull the price toward its support level of $0.06275.</p>  
<h2 class="wp-block-heading" id="h-maga-trump">MAGA (TRUMP)</h2>  
<p>With a drop of 30.86% over the past month, the MAGA price has failed to breach its important resistance level of $6. Following this, it has fallen significantly since this week started. Notably, this is one of the best-performing meme coins in the PolitiFi category.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/23192229/image-104-203-1024x542.png" alt="TRUMP Price Analysis 23rd October 2024" class="wp-image-371068">
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  TradingView: TRUMP/USDT
 </figcaption>
</figure>  
<p>The Moving Average Convergence Divergence (MACD) has displayed a constant rise in the red histogram with its averages recording a bearish convergence. This highlights an increase in the selling pressure for the Trump token in the market.</p>  
<p>Suppose a bullish reversal occurs, in that case, the TRUMP price could retest its upper resistance level of $6 this month. On the flip side, if the bears gain dominance, this could result in it plunging toward its crucial low of $1.50.</p>  
<h2 class="wp-block-heading" id="h-maga-maga">MAGA (MAGA)</h2>  
<p>The MAGA coin price has recorded a correction of 2.96% in the past 24 hours with a trading volume of $11.992 million. Moreover, it has dropped 7.03% over the past week, indicating an increase in the bearish sentiment.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/23192224/image-104-202-1024x539.png" alt="MAGA Price Analysis 23rd October 2024" class="wp-image-371067">
 <figcaption class="wp-element-caption">
  TradingView: MAGA/USDT
 </figcaption>
</figure>  
<p>The Relative Strength Index (RSI) has recorded a sharp drop toward its neutral point in the 1D time frame. Moreover, with its average trendline displaying a bearish curve, the MAGA token hints at an uncertain price movement.</p>  
<p>Pushing the price above its resistance trendline of $0.0001844 will set the stage for the MAGA price to head toward its upper high of $0.000350 during the upcoming time. On the contrary, if the bears outrun the bulls, this meme coin will retest its low of $0.0000112.</p>

Trump-based Altcoins To Surge Post Election Or Is The Party Over For Political Memes?

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