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The MAGA price rose 32% in the last 24 hours to trade at $3.01 as of 03:20 a.m. EST on trading volume that surged 60% to $9.5 million.
MAGA Price Could Keep Soaring
The MAGA price has been in a significant downtrend over the past few weeks, with lower highs and lower lows until recently. However, it shows signs of a bullish reversal, marked by the price breakout from the downtrend and a steep upward movement.
TRUMP plunged from the $2.9 resistance zone from September 10 to September 23, settling on the $1.59 support zone, according to data from GeckoTerminal.
The price has broken above both the 50-day and 200-day Simple Moving Averages (SMAs), which typically signals a shift to a more bullish momentum.
Moreover, the Relative Strength Index (RSI) indicates that the asset is in overbought territory. Although this shows bullish solid momentum, it can also suggest a possible pullback or consolidation in the short term.
The Moving Average Convergence Divergence (MACD) lines (blue and orange) are in positive territory, with the MACD line (blue) above the signal line (orange), which is a bullish crossover. This confirms the upward momentum.
MAGA Price Prediction
The TRUMP/USD chart shows a clear shift towards a bullish trend, with the price breaking key resistance levels (both SMAs), strong buying volume, and a bullish MACD. This setup looks strong for a potential continuation to higher levels.
If the momentum continues, the Maga price could soar even higher, as the bulls target $4.5.
However, caution is needed as the RSI indicates possible short-term overbought conditions. In such a scenario, the price of MAGA could plunge back to the $2.0 support zone.
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