With the presidential race gaining momentum in the United States, the increasing hype enters the crypto market. Following the craze of meme coins and AI tokens, political-based meme coins are the next potential bull runners.
Amidst such tokens, the outspoken candidate Donald Trump, known for his recent soft approach towards and with his NFTs, the meme coin sector starts a new trend around him. With the market flooding with numerous coins around Donald Trump and his slogan “Make America Great Again,” investors are piling up to ride this FOMO rally.
Retest Entry Chance Before MAGA Breakout Rally
Following the declining trend over the past few weeks, the MAGA token price action led to a resistance trendline in the 4H chart. However, with a positive cycle in the consolidation range forming at the base level of $0.00018, the meme coin surpasses the trendline.
As the MAGA token teases the end of the correction phase, it retests the broken trendline. This increases the likelihood of a post-retest jump in the meme coin and potentially surpasses the 50% Fibonacci level.
If the MAGA token sustains an uptrend, the MAGA price can reach the $0.00050 psychological mark.
Buyers Plan Abrupt End of Correction Spree In TRUMP Token
Following the bearish turnaround from the $17.5 level, the TRUMP token experiences a massive surge in supply pressure. The meme coin falls under the psychological mark of $10 and currently trades at $6.948 with an intraday fall of 2.92%.
Further, the downfall accounts for a 59% drop from the all-time high and tests the 78.60% Fibonacci level. However, with the lower price rejection and double bottom possibility in lower timeframes, the meme coin can bounce back soon.
In such a case, the reversal rally can result in a massive bullish jump in the TRUMP token and reach the $14 mark.
Super Trump Meme Coin Brings 100% Surge Opportunity
With a declining trend in the past week, the STRUMP token is down by 45% from the swing high of $0.019. Further, the meme coin trades at $0.01084 with an intraday drop of 4.65%, putting additional stress on the psychological support level.
As of now, the meme coin is trading at a discount of 65% from the peak of $0.031. However, the STRUMP token tests the 61.80% Fibonacci level, teasing a bullish comeback if the buyers absorb the supply.
In such a case, the bullish reversal can result in a price jump of STRUMP token by 100% to reach $0.20 psychological mark.
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