The MAGA price surged 13% in the last 24 hours to trade at $4.67 as of 00:31 a.m. EST even as trading volume tumbled 7% to $12.7 million.
MAGA Price Indicators Support A Continued Bullish Rally
According to data from GeckoTerminal , the MAGA price has been trending upward since late September, transitioning from a period of consolidation within the $3 range.
The chart shows a bullish flag or pennant pattern (consolidation after a strong move up). These are generally continuation patterns, meaning a breakout to the upside is often expected after such a formation.
TRUMP now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a confirmation of the uptrend.
The Relative Strength Index (RSI) stands at 58.28, which is in neutral territory but leaning towards bullish. It suggests there’s still room for the price to move higher before reaching overbought levels.
This level indicates that the market isn’t overextended yet and could support a further rally if the price breaks out of the pennant. If the bullish rally continues, the price of MAGA could soar to the projected 25% increase, targeting the $6.0 resistance.
TRUMPUSD Chart Analysis Source: GeckoTerminal.com
Conversely, if the bears take control of the price, TRUMP could plunge slightly to the support around $3.0, which now acts as a strong cushion against downward pressure.
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