MAGA Hat Coin Trends But Is This Dogecoin Alternate The New Craze?
A few weeks ago, Donald Trump labeled the US Presidential Election as America’s first-ever ‘crypto election.’ Indeed, with cryptocurrency now in the spotlight, developers and traders are showing a growing interest in PoliFi meme coins such as Maga Hat (MAGA) Coin.
This article will provide an analysis of MAGA’s current price trends and look to see whether an innovative new meme coin, PlayDoge, represents a more promising investment opportunity at this time.
$MAGA@MagaHAT_ETH
Next stop $160m from there all time high from there price discovery
Thinking $420m-$500m before next correction
That's good clean price action pic.twitter.com/Ro92AwuTJh
— Burnside (@BurnsideOhana) June 19, 2024
Resilient consolidation above lower support has left MAGA Hat coin poised for dramatic growth in weeks ahead, according to popular retail traders on Crypto X.
This prospect seems likely considering the continued and intensifying election campaign.
As MAGA Coin tries to push up from well-defended support, MAGA Hat is currently trading at a market price of $0.000258 (representing a 24-hour change of +29.42%).
The recent upward price movement of MAGA Coin follows a significant bounce off its lower support level at $0.000175, a new base established by 17.7K MAGA holders.
The price is currently poised above the higher support at $0.00022, with attention now focused on the overhead resistance at $0.00026.
If MAGA Hat can break this resistance level, and flip it to support, then it could undertake an electric upside move to $0.00033.
Indeed, with such strong fundamentals stemming from Donald Trump, it’s not a surprise that there’s still a good amount of capacity for gains even above the $100m MCAP mark – with the potential of hitting $1Bn not unlikely if
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