Trump ($MAGA) Price Plunges 23%: Time to Buy with 10X Potential?

Bittime - Trump ($MAGA) price fell 23% in the last 24 hours. Is this an opportunity for investors to buy in with a potential 10X upside? Check out the complete analysis here.

In the last 24 hours, Trump Price ($MAGA) experienced a sharp decline of 23%, trading at $2,646 at 23:05 EST. This decline occurred in the middle The tight race in the US election is between Donald Trump and Kamala Harris, with Harris holding a narrow lead in the latest polls. 

This prompted trading volume to jump 53% to $15.3 million, as reported by CoinGecko. Is this price drop an opportunity for investors to get in and take advantage of a potential 10-fold surge in value?

Chart Analysis: Trump Price ($MAGA) and Bullish Trend Reversal

From late September to Mayin October, $YOURSELF had experienced a surge right from the support level of $1.69 towards resistance at $5.44. However, after reaching this resistance level, selling pressure increased, resulting in a significant decline. 

Currently, MAGA price is below the 50- and 200-day Simple Moving Average (SMA) lines, which act as resistance levels around $3.65 and $3,365.

MAGA/USDT Chart Analysis (Source: Tradingview)

Indicated Or Relative Strength Index (RSI) show that $MAGA is below the 30 level, which indicates oversold conditions. This condition is often considered a signal that the asset is undervalued, attracting the interest of buyers who are looking for buying opportunities when prices are low. 

If the bearish trend continues, MAGA price may touch the support level at $2,313. However, with the RSI oversold, there is a possibility that buyers will step in, which could prompt a reversal towards the $5.44 resistance.

Also read: Trump Memecoin Price: Movement After Milwaukee Rally

Investment Alternative: FreeDum Fighters ($DUM) with 10X Potential

While some investors may be interested in buying MAGA in hopes of a reversal, $DUM (FreeDum Fighters) be an alternative interesting in the PolitiFi segment. 

FreeDum Fighters is a new meme coin project that combines political satire humor in the US election. Interestingly, the project managed to raise over $410 thousand in the presale stage and offers up to 10X upside potential according to renowned crypto analyst, Jacob Bury.

With a unique staking mechanism, investors can vote for the fictional candidate MAGATRON representing Trump or Kamacop 9000 representing Harris. This staking offers huge annual returns, reaching up to 813% for Kamacop backers and 288% for MAGATRON backers. 

This staking program provides huge incentives for investors who choose to support one of the candidates via DUM tokens.

Conclusion: Is Trump Price ($MAGA) a Buying Opportunity?

Trump Price ($MAGA)'s 23% drop may provide a buying opportunity for those who believe in a potential price recovery. With an oversold RSI, there is a possibility of a bullish reversal if buying sentiment increases. 

However, for those looking for alternatives with huge profit potential, FreeDum Fighters ($DUM) offers an opportunity worth considering. With an ongoing presale, DUM provides high staking yields and the potential for significant price increases, making it an attractive option in the political-themed meme coin segment.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.