MAGA (TRUMP)
3 Donald Trump Tokens to Buy as Election Campaigns Heat Up
Published
1 week agoon
By
adminThe Donald Trump Tokens are among the most popular assets to buy in the Politify category, especially after the presidential candidate positioned himself as a proponent of cryptocurrency and criticized Democratic approaches
The Politify token is regaining the interest of investors as the US election campaigns heat up. This asset class leverages blockchain technology to engage users politically and financially, but is quite volatile in nature as they get influenced by political events and the popularity of the figures they represent.
The recent market correction has provided a notable dip in this asset class ahead of the Election resulting in November.
Also Read: New Donald Trump Meme Coin Chuan Pu Explodes Onto The Price Charts – Next 10x Crypto?
Donald Trump Tokens to Buy- MAGA (TRUMP)
MAGA (TRUMP) is inspired by Donald Trump’s ‘Make America Great Again’ slogan which also contributes to charitable causes such as supporting US veterans.
The TRUMP coin witnessed a notable correction in June after its price reversal from a $17.83 high. The bearish turnaround has plunged the coin 57.75% to reach $7.5, while the market cap plunged to $329.5 Million.
The coin price currently seeks support at a confluence of $6.7 and 78.6% Fibonacci retracement. If the support holds, the MAGA buyers will maintain higher formation in the daily chart, projecting the possibility of surpassing $17.8 in the next leap.
The technical chart shows the $10.5 level as a crucial resistance for buyers to surpass to gain better confirmation for recovery.
Also Read: TRUMP Whales Offload 473K Tokens, What’s Happening?
2) Doland Tremp (TREMP)
Operating on the Solana network, Doland Tremp (TREMP) aims to capitalize on the popularity of meme coins by fostering a vibrant community around political themes and humor.
An analysis of the daily chart shows a steady uptrend in TREMP tokens under the influence of channel patterns. The two ascending trendlines, dynamic support, and resistance, are bolstering the formation of higher highs and lows.
Amid the recent market correction, the meme coin reverted from the upper trendline at $1.53 and plunged 64% to hit $0.55. As per coinmarketcap, the Doland Tremp holds a market cap of $56.35 Million, while the 24-hour trading volume at $18.27 Million.
If the supply pressure persists, the TREMP price could plunge 42% before hitting the crucial support of a lower trendline. As per past records, the demand pressure at this support should lead a rally to the upper trend around the $1.88 mark.
Also Read: Political Memecoins Might Be Biggest Winner In Trump Vs Biden Debate
3) TrumpCoin (DJT)
The recently launched TrumpCoin (DJT) is a Solana-based memecoin that gained quick traction from investors as rumored to have backing from the Trump family.
Despite the market correction, the DJT token rising for three consecutive days has recorded a 58% rise as the price jumped from $0.0089 to $0.0142. This reversal projects a bottom formation at $0.0089 and indicates the potential formation of a double bottom pattern in a 4-hour chart.
The bullish reversal pattern should bolster buyers to uplift this asset by 42% and challenge the neckline resistance at $0.0198. A potential breakout from this barrier will signal a better signal for trend reversal and an upcoming rally.
Key Takeaway
As the U.S. election campaigns intensify, Donald Trump-themed tokens to buy are MAGA (TRUMP), Doland Tremp (TREMP), and TrumpCoin (DJT) have gained significant attention. With recent market corrections providing a dip in prices, these assets present buying opportunities for investors looking for potential gains tied to the election cycle.
Related Articles
Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
You may like
Exclusive: Savl’s COO on new frontiers of KYC
Binance Warns Of Delisting These Tokens, Price Drop Ahead?
Top cryptocurrencies to watch this week: MOG, KAS, FET
CurveDAO (CRV) Nears All-Time Low Following Whale Deposit to Binance: On-Chain Data
Japanese Tech Giant Sony Enters Crypto Exchange Business With This Acquisition
Bitcoin ATM installations reach 38k, below the all-time high
Exclusive: Savl’s COO on new frontiers of KYC
Binance Warns Of Delisting These Tokens, Price Drop Ahead?
Top cryptocurrencies to watch this week: MOG, KAS, FET
CurveDAO (CRV) Nears All-Time Low Following Whale Deposit to Binance: On-Chain Data
Japanese Tech Giant Sony Enters Crypto Exchange Business With This Acquisition
Bitcoin ATM installations reach 38k, below the all-time high
Mark Cuban and ChatGPT Predicts Best Pick
This Week in Crypto Games: Dr. Disrespect Dumped, Pixelverse and Catizen Tokens, Notcoin ‘Fresh Start’
June sales drop 47% but there are more buyers and sellers
Toncoin Whales Just Started Buying This Coin; Is $10 Next?
SEC Sues Consensys Over MetaMask Staking, Broker Allegations
Cryptocurrency after the European Union’s MiCA regulation
Charles Hoskinson Flags Major Ongoing AI Censorship Trend
Catch up on Render and BNB price spike; enhance wallets with top analyst pick
Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs
Bitcoin Dropped Below 2017 All-Time-High but Could Sellers be Getting Exhausted? – Blockchain News, Opinion, TV and Jobs
What does the Coinbase Premium Gap Tell us about Investor Activity? – Blockchain News, Opinion, TV and Jobs
BNM DAO Token Airdrop
A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday
NFT Sector Keeps Developing – Number of Unique Ethereum NFT Traders Surged 276% in 2022 – Blockchain News, Opinion, TV and Jobs
New Minting Services
Block News Media Live Stream
SEC’s Chairman Gensler Takes Aggressive Stance on Tokens – Blockchain News, Opinion, TV and Jobs
Friends or Enemies? – Blockchain News, Opinion, TV and Jobs
Enjoy frictionless crypto purchases with Apple Pay and Google Pay | by Jim | @blockchain | Jun, 2022
Block News Media Live Stream
How Web3 can prevent Hollywood strikes
Block News Media Live Stream
XRP Explodes With 1,300% Surge In Trading Volume As crypto Exchanges Jump On Board
Block News Media Live Stream
Trending
- Altcoins2 years ago
Bitcoin Dropped Below 2017 All-Time-High but Could Sellers be Getting Exhausted? – Blockchain News, Opinion, TV and Jobs
- Binance2 years ago
What does the Coinbase Premium Gap Tell us about Investor Activity? – Blockchain News, Opinion, TV and Jobs
- Uncategorized3 years ago
BNM DAO Token Airdrop
- Bitcoin miners2 years ago
A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday
- BTC1 year ago
NFT Sector Keeps Developing – Number of Unique Ethereum NFT Traders Surged 276% in 2022 – Blockchain News, Opinion, TV and Jobs
- Uncategorized3 years ago
New Minting Services
- Video2 years ago
Block News Media Live Stream
- Bitcoin1 year ago
SEC’s Chairman Gensler Takes Aggressive Stance on Tokens – Blockchain News, Opinion, TV and Jobs
✓ Share: