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Donald Trump

Will TRUMP Price Break 3-Month Correction Ahead of Presidential Debate?

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3 weeks ago

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During a less volatile Sunday trading session, the TRUMP price plunged 2.75% to $3.07. The downswing signals the continuation of its month-long consolidation trend following the broader market uncertainty. However, the lateral movement could be calm before the storm as we approach the historic debate between sitting Vice President Kamala Harris and former President Donald Trump.

TRUMP Price Prepares for Breakout as Debate Day Nears

The upcoming September 10th debate between Vice President Kamala Harris and former President Donald Trump is set to be a historic and highly anticipated event in the 2024 presidential race. Hosted by ABC, the debate will focus on critical issues such as economic recovery, foreign policy, and immigration, allowing both candidates to share their strategies with the U.S. Voters.

Concerning the crypto market, this event could have a major impact on Politifi tokens like MAGA (TRUMP) and Kamala Horris (KAMA).

According to a tweet from Sistine Research, the TRUMP price consolidation is likely a bottoming zone that signals the beginning of speculative buying. The sideways trend could allow buyers to recuperate the bullish momentum and form a suitable base for the next leap.

The upcoming debate could spike volatility in MAGA coin and bolster to breach the overhead trendline that carried the last 3-months correction. The potential breakout will push the asset into the speculation zone, with an acceleration phase likely to begin 30 days before the Election on November 5th.

The chart below highlights this trendline breakout as a recurring pattern that drove a direction trend in TRUMP price.

MAGA Token Hints End-of-Correction Amid Wedge Pattern

A deeper analysis of the daily chart shows the current correction is forming a falling wedge pattern. The chart is a well-known reversal setup, as two converging trendlines indicate diminishing bearish momentum. 

Moreover, the narrow range from the Bollinger Band indicator accentuates the low volatility trading but decisive breakout underway. If the buyers flip the overhead trendline into support, the TRUMP price could be $11.5, followed by $17.75.

MAGA TRUMP PriceMAGA TRUMP Price
TRUMP/USDT – 1d Chart

On the contrary note, a reversal from the resistance trendline will signal the continuation of the downward trend.

Frequently Asked Questions (FAQs)

The TRUMP token is forming a bullish reversal pattern called falling wedge.

If the TRUMP token successfully breaks out from the wedge pattern, the price could reach $11.5, followed by a potential move up to $17.75.

The debate between Kamala Harris and Donald Trump could serve as a catalyst for a breakout in the TRUMP token, potentially ending its 3-month correction

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Sahil Mahadik

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

Disclaimer: 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.





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Donald Trump

Donald Trump Makes Historic Bitcoin Payment At PubKey

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23 hours ago

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September 19, 2024

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Today, history was made as President Donald Trump became the first US president to make a Bitcoin payment.

The former President showed up to PubKey, a Bitcoin-themed bar located in the heart of Greenwich Village, New York City, to purchase some cheeseburgers (on National Cheeseburger Day) at the establishment, which was packed with Bitcoin enthusiasts there to welcome him.

“I think it’s a great place,” Trump said to Bitcoin Magazine about PubKey, before urging the types of Bitcoin enthusiasts who frequent the bar to vote this November.

“Get out and vote, because if you vote, we cannot lose. We want to get everybody that agrees with you people — and there’s a lot of people — [to vote],” he added.

“They’ve been treating you very badly at the SEC, and we’re going to treat you very fairly.”

Regarding the payment, Trump said it was easy to make and that it went through “quickly and beautifully.”

After making the transaction, Trump, escorted by one of the bar’s owners, Thomas Pacchia, introduced himself to all in attendance.

“This was one of the most important Bitcoin transactions of all time,” said Pacchia.

“President Trump came to PubKey to connect with the Bitcoin community — to show his support to the Bitcoin community,” he added.

“We are very excited he was here.”





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MAGA, FIGHT, and DJT surge as Trump’s crypto project announces WLFI token

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3 days ago

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September 17, 2024

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Donald Trump-themed cryptocurrencies surged as World Liberty Financial announced a new governance token.

Fight to MAGA (FIGHT) led the charge with a massive surge of over 150%, pushing its valuation to $10.3 million. TrumpCoin (DJT) also saw a strong rally, climbing 28% to reach $0.00032, its highest since Aug. 7, with daily trading volumes near $1 million. Meanwhile, MAGA (MAGA) rose by 18% over the past day, with a daily trading volume of $11.48 million.

All these gains helped push the total market cap of political-themed tokens past $481 million. Meanwhile, the community sentiment around the tokens had also turned bullish according to Coinmarketcap data.

These tokens rallied after Donald Trump’s crypto initiative, World Liberty Financial, announced its plans to release a governance token named WLFI.

WLFI has been advertised as a non-transferable governance token, allowing holders to propose and vote on platform-related matters. Approximately 63% of the total token supply is designated for public sale, with 17% for user rewards, and the remaining 20% for the team and advisors.

While the token’s launch date remains undisclosed, the project team has confirmed that sales will be limited to accredited investors.

Despite the rise on Sept. 17, political-themed tokens have been experiencing a downturn, with their total market cap now down to $481 million.

These tokens tend to gain prominence during election seasons, potentially losing much of their relevance after the elections conclude. Traders often refer to these as “event coins” because their prices are influenced as the date of the related event approaches.

However, in the short term, these coins could see further gains if Bitcoin (BTC) breaks past its previous high, as meme coins often thrive during Bitcoin’s bull runs. Factors that could drive Bitcoin’s price higher include possible cuts in Federal Reserve rates, a weakening US dollar, and a continuing stock market rally.



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Donald Trump

World Liberty Financial, Crypto Project Promoted by Trump Family, Confirms Plan for WLFI Token

Published

3 days ago

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September 17, 2024

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As of now, the token will be sold only to accredited investors under what is known as a Regulation D exemption from the Securities and Exchange Commission (SEC). Regulation D exemptions allow companies to raise capital without registering securities with the SEC, primarily by offering securities to accredited investors or in small, private offerings.



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