Memecoins
The best meme coins based on Donald Trump to buy before the US elections
With the presidential race gaining momentum in the United States, growing hype enters the cryptocurrency market. After the craze of meme coins and AI tokens, politically-based meme coins are the next potential couriers.
Among these tokens, the outspoken candidate Donald Trump, known for his recent soft approach towards and with his NFTs, the meme coin sector starts a new trend around him. With the market awash with numerous coins surrounding Donald Trump and his “Make America Great Again” slogan, investors are piling in to ride this FOMO rally.
Please re-test for entry prior to the MAGA Breakout rally
After the downtrend of the last few weeks, the price action of the MAGA token has led to a resistance trendline on the 4H chart. However, with a positive cycle in the consolidation range forming at the $0.00018 base level, the meme coin breaks out of the trend line.
As the MAGA token anticipates the end of the correction phase, it retests the broken trendline. This increases the probability of a post-retest jump in the meme coin and potentially surpasses the 50% Fibonacci level.
If the MAGA token maintains an uptrend, the MAGA price can reach the psychological level of $0.00050.
Buyers plan for sudden end to corrective madness in TRUMP token
After the bearish reversal from the $17.5 level, the TRUMP token experiences a massive increase in supply pressure. The meme coin falls below the psychological threshold of $10 and is currently trading at $6.948 with an intraday drop of 2.92%.
Furthermore, the collapse represents a 59% decline from the all-time high and tests the 78.60% Fibonacci level. However, with less price rejection and the possibility of double bottoms in shorter timeframes, the meme coin can recover soon.
In that case, the reversal rally can result in a massive bullish jump in the TRUMP token and reach the $14 mark.
The Super Trump meme coin offers a 100% increase opportunity.
With a downward trend over the past week, the STRUMP token has fallen 45% from the high of $0.019. Furthermore, the meme coin is trading at $0.01084 with an intraday decline of 4.65%, putting further stress on the psychological support level.
At the moment, the meme coin is trading at a 65% discount from the peak of $0.031. However, the STRUMP token tests the 61.80% Fibonacci level, suggesting a bullish return if buyers absorb the supply.
In such a case, the bullish reversal can result in the STRUMP token price rising by 100% to reach the psychological limit of $0.20.