The Trump vs Harris battle is on the verge of concluding as the U.S. election week has begun. Following this, the altcoin market and Trump-based tokens are closely watching the market as the decision could impact these segments on a great level.
With only a few days remaining until the next U.S. presidential election, will Trump-based altcoins record massive growth in their numbers if Donald Trump wins this election? In this article, we have covered the short-term analysis of the top Trump-influenced tokens.
MAGA (TRUMP)
Despite recording a correction of ~16% over the past week, the TRUMP price has surged over 10x this year. This makes it one of the best performers of this year. Notably, with a market capitalization of $131.70 million, it has secured the 296th position.
The Relative Strength Index (RSI) has recorded a sharp decline in its price chart with its average trendline recording a similar action. However, a trend reversal could result in a sharp uptrend.
If the favors support Trump, the MAGA token could record a meteoric rise and head toward its upper high of $9 during the upcoming weeks. Conversely, a bearish action could pull the price toward its crucial support trendline of $1.50.
Also, read Ethereum (ETH) Price Prediction!
MAGA (MAGA)
The MAGA price has experienced a strong bullish recovery by adding ~7% in the past 24 hours. However, with an intraday trading volume of $31.52 million, it has secured the 516th position with a market cap of $57.58 million.
The Moving Average Convergence Divergence (MACD) has declined in the red histogram with its averages recording a neutral trend. With EMA 50-day supporting the price chart, the MAGA price hints at a mixed sentiment.
Maintaining the price above its support level of $0.0001844 could set the stage for MAGA crypto to head toward its upper resistance level of $0.000350. On the contrary, a bearish action could push the price toward its low of $0.0000112.
Super Trump Coin (STRUMP)
The Super Trump coin has dropped 19.74% in the past 24 hours and 35.71% over the past week. However, it has added 1,412.5% since inception. This suggests a positive outlook for the altcoin in the long-term perspective.
The Simple Moving Average (SMA) constantly acts as a resistance to the price chart in the 1D time frame. This highlights an increase in the selling pressure for the altcoin in the cryptocurrency market.
Suppose, a bullish reversal occurs, this could result in the STRUMP price retesting its upper resistance level of $0.009850. On the flip side, if the bearish sentiment intensifies, this could result in it plunging toward its low of $0.003625.
Also, read Solana (SOL) Price Prediction!
