MAGA, STRUMP, and MAGA: Top 3 Political Memecoins Surge Preceding the US Presidential Election

With the United States Presidential election only 28 days away. The Political memecoins have experienced a massive uptrend in their valuations.

With the 2024 United States Presidential election rapidly approaching, a surprising trend has emerged in the cryptocurrency market. A class of memecoins, inspired by political figures and movements, has experienced a remarkable surge in their valuations.

These Political memecoins have captivated the attention of traders and enthusiasts alike, boasting gains of over 2X within a week. This surge highlights the increasing intensity of these projects' presence in the market.

In this article, we will delve into the market sentiments, price action, and potential short-term price targets of the top 3 Political memecoins as the U.S. Presidential election heats up.

MAGA (TRUMP)

A key highlight among the Political memecoins is MAGA (TRUMP), which has surged ~27% in the past 24 hours, boasting a trading volume of $17.54 million. Moreover, it has soared 54.52% over the past week and an impressive 1,036.46% year-to-date.

A glance at the technical indicators reveals that the RSI has breached the overbought range in the 1D time frame, indicating a possible slowdown in the bullish momentum.

However, with the SMA providing support and the Moving Average acting as a resistance, the TRUMP coin maintains a positive outlook in the coming time.

If the market continues trading under a bullish influence, the MAGA coin price could prepare to test its upper resistance level of $9 during the upcoming weeks. Conversely, a setback could pull the memecoin toward its support level of $1.50.

Interested in meme coin? Read our Pepecoin Price Prediction for potential price targets!

Super Trump Coin (STRUMP)

Another notable performer is Super Trump Coin (STRUMP), which has soared ~50% over the past day and is on the verge of retesting its August high.

This surge follows a remarkable rally that has seen STRUMP soar 2,701.85% since its inception, highlighting a strong bullish sentiment for it in the market.

The technical indicators record an increase in the bullish sentiment in the 1D time frame, with the MACD showing a bullish crossover and the SMA indicating buying-over-selling pressure.

If the market continues favoring the bulls, this could result in the STRUMP price retesting its upper resistance level of $0.015160 this month. On the contrary, a bearish action could pull the Super Trump Coin price toward its low of $0.003625.

MAGA (MAGA)

Finally, we have MAGA crypto, which has breached its important resistance of $0.0001844, adding ~105% to its valuation over the past week.

This memecoin has gained massive attention from the crypto space, soaring 2,200% within 5 months.

The Moving Average Convergence Divergence (MACD) shows a constant rise in the green histogram with its averages showing a bullish trend. This suggests that the MAGA coin price will continue gaining value in the coming time.

Maintaining the price above its resistance level of $0.000184 could set the stage for this meme coin to prepare to head toward its upper resistance level of $0.000488 this month. However, if the bulls regain power, the price could retest its low of $0.00011250.

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