With the US Presidential elections approaching, pressure on the buying and selling of political memecoins is increasing. Let's look at short-term forecasts for the top 3 PolitiFi memecoins.
ConstitutionDAO (PEOPLE)
The ConstitutionDAO price has recently corrected by 5% over the past week, although it surged 528.16% this year. The memecoin ranks 143rd by market capitalization at $406.52 million. Technical indicators like EMA 50/200 and RSI indicate neutral price behavior. If bullish momentum returns, a retest of the $0.090 resistance level is possible, while a bearish move could support the price at $0.06275.
MAGA (TRUMP)
MAGA's price dropped by 30.86% in the past month, failing to breach the $6 resistance level. The token is under selling pressure according to MACD indicators showing bearish convergence. A trend reversal might see it reach $6, while continued decline suggests potential fall to $1.50.
MAGA (MAGA)
MAGA price decreased by 2.96% in the past 24 hours and 7.03% over the week. The RSI indicator shows a sharp drop to a neutral point, with the average trendline displaying a bearish curve. A breakout above the $0.0001844 resistance could lead to a rise to $0.000350, although a drop indicates potential testing of $0.0000112.
PolitiFi memecoins are in the spotlight amid elections, and their behavior can be unpredictable. Investors should be prepared for potential price swings in the coming weeks.