The MAGA meme coin's price has dropped by over 13% in the last 24 hours, despite recent appointments of Elon Musk and Vivek Ramaswamy in the new Department of Government Efficiency (DOGE). Technical indicators suggest further price decline possibilities.
Maga Price Rejected By Resistance
The MAGA price faced strong resistance at $2.0276, leading to a drop towards the closest support level at $1.1591. If the price falls below this technical safety net, it could plunge to $0.3671. However, maintaining above the $1.1591 support could lead to a rebound and another challenge at the $2.0276 barrier.
Maga Price Might Keep Falling
Technical analyses indicate bearish signs on MAGA's 4-hour chart. The RSI has dropped from 49 to 39, highlighting a decrease in buyer strength and seller dominance. A potential bearish crossover is signaled by MACD, which may trigger panic selling among traders.
Taking The Trump-Harris Rivalry On-Chain
The FreeDum Fighters (DUM) project offers investors a creative take on the US elections. While the election has concluded, the project continues to engage supporters of Kamala Harris in the on-chain space, providing high staking APYs for early backers.
The decline in MAGA price draws attention to other projects like FreeDum Fighters, which offer unique investment opportunities. Investors remain attentive to political and crypto space developments.
