Is it too late to buy MAGA? MAGA Price Soars 74%, This Could Be The Next Cryptocurrency To Explode

adminMay 26, 2024

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MAGA price has surged 74% in the last 24 hours. Traded for $0.0001457 As of 9:50 a.m. EST, trading volume had surged 98% to $48 million.

MAGA Price Bulls Regroup

The price of MAGA represents a rebound after falling from an all-time high of $0.0001818. The bulls established a solid support zone at $0.00003516, allowing them to regroup and take control of the rally. This rally created upward momentum and pushed the price towards the resistance level.

MAGA price

MAGAUSDT analysis. Source: Dextools.io

The 50 and 21 simple moving averages (SMAs) are positioned below the current price, indicating a potential upside move for MAGA. If the price continues to gain momentum, it could break above the 200 SMA, confirming the overall positive trend.

Recently, the relative strength index (RSI) fell to 54, but quickly rebounded and rose to 67, which is close to the overbought zone. Due to continued momentum, RSI may soon enter overbought territory.

MAGA price bulls may face resistance going forward.

MAGA price bulls are poised to push the price higher, targeting new highs above all-time highs. If they maintain momentum, the price could bounce back to $0.0001818 in the coming weeks.

However, there is a possibility that the price could reach a double high at this level, which would signal a bearish reversal. If this happens, the bears may take the lead and push the price lower, forcing the bulls to return to the support area at $0.00009423.61.

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