MAGA price plunged 39% amid rumors of an official Donald Trump DJT token, with traders flocking to this Solana coin for its 100x potential.

adminJune 18, 2024

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MAGA price plunged 39% in the last 24 hours. Deal for $6.90 As of 4:05 a.m. EST, trading volume had increased 1,434% to $60 million.

This comes amid rumors that Donald Trump is behind Solana’s “official” Trump token. According to Pirate Wires on X, Trump is planning to launch an official token called TrumpCoin under the name DJT.

Pirate Wires also claimed that Trump’s 18-year-old son Barron was driving the tokens.

According to the conversation, Trump launches an official token. $DJT In Solana. Barron is in the lead.
— Pirate Wires (@PirateWires) June 17, 2024

Rumors that Trump was involved with DJT have not yet been confirmed. Still PolitiFi token plummeted more than before. 30% in the last 24 hours, MAGA price fell below a descending wedge pattern.

MAGA price is in a bearish trend and has fallen below a descending wedge pattern.

MAGA Price Chart Analysis Source: GeckoTerminal.com — TRUMPUSD Chart Analysis Source: GeckoTerminal.com

MAGA price has been trending lower within a descending wedge pattern since hitting an all-time high (ATH) of $17.51 on June 1. However, in the last 24 hours, the token has negated the general bullish sentiment, falling below the wedge and violating the $10.93 support level. gecko terminal It shows.

The recent price retracement has brought the MAGA price below the 50-day and 200-day simple moving averages (SMA), which currently act as immediate resistance levels of $12.00 and $11.64, respectively.

Moreover, the Relative Strength Index (RSI) fell below the 30 oversold level and was trading at 26, indicating strong selling pressure from the bears.

MAGA price will surge towards a falling wedge pattern

According to MAGA price analysis, TRUMP is currently in a downward trend as the token breaks through the lower limit of the descending wedge pattern. If bears put more pressure on this level, the token may fall further towards the next support level at $6.07.

However, with the token oversold, bulls may use this as an opportunity to stage a buyback campaign. In such a scenario, TRUMP price could surge to immediate resistance areas around $11.64 and $12.00.

As the price of MAGA rises in anticipation of a possible trend reversal, some investors are hedging their bets by diversifying into Mega Dice (DICE), a GameFi project that will be the first GambleFi platform on the Solana blockchain.

99Bitcoins, a popular cryptocurrency channel on YouTube that boasts over 700,000 subscribers, says $DICE has the potential to surge 100x after launch.

Mega Dice Presales Surpass $1.5 Million – The Next 100X Cryptocurrency?

Mega DICE The GameFi cryptocurrency project operates on the Solana network. The project recently garnered attention by raising over $1.5 million through pre-sales.

$DICE $1.4M raised in pre-sales 🚀
Current Tier Price: 0.075 💰
Current presale goal: $2M 💰
We are implementing multi-level price increases, so your #dice early! Do not forget it. Now your $DICE Directly on the website and Telegram… pic.twitter.com/VAsI6u27aD
— Mega Dice Casino (@megadice) June 7, 2024

Mega Dice boasts over 11,000 active players each month, with monthly bets exceeding $50 million. Users of the platform can also enjoy over 4,000 casino games and over 50 sports and esports betting options.

The team is running a $2.25 million airdrop sweepstakes that will give holders a chance to win up to $37,500 each. If you’re interested in taking advantage of this opportunity, all you have to do is bet $5,000 or more between now and June 28th for your chance to win a portion of the $750,000 Season 2 prize.

that much $DICE Season 2 Airdrop is still live – Win $750,000 Airdrop! 🚨💰
Do you want action? Bet $5000 or more between May 15 and June 28, 2024 to receive a $750,000 airdrop! 😍 With airdrops of up to $37,500 per player… pic.twitter.com/YiFxEUucRx
— Mega Dice Casino (@megadice) May 31, 2024

To participate in the pre-sale: Buy $DICE on the official website here $0.075 per token using BNB, ETH or SOL. You’ll also earn 10% when an investor you refer makes a purchase.