MAGA Price Prediction: TRUMP Trading Volume Surges 173% on Donald Trump Guilty Verdict as This Dogecoin Derivatives Presale Explodes.

adminMay 31, 2024

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MAGA prices are up 2.4% over the past 24 hours, trading at $13.89 as of 2:43 AM EST on volume surging 173%.

This comes after a jury found Republican presidential candidate Donald Trump guilty on 34 felony charges. According to the news, TRUMP price fell 16% immediately after the news and then recovered.

all #New York Juror finds former US president guilty #donald trump On all 34 charges in the case he held his breath ahead of an election he hopes to win.
Judge Juan Merchan handed down sentencing on July 11.#USA pic.twitter.com/x9gFrhoYd1
— Vibesofindia_ of India (@vibesofindia_) May 31, 2024

The case centered on the so-called ‘hush case’ after allegations that President Trump forged business documents in New York. This is the first time a former U.S. president has been convicted.

Donald Trump sentenced on July 11th, attempts to restore MAGA prices

Trump was found guilty by his former lawyer, Michael Cohen, of falsifying business records related to hush money he paid to adult film star Stormy Daniels. This happened in the final week of the 2016 presidential election.

After deliberating for nearly 10 hours until Thursday, when the jury found Trump guilty, the presidential aspirant will be sentenced on July 11. The Republican National Convention, which nominates presidential candidates ahead of the November presidential polls, is only four days away.

As a result, Trump will face punishment ranging from a fine to four years in prison for each count. However, there is speculation that he will be sentenced to concurrent sentences rather than consecutive sentences. But he is expected to remain free while he appeals.

President Trump said of the jury’s decision: “This is a disgrace. It was a rigged trial.”

According to opinion polls ahead of the presidential election, President Trump and President Joe Biden are engaged in a fierce race ahead of the November presidential election.

Immediately after the news, MAGA prices plummeted, reducing TRUMP’s market cap by more than $130 million, falling from $13.48 to $11.27, according to CoinGecko data. However, MAGA prices soon recovered and were trading at $13.89 at press time.

Ahead of the ruling, traders covered the news in full. MAGA prices had already begun to decline two hours before the conviction.

Despite the ruling, blockchain-based prediction market Polymarkets is still predicting a Trump victory over President Biden. Current numbers give Biden a 54% chance of winning, compared to 40%.

MAGA Price Prediction

MAGA price is trading with a bullish bias as it continues to defend its ascending parallel channel. This highly bullish technical structure promises further profits as long as the price stays within that range.

Since MAGA price is still within the channel and above the Fibonacci golden zone, MAGA price may continue its upward trend. Traders looking to take a new long position in TRUMP tokens should consider waiting for the candle to close above the $18.34 range high.

Looking at momentum indicators for technical analysis, we can see that while the downtrend is strengthening, the market is still favoring the uptrend. In particular, the relative strength index (RSI) is still above the average level of 50.

Likewise, Moving Average Convergence Divergence (MACD) is not only in positive territory, but also above the orange band of this signal line, and its histogram is blinking green. This shows that there is still plenty of bullish momentum in the TRUMP market.

Mark

GeckoTerminal: TRUMP/USD 1-day chart

On the other hand, RSI has plummeted, showing that momentum is falling. Likewise, the histogram of MACD is fading, indicating that the bullish momentum is fading away. As selling pressure increases, MAGA prices may fall. However, the bullish argument is only invalidated after the price falls and closes below the 38.2% Fibonacci retracement level of $9.07.

With MAGA prices showing tremendous volatility as the US political situation heats up, consider diversifying your portfolio with $PLAY, dubbed the best Play-to-Ener (P2E) DOGE companion game. Crypto YouTuber Jacob Bury says this could be the next potential 10x cryptocurrency.

A promising alternative to MAGA

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playdoji

Integrating the legendary Tamagotchi virtual pet concept into the new digital economy of cryptocurrency. The appeal of this project is that you can feel the nostalgia of the 90s while playing a classic 8-bit side-scrolling adventure and earning cryptocurrency. Enjoy financial incentives directly tied to your ability to effectively care for your pet.

PLAY, the powerful token of this Play to Earn ecosystem, has the following exciting features:

Features: $PLAY is the default in-game currency for trading and accessing special features.
Acquisition Mechanism: $PLAY can be earned by interacting with pets and performing well in adventure games.
Utility: $PLAY is designed to have value in both gaming and the broader cryptocurrency market.

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The new Doge meme coin exploded onto the scene earlier this week after raising $200,000 within minutes of pre-sale going live. Currently, investors have already sent more than $624,000 to the project, purchasing PLAY tokens for $0.005 each.

If you are interested in the project, purchase $PLAY tokens in the pre-sale to enjoy the classic 2D adventure and earn more cryptocurrency. But hurry, because the price increase is scheduled for about 19 hours later.

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