Bittime - Trump's price prediction did not cause a tantrum because it rose rapidly to 21%. The effect of Donald Trump's candidacy, which received full support from crypto fans because of his pro-crypto programs, is slowly showing a positive trend.
The following is a price prediction for TRUMP that will not cause tantrums because it has grown rapidly, reaching 21% recently.
TRUMP (MAGA) Price Rises 21%
MAGA price saw a 21% increase in the last 24 hours and was trading at $12.41 at 06:15 EST, with trading volume increasing by almost 70%.
This increase comes amid continued hype surrounding the November elections in the US, where candidate and former President Donald Trump continues to campaign in support of crypto.
Recently, Trump has promised to build a crypto future in America, and even took a commitment to reject CBDCs .
BREAKING: 🇺🇸 Donald Trump says "I will ensure that the future of crypto and #Bitcoin will be made in the USA"
— Bitcoin Magazine (@BitcoinMagazine) May 26, 2024
"I will support the right to self-custody to the nations 50 million crypto holders" pic.twitter.com/OSfUL91McJ
In an effort to gain crypto votes, the presidential candidate presented his vision for 2024, including his views on the future of crypto at the Libertarian National Convention on May 24, 2024.
Check Today's Crypto Market:
Crypto Fans Full Support for Donald Trump
Donald Trump's campaigns which were so positive towards crypto, even promising a more stable future for crypto, succeeded in attracting public attention.
This support for Donald Trump was also implied by Borovik who was very enthusiastic about reposting X Donald Trump's post regarding crypto.
TRUMP IS POSTING ABOUT CRYPTO!!! pic.twitter.com/zFoGHnEHsK
— borovik (@3orovik) May 25, 2024
Amid optimistic statements, market observers predict that MAGA prices will continue to rise, even though the TRUMP token is not yet in the top 100 cryptocurrencies.
Trump Price Prediction for the Next Six Months
Specifically, @Crypto_McKenna stated that election mania in the US, coupled with pro-crypto policies, could push MAGA prices into the top 50 cryptos in the next six months.
$TRUMP isn't even in the top 100 yet and I do think peak election mania combined w/ pro-crypto policies that top 50 is a real possibility.
— McKenna (@Crypto_McKenna) May 26, 2024
This is the global attention sink for the next 6 months. pic.twitter.com/lxsQXKLvsS
In his speech at the Libertarian National Convention, Trump vowed to end Central Bank Digital Currencies (CBDC).
Also Read: Donald Trump Rejects CBDC If Re-Elected
He stated, “To the 50 million crypto holders in this country, I promise, with the support of your votes, I will keep Elizabeth Warren and her team from interfering with your Bitcoin.”
As Trump announces his significant shift from skeptic to crypto supporter, MAGA prices will likely continue to rise as the election approaches.
Check Crypto Prices Today:
Trump (MAGA) Price Prediction Doesn't Make Tantrums
MAGA prices spiked on Monday, hitting $17.01 before dropping back to $12.41. TRUMP token remains optimistic as it continues to stay above the upper limit of the ascending parallel channel.
Increased buyer momentum may cause MAGA price to break through the Fibonacci retracement indicator trendline.
Turning this limit into a support level would encourage more buy orders, allowing MAGA price to return to its peak of $17.01.
In particular, the steadily increasing Relative Strength Index ( RSI ) indicates strong buying momentum.
The Moving Average Convergence Divergence ( MACD ) is also above the signal line with its histogram flashing green, indicating strong bullish momentum in the TRUMP market.
Source: https://insidebitcoins.com/
Conversely, if profit-taking intensifies, MAGA prices could fall. Key retracement levels to watch include the 38.2%, 50%, and 61.8% Fibonacci retracement levels at $11.54, $9.85, and $8.16.
Breaking this threshold, which marks the Fibonacci Golden Zone, will automatically invalidate the bullish thesis .
In a worst-case scenario, the decline could extend to the 78.6% Fibonacci retracement level of $5.75.
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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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