The cryptocurrency market has displayed a strong bullish reversal over the last 48 hours, highlighting increased bullish action. Following this, top cryptocurrencies have successfully regained momentum by adding significant value to their respective portfolios.
However, the PolitiFi memecoins have regained momentum by recording the highest gains. While top memecoins are retesting their important resistance levels, Donald Trump-themed meme coins have witnessed a multi-fold surge this week.
With the signing of the Trump executive orders, will PolitiFi tokens such as MAGA coin price experience a meteoric rise this AltSeason? In this article, we have uncovered the market sentiment and possible short-term MAGA coin Price Prediction just for you!
With an intraday trading volume of $1.61 million, the Trump memecoin price has added ~28% to its valuation. Reportedly, this memecoin has soared 868.71% in seven days and has a Year-to-Date (YTD) return of +315.75%. This suggests a significant rise in the buying pressure for the Trump-themed meme coin.
Notably, as per its official website, this project is not linked to Donald Trump, President of the United States of America, his firm, his associates, or any family member. However, top marketers speculate a high possibility of a Pump-and-Dump-like situation, considering the present market sentiments.
Considering the present sentiments, if the market continues favoring the bulls, the TRUMP meme coin price could retest its immediate resistance level of $10. Maintaining the price above that level could set the stage for this altcoin to head toward its upper high of $15.
However, a strong bearish reversal could pull the price toward its low of $5. Moreover, if the bearish sentiment intensifies, the TRUMP coin could record a catastrophic plunge within a short period.
Planning to stack Trump memecoins before the altcoin season kickstarts? Read Trump Coin Price Prediction to explore the long-term possibilities!
If the bullish sentiment sustains, the MAGA price could record a 2X -5X surge this year.
One can buy TRUMP coin through Ethereum and Solana. Notably, the wallet address is listed on its official website.
Considering the present market sentiments, the TRUMP coin is considered to be an extremely risky investment.
At the time of writing, the value of one MAGA meme coin is $7.02.
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