MAGA crypto has been on a roll, outperforming Bitcoin with a 33% surge in the past seven trading days, compared to Bitcoin's 6% rally. This boost is largely attributed to Trump's rising odds of winning the US election, with Polymarket's odds standing at 66% in his favor ¹. If Trump wins, MAGA and related coins like DJT could see another wild run, potentially exploding to $12 and triggering a 200% rally.
Key Price Levels:
- _Current Price:_ $4.3
- _Resistance Level:_ $12 (July and bearish order block)
- _Potential Rally:_ 200%
However, it's essential to note that the market sentiment has dropped to negative territory, indicating short-term caution. Additionally, if Trump doesn't win, MAGA's value could drop to zero, making next week's election outcome pivotal for MAGA and related political memecoins.
Expert Insights:
Trading firm QCP Capital believes that BTC and crypto could benefit more than US equities if Trump wins, stating that "Rising odds of a Trump victory have bolstered both stocks and Bitcoin." 3 replies
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