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The MAGA price is up 17% in the last 24 hours to trade at $0.0002702 as of 5:50 PM EST on a 6% increase in trading volume to $65 million.
MAGA Price Bulls tease huge breakout move
After an early bull run that saw MAGA’s price rise more than 1,300%, momentum eventually slowed. During the pullback phase, the price fell sharply and fell by 60%, according to data from GeckoTerminal.
MAGA price is showing a recovery after falling from the all-time high of $0.0007379 to retest the bearish trendline. The bulls have set a strong support zone at $0.00005653, allowing them to regroup and ignite a rally.
This has formed a double bottom pattern, leading to a bullish reversal. The rally has created upward momentum, pushing the price towards the resistance level.
MAGAUSDT Analysis (source: Dextools.io)
The bulls have pushed the price above the 50-day Simple Moving Average (SMA) and are now targeting the 200-day SMA, which is in line with the bearish trendline. Breaking the 200-day SMA could trigger further upside for MAGA, which would confirm the overall positive trend if the price continues to gain momentum.
Although the Relative Strength Index (RSI) has recently fallen to 67, it is showing a gradual reversal of the uptrend from the 50 center zone, with the bullish position remaining at 67, close to the overbought zone. With continued momentum, the RSI could soon enter overbought territory.
MAGA Price Bulls Target News Highs Above Resistance
MAGA price bulls are ready to push the price higher and are targeting a new peak above the all-time high. If they maintain their momentum, they could drive the price back to $0.0001818 in the coming weeks.
However, the price could plummet at the current resistance level, indicating a bearish reversal. If this happens, bears could take control and push the price lower, potentially forcing the bulls to fall back to the support zone at $0.0001686.
Combining meme coins with AI
Meanwhile, a dog-themed meme coin WienerAI (WAI) is gaining momentum as the pre-sale exceeds the $6.2 million in funds raised in the pre-sale to date.
We just raised $6 million 🌭🚀
Thank you to our incredible community! Get ready for even more exciting adventures with this little Wiener 💥🐾 pic.twitter.com/O6AdG6xrhE
— WienerAI (@WienerDogAI) June 18, 2024
WienerAI offers a compelling story, combining the viral appeal of meme coins with one of the hottest new niches in crypto: AI. This unique blend sets it apart from most other meme coins and has been a key factor in its early success.
WienerAI aims to help users become better traders with its AI-powered trading bot. This bot can answer questions and scan the market for the best opportunities. Ask WienerAI for your next trading idea and it will provide market analysis to increase your chances of success.
Unleash WienerAI! 🌭🤖
Bridging meme fun with AI utility. Join the Vienna Revolution! 🚀💰 pic.twitter.com/x6lTupo90N
— WienerAI (@WienerDogAI) June 22, 2024
While the concept of an AI-powered trading partner may seem complex, WienerAI makes it accessible to traders of all experience levels.
Another attractive aspect of the token is its staking feature, which offers investors an annual return of 183%.
With innovative AI-driven trading features and attractive betting rewards, it is clear why WienerAI is attracting so much attention.
More than just a bot: WienerAI is your ultimate crypto trading partner.
We’re excited to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
YouTuber Cilinix Crypto is so impressed with SEAL that he gives it the highest possible recommendation, saying that he has invested in it himself.
Currently, WienerAI tokens cost $0.000721 each. But hurry if you want to buy them, because a price increase is scheduled in less than 35 hours.
Buy WAI here with ETH, BNB, USDT or a bank card.
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