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The MAGA Hat price surged 8% in the last 24 hours to trade at $0.0001701 as of 3 a.m. EST on trading volume that dropped 14% to $12.78 million.
The project has seen strong price fluctuations in the last week, going up and down between a support at $0.00015 and a resistance at $0.00020.
Even so, it started seeing some strong hype lately, as the US presidential election day approaches. Just recently, the project reminded the community that the election is only a little over three weeks away.
US ELECTIONS IN 23 DAYS! 🗳️
We will make America Great Again with @realDonaldTrump! 🇺🇸
A vote for #TRUMP is a vote for $MAGA! 🔥 pic.twitter.com/3se5xEbkvw
— MAGA Coin (@MAGACoinX) October 13, 2024
What followed was a series of token purchases that pushed MAGA to become a trending crypto on multiple platforms, seeing an initial price surge of over 15%. It reported being the #1 trending coin on CoinGecko first.
$MAGA continues to be #1 Trending coin on @coingecko.
Uptober is the month of the Politifi Meta, the clock is ticking, don’t miss out! ⏰ pic.twitter.com/NPcE2dWsbw
— MAGA Coin (@MAGACoinX) October 14, 2024
Soon after that, MAGA achieved the same goal on DEXTools, another highly popular price-tracking platform.
$MAGA is the #1 Ethereum Coin Trending on DEXTools!
Time to slap the red MAGA hat on! 🧢 pic.twitter.com/fuPTuh1URP
— MAGA Coin (@MAGACoinX) October 14, 2024
At its height, the token hit the price of $0.0001822, although it has seen a small correction in the last few hours, which left it with its current price. The big question now is: where does MAGA go from here?
MAGA Hat Price Prediction
As mentioned, the MAGA Hat price has seen a considerable surge over the last 24 hours, but after its price hit the peak at $0.0001822, it saw a correction that knocked its price down a bit. However, the project’s technical indicators suggest that the overall trend is still quite bullish, which might mean that MAGA could see a recovery soon.
The project’s Bollinger bands remain quite wide, and while they have seen a small narrowing following the price drop, it wasn’t big enough to deter the bulls. The price, which previously pushed the upper band, has dropped only to the middle point between the two bands, followed by a slight dip toward the lower band. But, before it could get there, the price started recovering again.
The same bullish sentiment is noticeable in the token’s Relative Strength Index (RSI) performance. The metric initially reached the overbought territory when the price reached its peak, only for the traders to start selling, causing the RSI to see a sharp drop.
In less than two hours it went from the value of 80 to 47, as it dropped to the neutral zone. However, this is where it stabilized and where it remained for the last few hours, suggesting that the bearish influence is not strong enough to cause a massive sell-off and push MAGA’s RSI into the oversold area.
At the time of writing, the RSI still remains in the neutral zone, as the bulls and the bears have seemingly found balance for the time being. But, with the wider market seemingly still being strongly bullish, MAGA could see another price increase that might allow it to retest the resistance at $0.00018, and potentially head further up to $0.00020.
Promising Alternative To MAGA Hat
Even as the MAGA Hat price soars, some investors are turning to a new ICO called Memebet Casino (MEMEBET Token), which is closing on $500k in presale.
Crypto YouTuber ClayBro, who has over 130k subscribers, says it has the potential to 20x after launch.
In his recent video, the YouTuber noted that the project is being compared to RollBit Coin and that there are major price expectations.
The hype surrounding Memebet Token comes from the fact that it is a native cryptocurrency of a new gaming platform that offers investors an industry-first: allowing them to play thousands of popular games while using meme coins like DOGE, PEPE, SHIB, and others, to wager.
Memebet Token’s platform has both a web version and a strong presence on Telegram, and has raised $458k in the last few weeks, rapidly approaching the half-a-million mark.
Right now, the MEMEBET Token sells for only $0.0258 and can be bought with ETH, USDT, BNB, MATIC, or credit/debit cards. If you are interested, make your move soon as a price hike is scheduled in about 22 hours.
Visit the official MEMEBET Token website here.
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