Kamala Horris (KAMA) is surpassing its Trump-themed competitors in the PolitiFi meme tokens market today. In the last 24 hours, KAMA’s rate has actually increased by 4.80%, while numerous Trump-related tokens have actually contributed to their seven-day double-digit decrease.
This shift highlights increasing financier interest in politically satirical tokens connected to U.S. Vice President Kamala Harris. What makes this pattern especially unexpected is that it accompanies Donald Trump preserving a lead in the surveys ahead of the November 5 U.S. elections. Below is a comprehensive breakdown of how PolitiFi meme tokens KAMA, MAGA (TRUMP), and Donald Trump (TREMP) might carry out in the coming days.
Kamala Horris (KAMA)
Since this writing, KAMA’s rate stands at $0.0066. Prior to this, the meme coin’s cost dipped to $0.0057 after being caught in a coming down triangle pattern. To offer context, a coming down triangle is a technical pattern specified by a falling trendline that produces lower highs, along with a horizontal assistance level.
If Kamala Horris had actually slipped listed below the assistance, then the cost might have experienced another correction. Rather, it broke out of the channel. This breakout is more supported by a boost in the Relative Strength Index (RSI), showing enhancing bullish momentum.
Find out more: What Are Meme Coins?
Kamala Horris 4-Hour Analysis. Source: TradingView
Must the PolitFi meme coin momentum improve, KAMA’s rate might reach $0.0079. If Kamala Harris’ chances of winning the election continue to drop, this projection might be revoked. Because situation, KAMA may decrease to $0.0054.
MAGA (TRUMP)
In contrast to KAMA, MAGA– the Trump-themed meme coin with the greatest market capitalization– has actually experienced a rate decrease. At press time, TRUMP’s cost is $3.30, showing a substantial drop of 35.60% over the previous 7 days.
Presently, the Moving Average Convergence Divergence (MACD) remains in the unfavorable area. Like the RSI, the MACD is a technical oscillator that determines momentum. Therefore, an unfavorable area recommends a bearish outlook for the meme coin.
That, TRUMP’s worth is listed below the 20 and 50-period Exponential Moving Averages (EMA). Presuming the rate was above these limits, the pattern would have been bullish. Given that it is the other method around, it lines up with the MACD bearish position.
MAGA Daily Analysis. Source: TradingView
In this situation, TRUMP might drop to $1.95. On the other side, the meme coin’s worth might rebound if momentum ends up being bearish and the rate relocations above the EMAs. If that occurs, it might increase to $5.20.
Donald Tremp (TREMP)
TREMP is another Donald Trump-themed meme coin that has actually decreased within the previous week. Since this writing, its rate is $0.30, representing an 18% decline from 7 days back.
Contrary to other Trump PolitiFi meme token conditions, TREMP might eliminate part of those losses. One factor for this projection is the Bull Bear Power (BBP), which has actually just recently taped a dive. The BBP determines the strength of purchasers (bulls) to sellers (bears).
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