3 Donald Trump Tokens to Buy as Election Campaigns Heat Up
Highlights
- According to Coingecko, the Top PolitiFi Coins’s market cap is at $1.103 Billion, registering a 3.8% gain, while the trading volume reached $344 Million.
- The $6.7 support accompanied by a 78.6% FIB level creates a strong support region for buyers to accumulate.
- The double bottom formation in TrumpCoin (DJT) bolsters a potential reversal of 42% before a major breakout.
The Donald Trump Tokens are among the most popular assets to buy in the Politify category, especially after the presidential candidate positioned himself as a proponent of cryptocurrency and criticized Democratic approaches
The Politify token is regaining the interest of investors as the US election campaigns heat up. This asset class leverages blockchain technology to engage users politically and financially, but is quite volatile in nature as they get influenced by political events and the popularity of the figures they represent.
The recent market correction has provided a notable dip in this asset class ahead of the Election resulting in November.
Donald Trump Tokens to Buy- MAGA (TRUMP)
MAGA (TRUMP) is inspired by Donald Trump’s ‘Make America Great Again’ slogan which also contributes to charitable causes such as supporting US veterans.
The TRUMP coin witnessed a notable correction in June after its price reversal from a $17.83 high. The bearish turnaround has plunged the coin 57.75% to reach $7.5, while the market cap plunged to $329.5 Million.
The coin price currently seeks support at a confluence of $6.7 and 78.6% Fibonacci retracement. If the support holds, the MAGA buyers will maintain higher formation in the daily chart, projecting the possibility of surpassing $17.8 in the next leap.
The technical chart shows the $10.5 level as a crucial resistance for buyers to surpass to gain better confirmation for recovery.
Also Read: TRUMP Whales Offload 473K Tokens, What’s Happening?
2) Doland Tremp (TREMP)
Operating on the Solana network, Doland Tremp (TREMP) aims to capitalize on the popularity of meme coins by fostering a vibrant community around political themes and humor.
An analysis of the daily chart shows a steady uptrend in TREMP tokens under the influence of channel patterns. The two ascending trendlines, dynamic support, and resistance, are bolstering the formation of higher highs and lows.
Amid the recent market correction, the meme coin reverted from the upper trendline at $1.53 and plunged 64% to hit $0.55. As per coinmarketcap, the Doland Tremp holds a market cap of $56.35 Million, while the 24-hour trading volume at $18.27 Million.
If the supply pressure persists, the TREMP price could plunge 42% before hitting the crucial support of a lower trendline. As per past records, the demand pressure at this support should lead a rally to the upper trend around the $1.88 mark.
Also Read: Political Memecoins Might Be Biggest Winner In Trump Vs Biden Debate
3) TrumpCoin (DJT)
The recently launched TrumpCoin (DJT) is a Solana-based memecoin that gained quick traction from investors as rumored to have backing from the Trump family.
Despite the market correction, the DJT token rising for three consecutive days has recorded a 58% rise as the price jumped from $0.0089 to $0.0142. This reversal projects a bottom formation at $0.0089 and indicates the potential formation of a double bottom pattern in a 4-hour chart.
The bullish reversal pattern should bolster buyers to uplift this asset by 42% and challenge the neckline resistance at $0.0198. A potential breakout from this barrier will signal a better signal for trend reversal and an upcoming rally.
Key Takeaway
As the U.S. election campaigns intensify, Donald Trump-themed tokens to buy are MAGA (TRUMP), Doland Tremp (TREMP), and TrumpCoin (DJT) have gained significant attention. With recent market corrections providing a dip in prices, these assets present buying opportunities for investors looking for potential gains tied to the election cycle.
- Breaking: JPMorgan Enables Institutions to Use Bitcoin, Ethereum as Collateral
- Changpeng Zhao Comeback? PolyMarket Set 62% Odds of Binance Return by December Following Trump Pardon
- Matrixport Predicts Market Direction as $6B Bitcoin, Ethereum, XRP Options Expire Today
- Why is Crypto Market Up Today (Oct 24)
- Breaking: 21Shares Amends Sui ETF with Staking, Nasdaq Listing, Other Key Details
- PUMP Price Set for Lift-Off as Whales Return With Multi-Million Dollar Buys
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Prediction as Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
