The US presidential election is scheduled for November 5th. As October has already begun, “PolitiFi MemeCoin,” a meme coin tied to the top three presidential candidates, has seen explosive growth amid rising political tensions .
Among them is MAGA (TRUMP), created by the meme coin community supporting former President Donald Trump. The other two are Kamala Harris (KAMA), supporting current Vice President Kamala Harris, and most recently, the Joe Bowden (BODEN) token, which was distributed while current President Joe Biden was still in the race.
MAGA (TRUMP)
Two weeks ago, the PolitiFi meme coin crashed to a seven-month low . MAGA (TRUMP), which echoes Donald Trump’s “Make America Great Again” campaign, was also affected during that period.
However, over the past seven days , TRUMP’s price has risen by 75.60% and is currently trading at $3.19 . This new rally is linked to speculation that the US presidential candidate may mention cryptocurrencies in his campaign, something he has avoided in previous debates.
According to the 4-hour chart, the recent resurgence was also confirmed by the golden cross that occurred on September 26. A golden cross occurs when the shorter exponential moving average (EMA) crosses above the longer one.
As you can see below, the 20 EMA (blue) has broken above the 50 EMA (yellow). Additionally, the Relative Strength Index (RSI), which measures momentum, is currently above its signal line, reinforcing the bullish case.
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If this situation continues, the price of TRUMP could break through the resistance level of $3.40. If so, the value of the meme coin could rise to $4.11 before the US elections begin in earnest.
However, if Trump’s chances of winning drop significantly in the coming weeks , this prediction may not come to fruition. Instead, the token could fall to $2.35 if it fails to hold the $2.82 support level.
Kamala Horris (KAMA)
The price of KAMA is currently at $0.0087, up 68.50% over the past week. The meme coin plummeted to $0.0053 on Thursday, September 26. However , following reports that Kamala Harris has shown her commitment to cryptocurrency expansion , the token is on the rise.
Despite the significant gains, the 4-hour chart suggests that KAMA’s price may have difficulty maintaining its uptrend. This is mainly due to the downward turn in momentum indicators such as the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD). Therefore, KAMA may start to decline if it fails to break above the $0.0090 level.
In this scenario, the price of KAMA could fall to $0.0075. If there is increasing buying pressure from outside and the support for Kamala Harris increases, the situation could improve. In that case , KAMA could rise to $0.011 .
Jeo Boden (BODEN)
BODEN is a popular Politicify meme coin that saw notable gains earlier this year. However, after President Joe Biden dropped out of the primary , BODEN’s price plummeted .
Things are starting to change again, especially with the token up 62% over the past 7 days. This upward trend suggests that BODEN could remain a notable force among the Politicify meme coins even if Biden is no longer a candidate.
At the time of writing, BODEN is priced at 0.0092. On the 4-hour chart, Bull Bear Power (BBP) has formed a green histogram bar higher. BBP measures the strength of buyers relative to sellers. If it increases, buyers (bullish) are in control and the price may rise;
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