Top 3 Donald Trump-themed meme coins worth noting ahead of inauguration

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Donald Trump, the President-elect of the United States, will take office on 20/01. Prior to this momentous day, the Bit market has shown signs of anticipation, particularly in the meme coins related to Trump.

We have analyzed the three largest meme coins related to Mr. Trump that investors should watch.

#1. MAGA (TRUMP)

The MAGA meme coin, traded under the name TRUMP, has attracted a lot of attention but has recently not been the best performing coin. After the initial strong increases, the TRUMP Bit closed last week in the red, reflecting its volatility in the Bit market.

YTD, the TRUMP price has increased 84%, although it has experienced a 16% drop in the past 24 hours. If the bullish momentum develops near the inauguration date, this meme coin could surpass the $3.15 level, with the potential to reach $4.44 and regain investor confidence.

MAGA Price Analysis
MAGA Price Analysis. Source: TradingView.

However, if the bullish sentiment does not materialize, TRUMP could face further declines. A drop to $1.84 is possible as investors seek to cash out, especially as the hype is expected to subside after the inauguration event.

#2. Trog (TROG)

TROG, a new meme coin related to Trump, has attracted attention with an impressive 169% increase in the past week. However, it has experienced a 20% drop in the past 24 hours, reflecting the inherent volatility of the meme coin market.

Currently, TROG is holding above the $0.00004464 support level. If this level is maintained, the meme coin could recover to $0.00007406, regaining its bullish momentum. This recovery would reinforce the bullish sentiment and continue the profits seen in the previous week.

TROG Price Analysis
TROG Price Analysis. Source: TradingView.

Conversely, losing the critical $0.00004464 support level could push TROG into a significant decline. A drop to $0.00001669 would invalidate the bullish outlook, potentially wiping out recent gains and reducing investor interest in this Bit.

#3. Department Of Government Efficiency (DOGE)

DOGE, a meme coin related to Trump, has gained attention due to its connection to Elon Musk, the co-leader of the Department Of Government Efficiency, from which the coin takes its name. This unique association has made DOGE an important meme coin to watch.

This meme coin has the potential for strong growth if it can regain the critical $0.161 support level. Achieving this could push DOGE to $0.229, and if it breaks above this resistance, it could lead to further growth, potentially driving the price to $0.312 and delivering significant profits for investors.

DOGE(GOV) Price Analysis
DOGE Price Analysis. Source: TradingView.

However, if the hype around DOGE subsides earlier than expected, the Bit could face a decline. In this case, the meme coin could test the $0.094 support level, wiping out recent gains and invalidating the current bullish outlook.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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