MAGA (TRUMP) EYES FOR A RALLY FOLLOWING A BREAKOUT ABOVE THE DESCENDING TRENDLINE
- MAGA price breaks above the descending trendline, suggesting a bullish move.
- Sideline buyers can accumulate TRUMP around $6.576 daily support level.
- A daily candlestick close below $4.579 would invalidate the bullish thesis.
MAGA (TRUMP) has breached the descending trendline, indicating a potential bullish trend. Investors on the sidelines may consider accumulating TRUMP near the $6.576 daily support level ahead of a potential upside rally in the coming days.
MAGA price shows potential for an upside move
MAGA price broke above the descending trendline and the daily resistance level at $6.576 on Saturday and rallied 19% the next day to retest its daily high of $10.401 from June 27.
MAGA encounters resistance at the $10.401 level and, at the time of writing, trades 1% down at the $7.511 level on Monday.
If the trendline holds as throwback support roughly coincides with the daily support level around $6.576, TRUMP’s price could surge 58.5% and retest its daily high of $10.401 from June 27
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