MAGA Token Price Jumps Following Elon Musk’s Support for Donald Trump
- MAGA token surged 11% after Elon Musk’s Trump support, amid ongoing meme coin volatility.
- Despite a recent 8.76% drop, MAGA’s trading volume surged 38.51%, reflecting high investor activity.
- With an RSI of 45.43, MAGA is nearing oversold levels, while the MACD hints at potential bullish momentum.
Elon Musk’s public support for Donald Trump has reverberated through the crypto community, propelling the MAGA token to the top of trending lists.
As highlighted by Santiment, this newfound attention has boosted the token’s price by a modest 11% since its recent low five hours ago. Meme coins tied to the presidential candidate have exhibited significant volatility, especially following last weekend’s unforeseen events.
— Santiment (@santimentfeed) July 19, 2024
Thanks to what the crypto community widely perceives to be Elon Musk's transparent support of Donald Trump, MAGA is the top trending token in crypto. The price is up a modest +11% since bottoming out 5 hours ago.
Meme coins that are associated with the presidential candidate… pic.twitter.com/msGdcIUfJO
At the time of writing, the MAGA token is trading at $6.46, down 8.76% over the past day. The ma…
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