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3 Donald Trump tokens to buy as the election campaigns heat up
Donald Trump tokens are among the most popular assets to buy in the Politify category, especially after the presidential candidate positioned himself as a supporter of the cryptocurrency and criticized Democratic approaches
The Politify token is regaining investor interest as US election campaigns heat up. This asset class uses blockchain technology to engage users politically and financially, but is quite volatile in nature as they are influenced by political events and the popularity of the figures they represent.
The recent market correction has caused a notable decline in this asset class ahead of the November elections.
Read also: Donald Trump’s New Meme Coin Chuan Pu Explodes Price Charts – The Next 10x Cryptocurrency?
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.
MAGA (TUMPET)| Tradingview
The TRUMP coin witnessed a notable correction in June after its price reversal from a high of $17.83. The bearish trend reversal sent the coin plunging 57.75% to reach $7.50, while the market capitalization plummeted to $329.5 million.
The price of the coin is currently seeking support at the confluence of $6.7 and the 78.6% Fibonacci retracement. If the support holds, the MAGA Buyers will maintain a higher formation on the daily chart, projecting the possibility of exceeding $17.8 in the next jump.
The technical chart shows the $10.5 level as a crucial resistance for buyers to overcome to get better confirmation of the recovery.
Read also: TRUMP Whales Dump 473,000 Tokens, What’s Going On?
2) Doland Tremp (TREMP)
Operating on the Solana network, Doland Tremp (TREMP) aims to capitalize on the popularity of meme coins by promoting a vibrant community around political topics and humor.
Doland Tremp (TREMP)| Tradingview
An analysis of the daily chart shows a steady upward trend of TREMP tokens under the influence of channel patterns. The two ascending trend lines, dynamic support and resistance, are reinforcing the formation of rising highs and lows.
Amid the recent market correction, the meme coin returned from the upper trendline at $1.53 and plummeted 64% to reach $0.55. According to the coin market capitalization, Doland Tremp holds a market capitalization of $56.35 million, while the 24-hour trading volume is $18.27 million.
If supply pressure persists, TREMP price could collapse 42% before reaching crucial support of a lower trend line. As per past records, demand pressure on this support is expected to lead to a surge towards the upper trend around the $1.88 mark.
Read also: Political Memecoins could be the biggest winners in the Trump vs. Biden debate
3) TrumpCoin (DJT)
The recently launched TrumpCoin (DJT) is a Solana-based memecoin that has quickly gained popularity among investors as it is said to have the support of the Trump family.
TrumpCoin (DJT)| Tradingview
Despite the market correction, the three-day rising DJT token recorded a 58% increase as the price rose 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 on a 4-hour chart.
The bullish reversal pattern should support buyers to increase this asset by 42% and challenge the neckline resistance at $0.0198. A potential break of this barrier will signal a better signal for trend reversal and an impending rally.
Key takeaway
As US election campaigns intensify, Donald Trump-themed tokens to buy are MAGA (TRUMP), Doland Tremp (TREMP), and TrumpCoin (DJT) which have gained considerable attention. With recent market corrections resulting in declining prices, these assets offer buying opportunities for investors seeking potential election cycle gains.
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