Kamala Horris (KAMA) is outpacing its Trump-themed rivals in the PolitiFi meme tokens market today. In the last 24 hours, KAMA’s price has increased by 4.80%, while several Trump-related tokens have added to their seven-day double-digit decline.
This shift highlights increasing investor interest in politically satirical tokens linked to U.S. Vice President Kamala Harris. What makes this trend particularly surprising is that it coincides with Donald Trump maintaining a lead in the polls ahead of the November 5 U.S. elections. Below is a detailed breakdown of how PolitiFi meme tokens KAMA, MAGA (TRUMP), and Donald Trump (TREMP) could perform in the coming days.
Kamala Horris (KAMA)
As of this writing, KAMA’s price stands at $0.0066. Prior to this, the meme coin’s price dipped to $0.0057 after being trapped in a descending triangle pattern. To provide context, a descending triangle is a technical pattern defined by a falling trendline that creates lower highs, alongside a horizontal support level.
If Kamala Horris had slipped below the support, then the price could have experienced another correction. Instead, it broke out of the channel. This breakout is further supported by an increase in the Relative Strength Index (RSI), indicating strengthening bullish momentum.
Read more: What Are Meme Coins?
Should the PolitFi meme coin momentum get better, KAMA’s price could climb to $0.0079. However, if Kamala Harris’ odds of winning the election continue to plummet, this forecast could be invalidated. In that scenario, KAMA might decline to $0.0054.
MAGA (TRUMP)
In contrast to KAMA, MAGA—the Trump-themed meme coin with the highest market capitalization—has experienced a price decline. At press time, TRUMP’s price is $3.30, reflecting a significant drop of 35.60% over the past seven days.
Currently, the Moving Average Convergence Divergence (MACD) is in the negative region. Like the RSI, the MACD is a technical oscillator that measures momentum. Thus, a negative region suggests a bearish outlook for the meme coin.
Besides that, TRUMP’s value is below the 20 and 50-period Exponential Moving Averages (EMA). Assuming the price was above these thresholds, the trend would have been bullish. However, since it is the other way around, it aligns with the MACD bearish stance.
In this scenario, TRUMP could drop to $1.95. On the flip side, the meme coin’s value could rebound if momentum becomes bearish and the price moves above the EMAs. If that happens, it could rise to $5.20.
Donald Tremp (TREMP)
TREMP is another Donald Trump-themed meme coin that has declined within the past week. As of this writing, its price is $0.30, representing an 18% decrease from seven days ago.
However, contrary to other Trump PolitiFi meme token conditions, TREMP could erase part of those losses. One reason for this forecast is the Bull Bear Power (BBP), which has recently recorded a jump. The BBP measures the strength of buyers (bulls) to sellers (bears).
When it is negative, bears are in control. But in this case, the BBP is negative, indicating bulls have the upper hand. This Money Flow Index (MFI), which has begun to move higher, also reinforces this bias.
Read more: Top 9 Safest Crypto Exchanges in 2024
Should these indicators maintain or improve their positions, TREMP’s price could rise to $0.37. However, if bears push bulls out of the way, the price might decrease, and the meme coin might decline to $0.22
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Source: https://beincrypto.com/politifi-tokens-analysis-today/