MAGA Price Plunges 39% in 24 Hours, Dropping Below the Falling Wedge Pattern

The MAGA price plunged 39% in the last 24 hours to trade at $6.90 as of 04:05 a.m. EST on trading volume that skyrocketed 1,434% to $60 million.

Donald Trump is reportedly launching an “official” Trump token on Solana, according to rumors circulating in the crypto space.

As conversations go, Trump is launching an official token — $DJT on Solana. Barron spearheading.

— Pirate Wires (@PirateWires) June 17, 2024

The token, which will be listed under the ticker DJT, is said to be launching with Trump’s 18-year-old son, Barron, at the helm of the project, as reported by Pirate Wires on X.

However, there has been no official confirmation from Trump himself regarding his involvement with the DJT token. Still, PolitiFi tokens have plunged more than 30% in the last 24 hours.

The price of MAGA has also dropped below the falling wedge pattern, as highlighted by data from GeckoTerminal.

After hitting its all-time high (ATH) price of $17.51 on June 1, the MAGA price has been on a downtrend, dropping within a falling wedge pattern.

However, in the last 24 hours, the token has negated the general bullish sentiment by dropping below the wedge and breaching the $10.93 support.

This price retrace has led to MAGA dropping below both the 50-day and 200-day Simple Moving Averages (SMAs), which now act as the immediate resistance levels at $12.00 and $11.64, respectively.

Moreover, the Relative Strength Index (RSI) has dropped below the 30-oversold level to trade at 26, which is a sign of intense selling pressure from the bears.

As the price of MAGA gears up for a possible trend reversal, some investors are hedging their bets by diversifying into Mega Dice (DICE), a GameFi project that will be the first GambleFi platform on the Solana blockchain.

99Bitcoins, a prominent crypto channel on YouTube boasting that boasts over 700,000 subscribers, says $DICE has the potential to soar 100X after its launch.

Mega Dice Presale Blasts Past $1.5 Million – Next 100X Crypto?

Mega Dice (DICE) is a GameFi cryptocurrency project that operates on the Solana network. The project has recently attracted attention by raising over $1.5 million in its presale.

$DICE presale has raised $1.4 Million ?

Current tier price: 0.075 ?Current presale target: $2M ?

We're implementing multiple tiered price increases, so make sure to secure your #DICE early! Don't forget, you can now utilize your $DICE directly in our Web and Telegram… pic.twitter.com/VAsI6u27aD

— Mega Dice Casino (@megadice) June 7, 2024

Mega Dice boasts over 11,000 active players monthly and exceeds $50 million in monthly wagers. Users on the platform can also enjoy over 4,000 casino games and over 50 sports and esports betting options.

The team has a $2.25 million airdrop giveaway underway that gives holders the chance of winning a maximum of $37,500 each. If you are interested in grabbing this opportunity, all you need to do is wager $5,000 or more between now and June 28 to have an opportunity to grab a portion of the $750,000 season two giveaway.

The $DICE Season 2 Airdrop is STILL LIVE – Earn Your Share of a $750,000 AIRDROP! ??

Want a piece of the action? Just wager $5000 or more between May 15 and 28 June, 2024, and you could claim your share of the $750,000 airdrop! ? With a maximum airdrop of $37,500 per player,… pic.twitter.com/YiFxEUucRx

— Mega Dice Casino (@megadice) May 31, 2024

To join the presale, buy $DICE on the official website here for $0.075 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.