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PolitiFi Meme Coins Shake-Up: Kamala Horris Outpace Trump-Themed Rivals Beincrypto 24 Oct 2024

PolitiFi Meme Coins Shake-Up: Kamala Horris Outpace Trump-Themed Rivals 📈

Kamala Horris (KAMA) is outperforming Trump-themed meme tokens, with a 4.80% price increase in 24 hours, amidst declining Trump-related tokens. This surge represents growing interest in politically themed tokens linked to U.S. Vice President Kamala Harris, despite Donald Trump's lead in election polls.

KAMA, priced at $0.0066, broke out of a descending triangle pattern, escalating bullish momentum as indicated by a rising Relative Strength Index (RSI). This suggests a potential price increase to $0.0079, although a decrease to $0.0054 could occur if Kamala Harris' electoral odds decrease.

MAGA, a Trump-themed token with the highest market capitalization, has experienced a 35.60% price drop in a week to $3.30. Negative technical indicators, such as the Moving Average Convergence Divergence (MACD) and Exponential Moving Averages (EMA), suggest further declines unless bullish momentum arises.

Donald Tremp (TREMP) is another suffering Trump meme coin, down 18% in a week to $0.30. However, indications from the Bull Bear Power (BBP) and Money Flow Index (MFI) signal possible recovery, with potential price growth to $0.37 if positive trends persist, or a decline to $0.22 otherwise.

Source: beincrypto.com ↗