Following Donald Trump's victory in the 2024 US elections, Trump-linked meme coins, including MAGA Coin, experienced significant price drops. MAGA Coin, also known as TRUMP, saw a 35% decrease in value, indicating strong market selloffs.

The US elections' impact was profound on MAGA Coin’s market dynamics, as technical indicators like the Chaikin Money Flow and Relative Strength Index highlighted strong selling pressures. The Chaikin Money Flow being below zero indicates more selling than buying activity, showcasing market instability.

Additionally, MAGA Coin's Relative Strength Index dropped to 34.32, underscoring its current market struggles. These indicators highlight potential bearish trends persisting unless a market sentiment reversal occurs.

Current trading is at $2.43, slightly above the year-to-date low. If negative sentiment endures, further declines are plausible, possibly reaching its lowest value.

However, if the momentum shifts to a bullish outlook, MAGA Coin could target a rebound, potentially advancing to $4 or beyond, and challenging the resistance at $5.47 for a possible upward trail.