Maga (TRUMP), a meme coin inspired by Donald Trump, is experiencing a bullish resurgence just before the 2024 US presidential election, with its price reaching $4.49, a 35% rise over the week.

The coin's technical indicators, including the Chaikin Moving Average (CMF) and Moving Average Convergence Divergence (MACD), suggest further bullish potential. An uptrend in CMF and a potential bullish MACD crossover indicate strong buying pressure as funds flow into the asset.

The possibility of the coin breaking its $4.68 resistance level is high, which could lead to a target price of $7.48 if the current market momentum sustains.

However, should market sentiment change to bearish, the coin could fail to cross the resistance and potentially fall back to $1.11.