Donald Trump, the president-elect of the United States, is expected to take office on January 20. Ahead of the big day, the crypto market was showing signs of anticipation, particularly among meme coins associated with Trump.
BeInCrypto Analyzed Three of the Biggest Trump Coins, Which Investors Should Watch
MAGA (ASSET)
The Meme MAGA coin, marketed as TRUMP, has attracted a lot of attention but has not been the best performer recently. After strong early gains, TRUMP spent last week in the red, reflecting its volatile nature in the crypto market.
Year to date, Trump has surged 84%, although it saw a 16% crash in the last 24 hours. If the bullish momentum moves closer to the inauguration, the meme coin could rise above $3.15, potentially aiming for $4.44 and regaining investor confidence.
However, if the bullish sentiment does not materialize, Trump can face further declines. A drop to $1.84 is possible as investors look to cash out, especially with hype expected to wane after the inauguration.
Trog (TROG)
TROG, a Trump emerges meme coin, grabbed attention with a staggering 169% rally over the past week. However, it recently saw a 20% drop in the last 24 hours, demonstrating its inherent nature. volatility on the meme parts market.
Currently, TROG is holding above the $0.00004464 support level. If this level remains intact, the meme coin could rebound to $0.00007406, resuming its upward momentum. Such a recovery would reinforce bullish sentiment and continue the gains seen earlier in the week.
Conversely, loss of the critical support at $0.00004464 could lead to a significant decline in TROG. A drop to $0.00001669 would invalidate the bullish outlook, potentially erasing recent gains and dampening investor enthusiasm for the cryptocurrency.
Department of Government Effectiveness (DOGE)
DOGEa meme coin associated with Trump, has attracted attention because of its ties to Elon Musk, who co-heads the Department of Government Effectiveness, from which the coin takes its name. This unique connection makes DOGE a key coin to watch.
The meme coin has strong earning potential if it manages to reclaim the critical support at $0.161. This could push DOGE to $0.229, and a breakout of this resistance could lead to further growth, potentially pushing the price to $0.312 and providing notable returns for investors.
However, if the hype around DOGE fades sooner than expected, the crypto could see a decline. In such a case, the meme coin could test support at $0.094, erasing recent gains and invalidating the current bullish outlook.
Disclaimer
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