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Top PolitiFi Tokens to Rally Ahead of Harris-Trump Second Debate – Crypto News

Published

1 year ago

September 23, 2024

Dripp

Amid a low-volatility weekend, the Politifi tokens witnessed a sudden surge in activity following the speculation of a second debate between Vice President Kamala Harris and former president Donald Trump. The U.S. presidential election remains a critical focus for the crypto market, as the outcome could shape the future trajectory of digital assets.

PolitiFi Tokens Poised for Action Ahead of Harris-Trump Second Debate

On Saturday, President Kamala Harris officially accepted CNN’s invitation to debate former President Donald Trump on October 23, 2024. In a recent tweet, Kamala added, “I will gladly accept a second presidential debate on October 23”, and I hope @realDonaldTrump will join me.”

As of now, Trump has yet to respond to the invitation, leaving pundits and political watchers awaiting his decision. However, if the debate is confirmed, the following Politifi tokens could showcase a massive movement.

Inspired by former President Donald Trump’s “Make America Great Again” movement, the MAGA (TRUMP) asset tops our list of Politifi Tokens. In the last four months, the TRUMP price has witnessed a steady correction from $17.75 to $1.723— a 90.3% decrease— within the falling wedge pattern.

This chart setup could have two converging trend lines, which typically lead to a temporary before the asset provides a decisive breakout. The MAGA price currently trades at $1.72, and activity challenges the pattern’s overhead trendline.

A potential breakout will accelerate the bullish momentum and bolster buyers to chase a potential target of $7.4, followed by $11.5 high.

TRUM/PUSDT -1d Chart

Doland Tremp (TREMP) is a meme coin that launched on the Solana blockchain in late 2021 as a satirical parody of former U.S. President Donald Trump. As the U.S. Presidential race continues to heat up, the TREMP price has shifted its prevailing downtrend sideways, trying to stabilize above the $0.1 psychological level.

An analysis of the daily chart shows a consolidation trend between $0.21 and $0.1 level, which breaches the upside if Trump could better prove his vision for the crypto market in front of U.S. voters.

The potential breakout will strengthen the buyer’s grip over this asset and chase a target of $0.31, followed by $0.6.

Doland Tremp (TREMP) — TREMP/USD -1d Chart

Unlike the aforementioned PolitiFi Tokens, the Kamala Horris (KAMA) is a meme-based cryptocurrency launched on the Solana blockchain in May 2024, satirically inspired by U.S. Vice President Kamala Harris. With an intraday loss of 8%, the KAMA price retested the late August bottom support of $0.0048.

This horizontal support and a downsloping trendline in the daily chart show a descending triangle pattern formation. While this chart setup typically drives a prolonged correction trend, the price could pierce the overhead trend If Kamala Horris managed to captivate U.S. voters with her assertive debating skills.

The post-breakout rally could drive the KAMA price rally to $0.0019, followed by an extended rally to $0.026.

Kamala Horris (KAMA) — KAMA/USDT -1d Chart

Conclusion:

The potential Harris-Trump faceoff is expected to cover a range of critical topics, including the economy, healthcare, and foreign policy. Should either candidate demonstrate clear dominance, their associated PolitiFi Tokens may experience a strong directional rally

Frequently Asked Questions (FAQs)

The second Harris-Trump debate could heavily impact PolitiFi tokens like MAGA (TRUMP), Doland Tremp (TREMP), and Kamala Horris (KAMA). The debate’s outcome may drive significant price movements, as voters’ reactions can influence market sentiment

MAGA (TRUMP) is trading within a falling wedge pattern and has experienced a 90.3% correction over the past four months, dropping from $17.75 to $1.72

Doland Tremp (TREMP) is consolidating between $0.21 and $0.1. If Trump successfully strengthens his voter appeal, the price could break out towards $0.31