The MAGA token, along with other politically themed tokens such as PEOPLE, TREMP, and STRUMP, has experienced a decline in value over the last 24 hours, ranging from 2% to 8%. However, TRUMP token has seen a 68% increase in value for the month, leading to confusion among traders. A dormant wallet recently withdrew 4.26 million TRUMP tokens from the MEXC exchange, sparking speculation about potential election-related strategic moves. Technical indicators suggest that MAGA is testing a support level and breaching it could result in further losses. Traders are cautious but hopeful that political developments and social media buzz could drive the growth of PoliFi tokens like MAGA. The daily RSI of MAGA indicates bearish momentum, nearing an oversold condition. With elections approaching, the connection between politics and cryptocurrency is expected to remain, and market participants should be prepared for continued volatility.



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