Bitcoin rebounded above $99.5k, and as a result, MAGA (TRUMP), an Ethereum-based memecoin inspired by Donald Trump, rallied over 42% in the past 24 hours. The coin has pumped over 124% in the past week and has attracted attention from whale investors. The upcoming inauguration of Trump as the first pro-crypto US president has heavily influenced MAGA's rally. Ripple Labs CEO Brad Garlinghouse believes Trump's impact on the crypto market is real. MAGA memecoin has over 41k on-chain holders and a locked liquidity of over $4 million, positioning it for exponential growth. However, it must successfully break out in a new rising trend and close above the falling trend to confirm a bullish breakout.



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