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Can $DMAGA Hit New Highs Before the 2024 Elections?In a wild blend of meme culture, political narrative, and cryptocurrency, Dark MAGA (ETH: DMAGA) has emerged as a token deeply tied to the so-called “Dark MAGA” movement. The token's community-led revival, following its abandonment by its original creators, has created a unique project fueled by a mix of meme warfare, political satire, and celebrity endorsements. With Elon Musk and others pushing the Dark MAGA narrative, the $DMAGA token has garnered attention across the crypto world. What Is Dark MAGA ($DMAGA)? Dark MAGA is an Ethereum-based token with the overarching narrative of supporting the "Dark MAGA" movement, which envisions a vengeful Donald Trump defeating his enemies. The movement has gained traction in meme culture, and (ETH: DMAGA) is now a part of this resurgence. The token, once left for dead, has seen a community takeover (CTO) led by @seanybitcoins and other key figures, including @LordDefi, one of the earliest Bitcoin adopters from 2010. This takeover has reinvigorated the project, with the token’s price surging dramatically as of late. The current price sits at $0.0000033, reflecting a 35% increase in the last 24 hours, driven by Elon Musk's involvement in promoting the narrative, and his past support of Donald Trump. Key Statistics - Current Price: $0.0000033 USD - Market Cap: $1.39M USD - 24-Hour Trading Volume: $921,780 USD - Circulating Supply: 420.64 billion DMAGA coins - Max Supply: 420.64 billion DMAGA coins - Contract Address: 0x5640e0560e6afd6a9f4ddb41230d0201d181fea7 - Pooled DMAGA (Liquidity): 46.94B DMAGA Technical Outlook Dark MAGA (ETH: DMAGA) has seen a 35.29% surge in the last 24 hours. Its technical indicators show signs of early momentum building up as the project gains attention. The Relative Strength Index (RSI) of 49 reflects a moderately neutral position, indicating that while the token is not overbought, it is still in an early-stage rally with potential for upward movement. The project currently boasts a 24-hour trading volume of $921.78K, and the market cap stands at $1.39M. Despite minor dips, $DMAGA has consistently stayed above key moving averages, suggesting a strong underlying trend that could see further gains. On the liquidity front, the token's total pooled DMAGA sits at 46.94 billion, with a paired liquidity pool in WETH, the contract address being 0x8f8120fddb7b372d40d518f93ec371455d375b7b. Community Takeover & Political Meme Support The project's revival is driven by a passionate community and key crypto figures. @seanybitcoins and @LordDefi have been instrumental in leading this movement, organizing Twitter spaces and discussions that tie in Dark MAGA’s memes and political sentiments with real-world narratives. The key turning point for $DMAGA’s growth came from Elon Musk. His tweet about Dark MAGA catalyzed a massive spike in the token’s value, creating a rally fueled by his influence and meme culture. Musk’s public endorsement of Donald Trump and his significant $75 million contribution to Trump's campaign further cemented $DMAGA’s place in this movement, tying it deeply to the political ecosystem. The top 10 holders own 30.85% of the circulating tokens, which reflects a moderately decentralized distribution, ensuring that the community remains influential in guiding the token’s future. Potential Risks Despite the promising technical setup and strong community backing, the token still faces the typical risks associated with meme coins. Price volatility remains high, and a significant portion of the token supply is concentrated in a few wallets, which could pose risks of large sell-offs. Moreover, much of $DMAGA’s success depends on the continuation of the Elon-Trump narrative. A shift in political sentiment or waning meme culture could impact the token’s price trajectory. However, with the election looming, there’s optimism that the coin’s connection to this ecosystem will continue to fuel its growth. Conclusion Dark MAGA ($DMAGA) is a fascinating example of a meme coin with a political twist. Backed by a strong community and influential figures like Elon Musk, the project has positioned itself for further gains, especially as the U.S. election approaches. While there are risks inherent to its meme-driven nature, the token's current technical setup and fundamental backing make it a potentially profitable play for those willing to ride the wave.
DLong
by DEXWireNews
5 Key Factors Shaping US Dollar Trading This WeekThe US dollar is in the midst of a week filled with pivotal events. Together, these fundamental drivers hold the key to understanding the potential shifts in the US dollar's performance throughout the week: US President Joe Biden announced that a bipartisan agreement has been reached to raise the US debt ceiling of $31.4 trillion, aiming to avoid a default. He has now called on Congress to pass the deal asap. Fitch ratings will remove the “negative watch” rating on the United States when the deal passes or looks likely to pass congress. The debt ceiling agreement has potentially weakened the safe-haven appeal of the US dollar, leading to an increase in risk appetite in global markets. The Personal Consumption Expenditures price index, the Federal Reserve's favored inflation measure, rose by 4.4% in April compared to the previous year, up from the 4.2% increase observed in March. This development has raised the probability of a 25-basis-point interest rate hike by the Federal Reserve in June. Due to the Memorial Day weekend in the US, as well as bank holidays in Europe and the UK, Monday will experience reduced market liquidity. Additionally, institutions are preparing for month-end trading on Wednesday, which could introduce more volatility. The US payrolls report for May will be released on June 2nd. Recent months have consistently shown better-than-expected job figures. It is anticipated that this week's job numbers will indicate an addition of 180,000 jobs, with a slight increase in the unemployment rate to 3.5%. A tighter job market will reinforce the Federal Reserve's hawkish stance, with strong wage data also providing support if the actual figures surpass estimates.
TVC:DXY
by BlackBull_Markets
Head And Shoulder (NASDAQ) and a few reasons to remain bullish.Following a nearly -30% decline in the first half of the year, its worst start to a year ever, the NASDAQ 100 index has at least stabilized in the 11,000s this month. That fragile calm will be put to the test over the next couple of weeks as the heavily-weighted Big Tech stocks report earnings in the coming weeks (see my colleague Josh Warner’s full Big Tech earnings preview report). Ahead of the fundamental data dump, it’s worthwhile to revisit the index’s outlook from a sentiment and technical perspective: Ultimately, the NASDAQ 100’s near-term performance will hinge on how investors interpret the Big Tech earnings season, starting with Netflix’s highly-anticipated report this afternoon. That said, the balance of the positioning, technical, and fundamental forces still suggest the index is in a bear market, and traders are likely to fade any near-term rallies at least until prices can break durably above 13,000. Also anyone who spent countless hours on trading and analyzing would easily see this Head And Shoulder Pattern.
CME_MINI:NQ1!Long
by Incantus
Is #USO Breaking Out?Is #USO Breaking Out? # Crude #oil extended last weeks Friday’s positive close in trading on Monday as U.S. President Joe Biden’s visit to Saudi Arabia failed to deliver anything concrete. The trip was aimed at coaxing the Saudi’s to increase oil production thus easing inflation pressures. The response from the Saudi’s and other key officials reiterated the fact that production scheduling and/or increases remain with the OPEC+ consortium leaving President Biden without a deal. Sorry #JoeBiden
AMEX:USOLong
by fintechwire
Where Is The Tech Sector Headed This Week?I would love to say I'm Completely bullish on this. The chart shows consolidation at a key level, which could mean we will breakout to ATH's soon. However, the RSI just broke an important trend line and is near the top line. In addition to that, we have many more earnings dates this week, which could be a bearish sign. I think the most likely outcome here is more consolidation. Last week was a major earnings week and we didn't take too big of a hit. However, I would remain mindful of the fears of inflation and the bearish RSI formation. Good Luck!
NASDAQ:QQQ
by Investor4321
BITCOIN Possibility is ___ % BITCOIN Possibilities is ___ % What in the world is this, well basically this is getting the hell out of BTC and maybe going short, on the B.T.C. That's right. Bold predictions for you elegant trolls. I firmly believe Tradingview has one of the if not the best troll community on the internet. But that's not stating a lot. BTW why does Tradingview have better trolls than Twitter, YouTube and Reddit? Twitter trolls, not so witty YouTube trolls, depraved and vulgar Reddit has it's moments I've answered my own question neglect that last question, thank you. If your still reading this GREAT lets keep going! Regarding my TA this is my prediction. I've hidden all Indicators and most tools, I've only left Elliott wave ABC countdown and ABCDE. These waves might play out accordingly. If this happens correctly I guess I won't be a noob. OK I'll still be a noob but not as much. I don't want to be too different from you elegant trolls. BTW, Have I mention how beautiful all of you are? Let me tell you, you are beautiful! I mean it! I believe BTC is coming down to my price targets and dates. I think the price targets are realistic and most are modest. Sometimes I can be shy and some days I tell death NOT TODAY! Maybe it's time to embarrass myself though we'll have to wait and see. I think the dates might be on point or maybe I'll be wrong by a week later or sooner. Time is precious and BTC is becoming more valuable. Valuable as in BTC is worth a great deal of money? NO Valuable as in overbought. BTC is on a level above its intrinsic or fair value. If you don't agree than just smash that like bottom. As Joey B would say, "anything is possibilities, I mean anything is awww common man!"
BITSTAMP:BTCUSDShort
by zman777
7
USDCHf head and shoulder patternThe dollar will be strengthened by Biden's election as president of the United States and the party's policies. Now we come to the part where we talk about the Swiss franc. Fortunately, corona vaccines are being developed and there are even vaccines such as the Iranian corona vaccine that can completely overcome the English virus. Therefore, we expect the dollar to grow and the fear of the nation and industry to subside due to the weakening of the Swiss franc. Also, from the point of view of technical analysis, it seems that the dollar forming a head-and-shoulder pattern this currency, which can be entered into a buy trade by completing and breaking the shoulder line of this pattern . thank you for reading this idea
Long
by hrakbarzadeh
2
EURU USD ( just IDEA)hello , With the election of Biden as President of the United States and the policies of the party, the dollar will strengthen. Now given the technical situation and the analysis of the Ichimoku system, as you can see, the euro has a big and strong uptrend, so it is a bit difficult to expect the euro to fall from this point, so my guess is that the euro will rise to the previous level. Then, as the Ichimoku Cloud becomes thinner, the Euro will begin to fall by forming a double high pattern and descending from the thinned Ichimoku cloud zone. good luck.
by hrakbarzadeh
2
Is Bitcoin going to 50,000?? 🌟If you're following my profile, you use to see my chart as they are so neat and clear.. But this one is so different.. Because I made a complex analysis on BTC, so I'm trying to give all those information to you on the charts and the texts below, so let's focus together and start the analysis.. Before this analysis, As you can see on the chart in the red box area, I was getting ready for a bearish scenario for BTC and the correction to continue it's move to 28,500 - 30,600 or maybe deeper targets around 21,000. But some how I suddenly saw this triangle pattern on 4H chart. And it ruined all my previous analysis.. I believe this is a valid triangle because it has 3 touches on the bottom and 2 touches on the top.. The price has passed 60% of the triangle time-line pattern, so I'm waiting to see a breakout form top or maybe bottom.. Let's check out what is happening inside the triangle.. We have two bullish waves inside and the third one is starting. On the other side we have correction / bearish waves.. If you check the candle stick counts you can easily understand new buyers are coming to the BTC market inside the triangle, that cause the buyers to be more stronger that sellers.. So this emotional thinking can make us come to the conclusion that it is more possible for BTC to break the triangle upwards.. Don't forget this is not a valid signal!!! It's just a sign that buyers are getting stronger in the market.. Let's consider the last bearish wave in the triangle as a descending channel or a flag that it is trying to break the upper side of the flag in the time of writing this idea.. if this flag has a upward breakout, we will see a break out for the triangle on January 18 or 19. I've highlighted this area for you on the chart.. This will be an important moment.. If the breakout happens so strongly with high volume we can expect some retest on the upper side of the triangle as our new support area.. Then our new Bullish movement is begun.. I've drawn all the way the price will go on the chart with a green arrow, as you can see.. After the retest, as we spoke, our next main target will be 1 Fib extension area around 45,000$, Then I expect some corrections around previous ALL TIME HIGH around 41900.. I see this movement as a rally not a normal uptrend because of two reasons. Firstly, the previous bullish trend before the triangle was a rally. Secondly, Joe Biden is going to be the US president on January 20 and he has said that he will sign the aid checks for American people, these points will give me enough reasons to come this conclusion that the USD is going to fall in upcoming days and weeks and BTC is going to have an upward rally.. I have two more Targets for this BTC rally.. Triangle height from the breakout point.. I put the height line on the January 18 for now, That will give a target around 51,500$. But I will update this target when the actual breakout happened so don't worry about it.. My other target will be the 1.618 Fib level around 49,500$.. So I drew a green box are for you on the chart, That is showing this is a possible target for Bitcoin.. As I said, I believe in a rally up a head, The intersection of the green box area and the rally line copied from the previous trend line will be my estimated time for BTC to hit the area, That will be first quarter of February.. I'll update this chart and idea if anything new happens to the market in following days, so make sure you are following my profile, in that case you will not miss the updates.. I tried to explain the chart as simple as possible, But I may have missed some points. So feel free to ask any question if it comes to your mind or add any ideas you have in the comments section. I'll be glad to see new ideas.. This will make all of us more powerful together in TradingView Community..
Long
by ArshiaZojaji
12
AUDUSD is still in the long-term uptrend channel.AUDUSD is still in the long-term uptrend channel. The Australian Dollar (AUDUSD) fell from the high of 0.7820 on January 6 to the low of 0.7659 on January 18. It rebounded in the past two trading days and returned to above the 0.7700 integer. From the long-term trend and the FED Chairman Powell's dovish attitude, as well as the 1.9 trillion dollar stimulus plan of the new President Joe Biden, the long-term trend of the US Dollar Index is still downward, so the long-term trend of the AUDUSD is upward. By technical analysis, the AUDUSD is still in the long-term uptrend channel, so it is recommended to Buy operations. As shown in the figure: it can be buy now (entry market price around 0.7740), or price falling to above 0.7650 support. Jan.20.2021 Reliability: 3-10 Market Days.
Long
by HyperAlphaPro
GBPUSD is still in the Uptrend.GBPUSD is still in the Uptrend. With the rebound of the US dollar index and the recent decline of non-US currencies, the British pound remains strong relative to other currencies, maintaining an upward trend. Currently, it faces the 1.37 integer mark and waits for a breakthrough. In Jan.18 idea on the US Dollar Index and the EURUSD: US Dollar Index is estimated to have a chance to fall again after the inauguration of the new President Biden on January 20. At this time, the EURUSD will be rise. Therefore, the same reason: It is estimated that after January 20, when the Dollar Index turns down, the upward trend of the Pound will be more effective. There is a chance to break above the 1.37 integer resistance. The current upper target is 1.3800-1.3860. Jan.19. 2021 Reliability: 3-10 Markets Days
Long
by HyperAlphaPro