#TRUMPCOIN

The price of MAGA is 0.004484, and it has shown signs of recovery after a significant decline from its recent high of 0.010752.

Currently, on the 4-hour chart, the RSI is around 52.23, in a neutral position and gradually moving away from the oversold state.

In addition, the trading volume is increasing and it seems that buying pressure is returning.

The movement of prices is an important clue for Fibonacci.
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When drawing Fibonacci based on the high of 0.010752 and the low of 0.001012, the current price is located near the 61.8% line (0.004733).

This line may function as a strong resistance, and whether it can break through here will greatly influence the future price trend.
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If it breaks through, the next target is the 38.2% line (0.007031), and if there is a further rise accompanied by volume, there is also an expectation of retesting the high (0.010752).

On the other hand, if the price falls without breaking through the 61.8% line, it may return to 0.0040 or below, and the 78.6% line (0.003096) and the vicinity of the lowest price (0.001012) may be considered as the next support.

Especially if the trading volume is low and the RSI re-enters the oversold zone of 30 or below, the risk of decline is likely to increase.

In the short term, the price may stagnate around the 61.8% line, and there is a possibility of a range-bound market.

In this case, it will be difficult to expect a large movement in the short term unless there is favorable material for new political news.

The current focus is on whether it will break through the 61.8% line (0.004733), and the trend of trading volume and RSI.

If it breaks through, the continuation of the uptrend is expected, and if it falls, you need to prepare for further downside risks.

The upcoming movements in the next few days are likely to determine the next direction of MAGA.