From beincrypto By Aaryamann Shrivastava
Donald Trump, the president-elect of the United States, is set to take office on January 20. Before D-Day, the crypto market has been showing signs of anticipation, particularly among the meme coins associated with Trump.
BeInCrypto has analyzed three of the biggest Trump meme coins, which investors should watch
Meme coin MAGA, trading as TRUMP, has gained significant attention but has not been the best performer recently. After early strong gains, TRUMP has spent the past week in red, reflecting its volatile nature in the crypto market.
Year-to-date, TRUMP has surged by 84%, although it experienced a 16% crash in the last 24 hours. If bullish momentum grows closer to the inauguration, the meme coin could rise above $3.15, potentially targeting $4.44 and regaining investor confidence.
MAGA Price Analysis. Source: TradingView
However, if bullish sentiment does not materialize, TRUMP may face further declines. A drop to $1.84 is possible as investors look to cash out, especially with the hype expected to diminish following the inauguration event.
TROG, an emerging Trump meme coin, has captured attention with a staggering 169% rally over the past week. However, it recently experienced a 20% drop in the last 24 hours, showcasing its inherent volatility in the meme coin market.
Currently, TROG is holding above the support level of $0.00004464. If this level remains intact, the meme coin could bounce back to $0.00007406, regaining its upward momentum. Such a recovery would reinforce bullish sentiment and continue the gains seen earlier in the week.
