Following President Joe Biden’s withdrawal from the presidential race and his endorsement of Kamala Harris, the price of the Kamala Horris token surged by 78%, reaching an all-time high.
Points
- Kamala Horris token price soared 78% after Biden’s withdrawal.
- The market responded to the prospect of a Harris vs. Trump matchup.
- KAMA price hit an all-time high, fluctuating within a symmetrical triangle pattern.
- The Relative Strength Index （RSI） indicates potential for further price movement.
- The Meme Games project also saw significant fundraising success.
The Kamala Horris token experienced a dramatic price surge of 78%, reaching an all-time high （ATH） after President Joe Biden announced his decision to withdraw from the U.S. presidential race and endorsed Vice President Kamala Harris as the Democratic candidate. The market reacted swiftly to the prospect of a high-stakes matchup between pro-crypto Donald Trump and Harris, leading to heightened trading activity.
Following the ATH, the Kamala Horris token entered a correction phase, fluctuating within a symmetrical triangle pattern. This technical pattern, characterized by converging trend lines, typically indicates a potential breakout in either direction. The token’s price has been trading above the 200-day Simple Moving Average （SMA）, with bulls aiming to push it past the immediate resistance at $0.01966.
The Relative Strength Index （RSI）, a key momentum indicator, is currently trending down towards the 30-oversold level, suggesting that sellers may have a temporary upper hand. If the bearish trend continues, the Kamala Horris token could break out below the symmetrical triangle, with $0.013 serving as the next support zone （200-day SMA）. However, if buyers regain control, the token could break above the triangle, targeting the $0.028 resistance zone.
In parallel, the Meme Games project, a competitive platform featuring top meme coins, has garnered significant attention. Since its launch, the project raised over $211K within five days, with notable tokens like DOGE, PEPE, WIF, BRETT, and TURBO participating in Olympic-style events. Participants can earn $MGME tokens as rewards, further boosting the project’s popularity.
The Kamala Horris token’s price movements and the success of the Meme Games project reflect the dynamic and speculative nature of the cryptocurrency market. Investors and traders should monitor these developments closely to capitalize on potential opportunities.
