Although the Donald Trump-related MAGA (TRUMP) has made impressive gains since its launch, the token has had mixed success in terms of price stability, and a popular generative artificial intelligence (AI) model has offered a possible price range if Trump wins the presidential election.
Indeed, while accumulating these increases, MAGA has also been showing significant price volatility, having reached an all-time high of $17.61 on June 1, 2024, but also witnessing substantial dips, with current events exercising a heavy influence on its price.
MAGA (TRUMP) price prediction
In terms of its performance should Trump return to the White House, the most recent AI model of the OpenAI brainchild ChatGPT, called ChatGPT-4o, has projected that the MAGA cryptocurrency “could see significant upward movements” and offered three potential scenarios.
According to the first of them, MAGA could reach the recently tested short-term resistance level at $14.43. The second scenario sees a potential upside to the previous ATH at $17.61. Finally, the third option is MAGA ending up at the support level of $11.77, “based on recent historical lows within a week.”
“Therefore, a speculative price range could be between $11.77 and $17.61, with potential surges depending on additional factors like technological advancement and market sentiment.”
Moreover, ChatGPT-4o has listed MAGA GPT, MAGA AI Draw, and MAGA Scanner as proof of a “focused initiative to integrate advanced technologies like AI in the MAGA ecosystem,” aligning positively with the crypto asset’s future utility and likely supporting its price during politically favorable developments.
MAGA (TRUMP) price analysis
For the time being, the MAGA token is changing hands at the price of $11.94, which suggests an 8.39% decline in the last 24 hours while also losing 6.75% across the past seven days, but nonetheless accumulating an advance of 45.69% on its monthly chart, as per data on June 15.
MAGA (TRUMP) price chart. Source: CoinMarketCap
Meanwhile, pseudonymous crypto trading expert Altcoin Sherpa has forecast that the MAGA token will “go berserk” and hit $18 in late June or early July despite a slight pullback, arguing that the mainstream media will talk about TRUMP often with the “overall narrative going into the election,” as per his X post on June 7.
TRUMP token price action analysis. Source: Altcoin Sherpa
All things considered, the MAGA token might, indeed, follow the path set out by the generative AI model, but it is critical not to take its insights as a definitive guideline, doing one’s own research and weighing the risks instead as the situation in the crypto sector can change drastically.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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