The cryptocurrency market is experiencing heightened volatility and investor interest ahead of the U.S. presidential election approaches. Historically, political events of this magnitude have significantly impacted the digital market, and certain altcoins witnessed a significant boost. Here are three altcoins that could climb the weekly gainers chart in the coming week.
Top 3 Altcoins Poised for Gains in the Coming Week
Millions of American voters will head toward the polls on November 5 to elect the 47th President of the United States. The crypto investors eagerly awaiting election results as a crypto-friendly representative could ease regulatory challenges for this market and bolster a major bull run. With the crypto market today, here are three altcoins that could rise to the highest gainers in the coming week.
MAGA (TRUMP)
MAGA (TRUMP) is a politically themed cryptocurrency associated with Donald Trump’s “Make America Great Again” movement. If Trump secures victory, the MAGA price could witness a decisive result day.
According to Coingecko, TRUMP coin trades at $3.23 while holding a market cap of 143.2 Million. The asset currently seeks support at a $3 floor to maintain a cup and handle reversal pattern. Theoretically, this shows a U-shaped recovery and temporary consolidation before initiating a major rally.
With sustained buying, the TRUMP price could rally 70% even before offering a bullish breakout from the pattern’s key resistance trendline at $5.5.
Kamala Horris (KAMA)
Kamala Horris (KAMA) is a satirical cryptocurrency inspired by Vice President Kamala Harris, blending political commentary with the meme-driven nature of the crypto market. Defying the altcoins pullback, the KAMA price 4-day rally from $0.0065 to $0.013, accounting for a 100% surge.
This recovery breaks the key resistance of $0.011, bolstering buyers with the formation of a rounding bottom pattern. This class reversal pattern signals an accumulation phase in the Kamala Horris coin.
If Kamala Harris takes wins, the KAMA price could push $0.06 high.
Solana (SOL)
Amid a political event of such influence on the crypto market, the meme altcoins often witnessed major movement due to their volatility. As Solana blockchain stands among the top choices for launching meme assets, the increased activity could boost its native cryptocurrency, SOL.
Currently, the Solana price prediction shows a trading value of $166.2 with a market cap of $78.39 Billion. If the bullish momentum persists, the SOL price could rise 8.7% to challenge a resistance trendline that has been intact for the last 8 months.
A potential breakout will intensify the bullish momentum for a major rally.
Conclusion
With the U.S. presidential election nearing, the cryptocurrency market could see significant shifts. Altcoins like MAGA (TRUMP), Kamala Horris (KAMA), and Solana (SOL) are poised for potential gains, driven by political sentiment and market momentum.
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