As Trump extends his lead in the US election, traders are backing PoliFi or ‘PolitiFi’ meme coin tooker kurlson ($TOOKER) for serious gains.
But how far can it go?
Tucker Kurlson Has Potential, But It’s Not Respecting Support Levels
Tucker Carlson has gained immense notoriety on the world stage this year.
By critiquing figures from the democratic party and offering a platform to those ousted by legacy media, Carlson has become a fan favorite, especially among GOP voters.
As such, degen developers have created a meme coin in his honor called tooker kurlson.
$TOOKER is currently trading at $0.01184, down 4.4% today, 22.3% this week, and 22% this month.
It holds an $11.5 million market cap and a $581K 24-hour trading volume.
$TOOKER is melting through support levels, and its trading volume is not impressive, either.
With just 13 days left until the election, tooker kurlson should be at a fever pitch right now. Instead, investors are seemingly turning a blind eye.
It’s currently trading near its macro lows. Could we see a bounce, or will it continue to bleed?
Analyst Spontando notes that its recent downtrend is forming a descending triangle, and he anticipates a rally toward $0.03 in the coming weeks, almost 3x from its current price.
Wow, $Tooker descending triangle leans to massive PUMP – 5x within days🚀 pic.twitter.com/4iYqpGWMup
— spontando (@spontango) October 18, 2024
Similarly, Mitsef highlights its trading inside a falling wedge, which is a bullish chart pattern. According to the analyst, $TOOKER could rally to $0.033 on the breakout.
Current Situation: in accumulation zone and once it break a 260% move likely.
— Mitsef (@MitsefX) October 22, 2024
Potential: 100x ~ + | – ~
Low Market Cap $12.5M
Note: High Risk, High Reward
Could Be Set To Hit $1B+ @tookerkurlson – $TOOKER
| Not Financial Advice |
| Do Your Own Research | pic.twitter.com/E05WIMW8as
With a tailwind from the election and Carlson’s swelling notoriety – especially amongst Trump fans – there’s certainly a bull case for $TOOKER to reach $0.03.
However, traders must remember $TOOKER’s low trading volume. The $0.01 support level is the final stand. If it loses that, $TOOKER will likely continue to slump, both in trading volume and price.
While $TOOKER has potential, it also carries a lot of risk.
Investors seeking an alternative may be pleased to learn about FreeDum Fighters ($DUM), a new PolitiFi token currently undergoing a presale that will allow traders to buy from the beginning.
PoliFi Token to Watch: Is FreeDum Fighters Next to Explode After Raising $250K?
FreeDum Fighters is a new satirical PoliFi token that invites users to vote on which candidate they think will win the election: “MAGATRON” or “Kamacop 9000.”
Based on how the debates, media appearances, and the ultimate results unfold, those who back the winner will receive rewards.
Moreover, the project has features like weekly debates, a referral scheme, and community proposals, which allow holders to request changes and upgrades to the platform.
With the US presidential election less than two weeks away, FreeDum Fighters is making a clear effort to create something long-term that can stay in the public eye long after the next president is decided.
This is also evident in its roadmap, which says that once the winner is chosen, they will “expand the lore/storyline as the story unfolds in real-time.”
Because it’s currently undergoing a presale, traders can buy in from the ground up. This could result in massive gains. Jacob Bury even says it could 10x in price.
Meanwhile, Austin Hilton underscores that it is “completely different” from anything else on the market.
At a time when the world is watching the US election unfold, FreeDum Fighters stands apart with its innovative take on political satire, user rewards, and blockchain technology.