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The Melania Meme price soared 0ver 20,000% in the last 24 hours to trade at $11.82 as of 05:22 a.m. EST on trading volume that hit $5.7 billion.
First Lady Melania Trump announced the debut of her meme coin on the eve of Donald Trump’s inauguration, and hard on the heels of her husband launching his official TRUMP coin.
Melania’s entry into the meme coin market with MELANIA has caused a stir, with the token surging more than 20,000% in value since its debut. This spike led to a sharp drop in the value of the Official Trump coin, which plummeted by more than 50% as traders shifted their attention to Melania’s new crypto. Initially, TRUMP had soared to over $70, but the launch of MELANIA caused its value to dip dramatically to $30 before partially recovering to $57.
The frenzy surrounding these meme coins has also caused significant congestion within the Solana ecosystem, leading to transaction failures and delays. This downtime may be a direct result of the meme coin mania overtaking the space.
This raises the question: will we see an IVANKA or ERIC token next? But before that happens, let’s first take a closer look at what we can expect from MELANIA.
Melania Meme Price On A Sustained Bullish Rally
The MELANIA price on the 15-minute chart displays an overall bullish trend with key movements indicating significant momentum.
Early in the chart, we observe a strong upward trend supported by increasing volume, pushing the Melania Meme price to a local peak near $11.83, according to data from GeckoTerminal.
Following this, there was a pullback as traders likely took profits, but the price of MELANIA formed a rounded bottom pattern. This pattern is a classic bullish continuation signal, indicating the market’s intention to resume the upward trajectory after consolidation.
The handle section of the pattern completed near the 50-period SMA (Simple Moving Average) at $9.84, confirming support around that level before the price resumed its upward movement.
Currently, the price of Melania Meme is hovering near $11.82, showing slight consolidation. This indicates that traders may be waiting for the next major catalyst to decide the direction of the price.
The RSI (Relative Strength Index) is currently at 56.01, which is in the neutral-to-bullish range. This level indicates that the market is not overbought, leaving room for further upward movement before the meme coin enters overbought territory.
However, it also suggests cautious optimism, as any rapid price surge could push the RSI closer to overbought conditions.
MELANIA Price Prediction
The chart indicates strong bullish sentiment supported by the rounding bottom pattern breakout, increasing volume, and a favorable RSI level. As long as the Melania Trump price maintains support above the 50-period SMA ($9.74), the bullish momentum is likely to continue.
On the downside, strong support lies at the $9.84 (50-period SMA) level. A break below this level may indicate a trend reversal, with further support near $8.50.
As the Melania Meme price soars, investors are buying up a new frog-themed Pepe derivative called Wall Street Pepe (WEPE). Crypto YouTuber ClayBro, with over 135K subscribers, says the new meme coin could soar 100X after launch.
Wall Street Pepe Racing Towards The $54 Million Milestone
Wall Street Pepe’s presale has raised an impressive $53.1 million, outpacing other major projects with its utility-driven approach, combining trading tools and a community-centric platform with the viral appeal of Pepe the Frog.
The project isn’t just another meme coin. It’s a collective force of retail traders with a shared mission: to disrupt the crypto ocean and take down whales. These traders aren’t the “small fish” anymore; they’ve got the power to move the market in their favor.
Holders of WEPE get to join the WEPE Army of degen analysts and traders who share alpha calls and exclusive market insights with each other, which then helps members make more informed investments and enables them to trade like pros.
Turning doubters into believers since day one. 🐸 ⚔️ pic.twitter.com/usPUfQnhvD
— Wall Street Pepe (@WEPEToken) December 26, 2024
The WEPE token also offers a passive income opportunity through its staking feature, which delivers a stellar 24% annual percentage yield (APY).
You can buy a WEPE Token from the official website here for $0.0003665 using ETH, USDT, or a bank card.
Buy WEPE tokens here before the presale comes to a conclusion in 28 days.
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Newest Meme Coin ICO - Wall Street Pepe
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