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The Melania Meme price has plunged 11% in the last 24 hours to trade at $2.45 as of 8:30 p.m. EST on a 63% slump in trading volume to $151 million.
Melania Meme Price Stages A Support For A Bullish Reversal
The MELANIAUSD trading pair indicates the current price at $2.48592, trading below the 50-period Moving Average (SMA) at $2.74239. This indicates that bearish sentiment still dominates the market.
The chart displays a clear bearish channel characterized by a series of lower highs and lower lows. However, the price is nearing a key support level at $2.00, which has been tested multiple times and holds significant importance. If this support level remains intact, it could be a springboard for a potential bullish reversal.
MELANIAUSD Analysis Source: Dextools.io
The MACD shows reduced bearish momentum. The MACD line (0.00051613) moves closer to the signal line (-0.10532666), hinting at a possible bullish crossover. Similarly, the RSI is currently at 43.63, below the neutral level of 50 but is trending upward. This upward movement suggests that selling pressure is weakening, and the asset may soon experience a reversal.
The chart also reveals signs of bullish divergence. While the price continues to trend lower, the MACD and RSI signal potential upward momentum, often preceding a trend reversal. A breakout above the bearish channel, especially above the 50 SMA at $2.74, would confirm a bullish shift, with the next target around $3.00. Conversely, if the price fails to hold above $2.00, it could trigger further downside movement, potentially reaching $1.50.
Melania meme appears to be at a critical juncture. Traders considering long positions should wait for a confirmed breakout above $2.74 with strong volume, targeting $3.00 or higher. For those considering short positions, a rejection near the 50 MA or a breakdown below $2.00 could signal an opportunity, with a downside target around $1.50.
Wall Street Pepe Presale Hurtles Toward $60 Million – Best Crypto To Buy Now?
As Melania meme gears up for another bullish rally, investors are flocking to a new frog-themed Pepe derivative called Wall Street Pepe (WEPE), which has soared past $59.4 million in presale funding.
With just 22 days remaining in its presale, FOMO continues to build as investors bet heavily on what will likely be one of the biggest ICOs of 2025.
Counting the days. Edge of my seat. Green on the horizon. 🐸⚔️ pic.twitter.com/3mvT3EctOb
— Wall Street Pepe (@WEPEToken) January 24, 2025
The project is about creating a collaborative platform where members can share market insights, identify early trade opportunities, and work together to achieve outsized returns.
Its ultimate aim is to level the playing field for the little guys and reduce the dominance of whale investors in the crypto market.
Investors can also benefit from a 25% annual return for staking their WEPE tokens.
Crypto analyst and YouTuber ClayBro, who has over 134K subscribers, is bullish on WEPE, predicting it could see a massive 100X pump when it launches.
To join the presale, you can buy WEPE tokens for $0.0003665 using ETH, USDT, or a bank card. But don’t wait too long as the presale ends in about 22 days and is likely to sell out well before then.
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