The Melania Meme price<\/a> 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.<\/span><\/p>\n

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. <\/span><\/p>\n

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. <\/span>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. <\/span><\/p>\n

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.<\/span><\/p>\n

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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.<\/span><\/p>\n

Melania Meme Price On A Sustained Bullish Rally<\/h2>\n

The <\/span>MELANIA price<\/span> on the 15-minute chart displays<\/a> an overall bullish trend with key movements indicating significant momentum. <\/span><\/p>\n

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<\/a>. <\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

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. <\/span><\/p>\n

However, it also suggests cautious optimism, as any rapid price surge could push the RSI closer to overbought conditions.<\/span><\/p>\n