{"id":620635,"date":"2025-01-23T09:47:00","date_gmt":"2025-01-23T09:47:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=620635"},"modified":"2025-01-23T09:47:00","modified_gmt":"2025-01-23T09:47:00","slug":"melania-meme-price-prediction-melania-plummets-11-as-a-whale-buys-500k-of-this-pepe-rival-ico-offering-last-chance-to-buy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/melania-meme-price-prediction-melania-plummets-11-as-a-whale-buys-500k-of-this-pepe-rival-ico-offering-last-chance-to-buy","title":{"rendered":"Melania Meme Price Prediction: MELANIA Plummets 11% As A Whale Buys $500K Of This PEPE Rival ICO Offering Last Chance To Buy"},"content":{"rendered":"

The Melania Meme price plummeted 11% in the last 24 hours to trade at $3.28 as of 11:29 p.m. EST on trading volume that surged to hit $342 million.<\/span><\/p>\n

Melania Meme Price On A Bearish Trend<\/h2>\n

The MELANIA price on the 15-minute chart exhibits a falling wedge pattern. This is characterized by a series of lower highs and relatively lower lows near the $3.28 level, acting as a key horizontal support zone. <\/span><\/p>\n

A falling wedge is typically a bearish continuation pattern, suggesting the possibility of further downside if the support is broken.<\/span><\/p>\n

Moreover, the overall trend appears bearish, highlighted by the sharp decline from the $11.00 range earlier in the chart, as shown by <\/span>GeckoTerminal<\/span><\/a> data. <\/span><\/p>\n

The Melania Meme price is consolidating within tighter ranges, signaling reduced volatility as it nears the wedge’s apex. <\/span><\/p>\n

Melania Meme is currently trading below the 50-day and 200-day Simple Moving Averages (SMAs), both of which are trending downward. <\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) sits at 35.61, nearing oversold territory but not quite there yet. <\/span><\/p>\n

This indicates that bearish momentum remains dominant, though not at an extreme level. Additionally, the RSI has repeatedly failed to break above 50, reinforcing the bearish outlook.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) histogram is close to the zero line, with the MACD line (-0.0719) slightly above the signal line (-0.0728). This indicates weak bullish momentum at present.<\/span><\/p>\n

\"Melania
MELANIA\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

Is A Trend Reversal Possible For MELANIA?<\/h2>\n

The technical setup, dominated by the falling wedge and bearish indicators, suggests <\/span>MELANIA<\/span><\/a> is more likely to break downward if it breaches the $3.28 support level. <\/span><\/p>\n

A confirmed breakdown could see the price of Melania Meme targeting the next psychological or technical support near $3.00, with further downside potential depending on market sentiment.<\/span><\/p>\n

However, the MACD suggests that the bulls may be poised to take control of the price. If this happens, the bulls may push Melania Meme towards a bullish trend reversal above the upper boundary of the wedge, which could target $4.00 as the first resistance level.<\/span><\/p>\n

Meanwhile, investors are piling into a new frog-themed Pepe derivative called <\/span>Wall Street Pepe (WEPE)<\/span><\/a>, with 99Bitcoins, a crypto YouTube channel with over 722k subscribers, noting that AI chatbot GROK is predicting massive gains for the project. <\/span><\/p>\n