{"id":624178,"date":"2025-02-05T13:55:50","date_gmt":"2025-02-05T13:55:50","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=624178"},"modified":"2025-02-05T13:55:50","modified_gmt":"2025-02-05T13:55:50","slug":"official-melania-meme-price-prediction-melania-skyrockets-18-as-traders-fomo-buy-this-69m-ico-with-time-running-out","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/official-melania-meme-price-prediction-melania-skyrockets-18-as-traders-fomo-buy-this-69m-ico-with-time-running-out","title":{"rendered":"Official Melania Meme Price Prediction: MELANIA Skyrockets 18% As Traders FOMO Buy This $69M ICO With Time Running Out"},"content":{"rendered":"

The Official Melania Meme price skyrocketed 18% in the last 24 hours to trade at $1.688 as of 02:51 a.m. EST on trading volume that surged 73% to $202 million.<\/span><\/p>\n

Official Melania Meme Price Aims For A Breakout<\/h2>\n

The <\/span>MELANIA price<\/span> chart on the 1-hour timeframe shows<\/a> a strong initial price surge followed by a prolonged downtrend. <\/span><\/p>\n

Price action for the Official Melania Meme is currently forming a falling wedge pattern, characterized by two downward-sloping trendlines that converge. This pattern is typically bullish, as it often precedes a breakout to the upside.<\/span><\/p>\n

Recently, the price of Official Melania Meme has been consolidating near the upper boundary of the wedge around $1.87, suggesting a potential breakout attempt, data from <\/span>GeckoTerminal<\/span><\/a> shows. <\/span><\/p>\n

The 50-period Simple Moving Average (SMA) on the 1-hour chart is at $1.5359, while the 200-period SMA is at $1.9843. MELANIA is currently testing the 50-period SMA, which could act as support if broken to the upside. However, the 200-period SMA remains a key resistance level that must be cleared for a sustained bullish move.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is at 58.09, approaching the overbought zone (above 70). This suggests that bullish momentum is building but is not yet overextended, meaning there is still room for further upside movement.<\/span><\/p>\n

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Official Melania Meme Chart Analysis. Source: Geckoterminal<\/figcaption><\/figure>\n

MELANIA Price Prediction<\/h2>\n

Given the falling wedge pattern, the rising RSI, and the Official Melania Meme price stabilizing near key moving averages, there is a strong possibility of a bullish breakout. If the MELANIA price breaks above the upper trendline of the wedge, the next target could be the 200-period SMA at $1.9843. A successful breakout above this level could then push the price towards $2.50 or higher, depending on volume and market sentiment.<\/span><\/p>\n

However, if the price of Official Melania Meme fails to break out and falls below the wedge, it could test lower support levels, potentially revisiting $1.30 – $1.40 before another breakout attempt.<\/span><\/p>\n

As MELANIA’s price rises, investors are buying up a new frog-themed Pepe derivative called <\/span>Wall Street Pepe (WEPE)<\/span><\/a>. Crypto YouTuber ClayBro, with over 136K subscribers, says the new meme coin could soar 100X after its launch.<\/span><\/p>\n