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The Melania Meme value plummeted 10% within the final 24 hours to commerce at $2.74 as of 02:25 a.m. EST on buying and selling quantity that surged 13% to hit $387 million.
Melania Meme Worth In A Consolidation Section
The MELANIA value has been buying and selling inside a falling channel on the 15-minute timeframe. The Melania Trump value has been persistently rejected on the higher boundary of the channel, displaying that bears are firmly in management.
Nonetheless, at the newest value of Melania Meme ranges close to $2.74, there’s a signal of help consolidation inside the sideways sample, suggesting potential accumulation by consumers. A minor breakout try will also be noticed from the decrease boundary of the descending channel, indicating a potential slowdown in bearish momentum.
The 200-period Easy Transferring Common (SMA) stays far above the present value, underscoring the energy of the downtrend. The shorter 50-period SMA is sloping downward and aligns carefully with value motion, additional confirming bearish dominance within the brief time period.
In the meantime, the Relative Power Index (RSI) at present sits at 55.23, barely above the impartial 50 degree, signaling a shift in momentum towards the bulls. It means that the latest bounce from the help zone has elevated shopping for stress, although the transfer continues to be tentative.
The Transferring Common Convergence Divergence (MACD) line (blue) has crossed above the sign line (orange), and the histogram exhibits optimistic inexperienced bars, indicating early indicators of bullish momentum.
MELANIA/USDT Chart Evaluation (Tradingview)
MELANIA Poised For A Bullish Breakout
Based mostly on the evaluation of the traits and indicators, MELANIA could proceed consolidating inside the $2.58–$2.75 vary within the brief time period. If shopping for stress builds and the RSI strikes larger, the worth of Melania Meme might retest the $3.00 resistance degree, the place the 200-period SMA on the 15-minute chart is situated.
A breakout above $3.00 would point out a shift in momentum and will result in additional features towards the $3.25 degree.
On the flip aspect, if promoting stress resumes and the Melania Meme value falls beneath the help zone close to $2.70, the subsequent draw back goal can be round $2.50. This is able to affirm a continuation of the broader downtrend.
Because the MELANIA value plummets, traders are additionally shopping for a brand new meme coin referred to as Meme Index (MEMEX). In response to crypto analyst and YouTuber Jacob Bury, who has over 54.2k subscribers, MEMEX has the potential to be the subsequent 10x crypto.
Meme Index Presale Closing On The $3 Million Milestone
Meme Index is the world’s first decentralized meme coin index that’s at present in its presale section. The undertaking has already raised $2.8 million and continues to achieve momentum.
Designed to simplify meme coin investments, the MEMEX platform gives holders publicity to curated baskets of meme cash, combining neighborhood governance, decentralization, and diversification.
Traders can select from 4 dynamic indexes, together with the Meme Titan Index, which options top-tier meme cash like Dogecoin (DOGE) and Shiba Inu (SHIB), and the high-risk Meme Frenzy Index for these searching for quicker features. Different choices embrace Meme Moonshot and Meme Midcap, catering to various threat appetites.
🚨 Meme Index is stay in Upcoming Tokens! 🚨@memecoin_index presents the first-ever diversified meme coin platform, powered by $MEMEX, giving unparalleled entry to the $120 billion meme coin market.
Meme Index gives unique entry to indexes that cater to each threat… pic.twitter.com/GsiBBuZOzX
— Finest Pockets (@BestWalletHQ) December 27, 2024
MEMEX holders also can take part within the undertaking’s presale staking pool, which at present supplies a stratospheric annual yield of 820%.
You should purchase MEMEX tokens on the official web site for simply $0.0155312 to take part within the presale.
Purchase MEMEX now to lock in the most effective deal earlier than its value will increase in 43 hours.
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