MELANIA Trades at Record Lows After 30 Million Token Unlock
Melania’s trading lows have been down 70% in the past 30 days, reflecting extreme bearish sentiment. Although it was about $39 million a day ago, it had no significant impact on its price, which underscores the lack of attention markets toward Melania, which is neither positive nor negative.
With it RSI Currently, the technical indicators are currently 38.5 and BBTREND is -13.1, showing continuous bearish momentum and continuous sales pressure. If the downward trend continues, Melania may fall below $1. If it manages to resume bullish momentum, it may test resistance at $1.39 and may rise to $1.61.
Melania RSI is currently in neutral, nearly under 50 years old
Melania’s RSI is currently 38.5 and has remained under 50 since February 14. This indicates a sustained bearish momentum. one RSI with RSI below 50 indicates sales pressure It has always dominated by bearish sentiment.
Melania trades at all-time lows The lack of interest in buying coins and overall negative sentiment was further emphasized. This continued low RSI level reflects ongoing weakness, indicating that the seller continues to control price action and maintains Melanin under pressure.
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Relative Strength Index (RSI) is Measuring momentum oscillator The speed and changes of price changes. It ranges from 0 to 100. RSI below 30 indicates excessive conditions, which may mark a buying opportunity as the asset may be undervalued.
In contrast, an RSI of over 70 indicates excessive conditions, indicating potential price correction. Its RSI is 38.5, Melania is approaching overselling Territory but not yet there. This level indicates that bearish sentiment is strong, but if there is a purchase interest, a potential reversal may occur.
However, given that it trades at an all-time lowest level, it is recommended to be cautiously optimistic, as the downward trend may continue if the support level cannot be maintained.
Melania Bbtrend is below -12 for more than a day
Melania’s Bbtrend is currently -13.1, below -12 for the past two days and the whole day. This indicates a strong bearish momentum, as the BBTREND value is below zero, indicating a downward price pressure.
and Meme coins have been hitting a record lowThis negative BBTREND indicates a persistent bearish sentiment that may further disadvantage if sales pressure continues.
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Bbtrend or Bollinger band Trends are technical indicators derived from Bollinger’s band. It measures the distance between the price and the mid-Ballling band, thus providing insights into trend intensity and direction.
A positive bbtrend value indicates upward momentum, while a negative value indicates downward pressure. Melania’s current -13.1 BBTREND reflects a significant bearish strength, especially compared to the highest value of 3.5 ever.
This extremely negative reading shows that sales pressure has reached its peak, increasing the likelihood of price declines. However, if Bbtrend starts to recover, it can be shown Potential reversal or stability of pricesbut since the bearish momentum is still strong, you are advised to be cautious.
Melania will soon drop below $1
Melania Same cornerCurrently, the market capitalization is US$665 million, down more than 90% from its all-time high. It is trading at the lowest level, which reflects extreme bearish sentiment and lack of buying interest.
Investors remain cautious due to ongoing sales activity, and this dramatic drop puts huge pressure on Melania. The current decline indicates that market participants are still reluctant to buy. This keeps the price stressed and risks further down.
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If this downward trend continues Melania may fall Below $1, further deepening its bearish trajectory.
However, if the asset can resume bullish momentum and establish an uptrend, resistance may be tested at $1.39. Breakthroughs through this resistance will suggest that new purchase interest could increase Melania to $1.61.
Based on current technical indicators, any movement outside this range looks unlikely.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.