Melania Meme Price Prediction: MELANIA Plummets 10% As Traders Pivot To This Crypto ICO Offering A Safer Way To Play The Meme Coin Market

9 hours ago 6

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The Melania Meme price plummeted 10% in the last 24 hours to trade at $2.74 as of 02:25 a.m. EST on trading volume that surged 13% to hit $387 million.

Melania Meme Price In A Consolidation Phase

The MELANIA price has been trading within a falling channel on the 15-minute timeframe. The Melania Trump price has been consistently rejected at the upper boundary of the channel, showing that bears are firmly in control.

However, at the most recent price of Melania Meme levels near $2.74, there is a sign of support consolidation within the sideways pattern, suggesting potential accumulation by buyers. A minor breakout attempt can also be observed from the lower boundary of the descending channel, indicating a possible slowdown in bearish momentum.

The 200-period Simple Moving Average (SMA) remains far above the current price, underscoring the strength of the downtrend. The shorter 50-period SMA is sloping downward and aligns closely with price action, further confirming bearish dominance in the short term.

Meanwhile, the Relative Strength Index (RSI) currently sits at 55.23, slightly above the neutral 50 level, signaling a shift in momentum toward the bulls. It suggests that the recent bounce from the support zone has increased buying pressure, though the move is still tentative.

The Moving Average Convergence Divergence (MACD) line (blue) has crossed above the signal line (orange), and the histogram shows positive green bars, indicating early signs of bullish momentum.

Melania Meme Price Chart

MELANIA/USDT Chart Analysis (Tradingview)

MELANIA Poised For A Bullish Breakout

Based on the analysis of the trends and indicators, MELANIA may continue consolidating within the $2.58–$2.75 range in the short term. If buying pressure builds and the RSI moves higher, the price of Melania Meme could retest the $3.00 resistance level, where the 200-period SMA on the 15-minute chart is located.

A breakout above $3.00 would indicate a shift in momentum and could lead to further gains toward the $3.25 level.

On the flip side, if selling pressure resumes and the Melania Meme price falls below the support zone near $2.70, the next downside target would be around $2.50. This would confirm a continuation of the broader downtrend.

As the MELANIA price plummets, investors are also buying a new meme coin called Meme Index (MEMEX). According to crypto analyst and YouTuber Jacob Bury, who has over 54.2k subscribers, MEMEX has the potential to be the next 10x crypto.

Meme Index Presale Closing On The $3 Million Milestone

Meme Index is the world’s first decentralized meme coin index that’s currently in its presale phase. The project has already raised $2.8 million and continues to gain momentum.

Designed to simplify meme coin investments, the MEMEX platform offers holders exposure to curated baskets of meme coins, combining community governance, decentralization, and diversification.

Investors can choose from four dynamic indexes, including the Meme Titan Index, which features top-tier meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), and the high-risk Meme Frenzy Index for those seeking faster gains. Other options include Meme Moonshot and Meme Midcap, catering to varying risk appetites.

🚨 Meme Index is live in Upcoming Tokens! 🚨@memecoin_index presents the first-ever diversified meme coin platform, powered by $MEMEX, giving unparalleled access to the $120 billion meme coin market.

Meme Index offers exclusive access to indexes that cater to every risk… pic.twitter.com/GsiBBuZOzX

— Best Wallet (@BestWalletHQ) December 27, 2024

MEMEX holders can also participate in the project’s presale staking pool, which currently provides a stratospheric annual yield of 820%.

You can purchase MEMEX tokens on the official website for just $0.0155312 to participate in the presale.

Buy MEMEX now to lock in the best deal before its price increases in 43 hours.