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The Melania Meme price surged 16% in the last 24 hours to trade at $2.82 as of 8:51 p.m. EST on trading volume that surged 32% to $204 million.
The surge resulted in the Melania Meme token topping the trending coins list on CoinMarketCap.
Melania Meme Price On A Recovery
The MELANIA price chart analysis on the 30-minute timeframe indicates a prior sharp downtrend, with the Melania Meme price falling consistently from a peak of around $5.50 to its recent low of $2.25. However, a possible trend reversal is emerging, as the price has begun to consolidate and form higher lows near the $2.50-$2.80 range, forming a rounding bottom pattern.
The recent recovery has pushed the price of Melania Meme above the 50-day Simple Moving Average (SMA), but still remains below the 200-day SMA, which now acts as the immediate resistance at $3.01.
The RSI is currently at 68.28, hovering near the overbought region (above 70). This shows that the recent upward movement has been strong.
If the Melania Meme price sustains above the 50-day SMA and RSI momentum persists, there is potential for the price to challenge the $3.00-$3.05 resistance zone. A successful breakout above this level, accompanied by increased volume, could see MELANIA testing the next target around $3.50.
MELANIA/USDT Chart Analysis (Tradingview)
However, failure to break the 200-day SMA or a pullback due to overbought RSI conditions may lead to a retest of $2.50 support. As long as this support holds, the short-term bullish outlook remains intact.
As the MELANIA price surges, investors are also buying up a Pepe alternative in presale that’s called Wall Street Pepe (WEPE). 99Bitcoins, a popular crypto channel with over 723k subscribers, says WEPE could soar 100X after launch.
Wall Street Pepe Presale Blasts Past $60 Million Milestone – Last Chance To Buy
Wall Street Pepe ($WEPE), a meme coin that has raised over $60.4 million in presale, has recently announced that it’s going live on February 16th, only three weeks away.
The presale was a massive success from the very beginning, with investors scrambling over each other to buy $WEPE at the lowest price.
Counting the days. Edge of my seat. Green on the horizon. 🐸⚔️ pic.twitter.com/3mvT3EctOb
— Wall Street Pepe (@WEPEToken) January 24, 2025
WEPE aims to level the investment playing field for little investors because he’s always hated the whales who dominate the market in their small, secretive, insider groups.
The solution? WEPE created its own WEPE Token Army so that small investors are stronger together. The project will offer small traders strategies and insider tips to buy the best cryptos available.
Each $WEPE holder becomes part of this growing army, gaining exclusive access to a private insider group where they can tap into trading insights and alpha calls to stay ahead of the curve.
The $WEPE Token also offers a passive income opportunity through its staking feature, which delivers a stellar 20% annual percentage yield (APY).
You can buy $WEPE Token from the official website here for $0.0003665 using ETH, USDT, or a bank card.
Buy before the presale ends in about 21 days.
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