MELANIA Memecoin Surges 27.8% Amid Bullish Signs
Key Takeaways
The memecoin MELANIA (Ticker: MELANIA) is currently experiencing a significant recovery. Within 24 hours, the price surged by 27.8% to 0.47 USD. Trading volume increased by nearly 50%, and open interest rose by over 35%. These metrics indicate growing interest and a potential trend reversal. However, resistance at 0.53 USD could lead to short-term profit-taking.
Strong Price Movement After All-Time Low
Following a new all-time low, MELANIA has posted consistent gains over the past three days for the first time. The current price increase to 0.47 USD represents a recovery of nearly 28% in a single day. At the same time, trading volume rose to 124.19 million USD, while open interest—a measure of derivatives traders’ involvement—climbed to 49.10 million USD. This trend suggests that traders are returning and buying the dip.
Buy Signal from Technical Indicators
Technical indicators confirm the upward trend. The Relative Strength Index (RSI), a momentum indicator, rose from 33 to 49.46. A value above 50 would signal a clear trend reversal. The Stochastic RSI, another indicator used to assess overbought or oversold market conditions, also shows a bullish crossover. Both signals point to increasing buying interest.
Market Data Indicates Buyer Dominance
In recent trading sessions, about 402,000 MELANIA tokens were bought, with a positive delta of 140,000 tokens—meaning significantly more buy than sell orders. At the same time, sellers realized profits on 261,000 tokens but were in the minority for the first time in days. The current long-short ratio stands at 68% long positions versus 31% short positions. This indicates that the majority of traders expect prices to continue rising.
Resistance at 0.53 USD in Focus
The next technical resistance level is at 0.53 USD. If this level is broken, the upward trend could continue. However, many investors who were previously in the red are now back in profit. This increases the likelihood of short-term profit-taking. If that happens, the price could fall back to around 0.40 USD.
Our Assessment
MELANIA is currently showing clear signs of a short-term recovery. Technical indicators and market data point to a bullish sentiment. However, the resistance at 0.53 USD is crucial. If it is not overcome, a consolidation could follow. Investors or those looking to enter should closely monitor price movements and trading volume. A sustainable upward trend is only likely with stable demand.
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| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | 2.44 |
| 24h % | -5.13 % |
| 7d % | 9.87 % |
| 30d % | 13.65 % |
| 60d % | 5.91 % |
| 1y % | 378.34 % |
| Official Links | Website |
| Socials | X |
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