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GuShiio.com 鼔狮智能 Editor: 鼔狮
Recently, the price of MELANIA has fallen to a historical low, with a drop of up to 70% in the past 30 days, fully reflecting the extreme pessimism in the market. Although tokens worth about $39 million were unlocked just one day ago, this event did not have a significant impact on the price, showing that the market’s attention to MELANIA is extremely low, with no obvious buying support and no large-scale selling.
From the technical indicators, MELANIA’s relative strength index (RSI) is currently 38.5, while BBTrend (Bollinger Bands trend indicator) is at -13.1, both indicating that the current market is still dominated by shorts and selling pressure continues to increase. If this downward trend continues, MELANIA’s price may fall below $1; but if it can regain bullish momentum, it may test the resistance level of $1.39 and further rise to $1.61.
RSI indicator: continued slump, approaching oversold area
MELANIA’s RSI has been below 50 since February 14 and is currently staying around 38.5, indicating that selling pressure in the market is dominant and bearish sentiment is strong. RSI is an indicator that measures price momentum and speed of change, and its value range is between 0 and 100:
When RSI is below 30, it is usually considered an “oversold” state, which may indicate that the asset is undervalued and there is an opportunity for a rebound.
When the RSI is above 70, it is considered “overbought” and could indicate a risk of a price correction.
While MELANIA’s RSI has not yet entered the oversold zone, it is very close. This means that despite the current bearish market sentiment, a short-term rebound could be triggered if new buying interest emerges. However, given that MELANIA is trading at an all-time low, investors need to remain cautiously optimistic – if support levels are breached, prices could continue to fall.
BBTrend indicator: Strong bearish signal
MELANIA’s BBTrend is currently -13.1, having remained negative for two consecutive days and below -12 for more than one day. This data indicates that the market is in a strong bearish trend. BBTrend is a technical indicator based on the Bollinger Bands calculation, which measures the distance between the price and the middle band to determine the trend strength and direction: positive values represent upward momentum; negative values reflect downward pressure.
MELANIA’s BBTrend is not only well below zero, but also hit a record low (compared to its all-time high of 3.5). This extreme negative value means that selling pressure has peaked and the probability of further price declines has increased. However, if BBTrend starts to rise, it may indicate a sign of price reversal or stabilization. But given that the current bear market forces are still strong, investors should remain vigilant.
Price Outlook: More Likely to Fall Below $1
As a meme coin with a market value of $665 million, MELANIA has plummeted more than 90% from its all-time high. Today, it is experiencing its weakest trading period ever, with a lack of buying interest and extremely negative overall sentiment.
Such a large drop has put MELANIA under great pressure, and investors generally take a wait-and-see attitude, resulting in continued price pressure. If the current downward trend cannot be effectively curbed, MELANIA is likely to fall below the key psychological level of $1 soon, thereby exacerbating its bear market trajectory.
However, if the asset can successfully reverse the situation and form an upward trend, it is expected to challenge the resistance level of $1.39. Once this position is broken, more buyers will be attracted to enter the market, pushing the price further up to the target price of $1.61.
According to existing technical indicators, the possibility of price breaking out of the above range is small. Therefore, whether it is short-term operation or long-term holding, investors need to pay close attention to the changes in support and resistance levels, and do a good job of risk management.
Summary: Be cautious and wait for a turnaround
On the whole, MELANIA is currently in an extremely fragile state, and both technical indicators and market sentiment point to a strong bearish tendency. In the short term, the risk of falling below $1 cannot be ignored. However, in the cryptocurrency market, any asset may rebound unexpectedly. Therefore, investors should make rational decisions based on their own risk tolerance and avoid blindly chasing ups and downs.
Finally, a reminder: no matter how the market fluctuates, please always remember that “investment is risky and you need to be cautious when entering the market.”
