MELANIA Hits Historic Low As She Continues Unlocking 30 Million Tokens Dumped Onto Community

MELANIA is trading at its lowest level ever, down 70% in the past 30 days, indicating an extremely negative market sentiment. Despite unlocking tokens worth about 39 million USD just a day before, the price of MELANIA has not seen significant fluctuations, indicating that the market is almost indifferent to this coin, whether in a positive or negative direction. With the RSI currently at 38.5 and BBTrend at -13.1, the technical indicators show that the downward momentum is still maintained along with prolonged selling pressure. If the downward trend continues, MELANIA could drop below $1. Conversely, if the uptrend resumes, this coin could test resistance at $1.39 and potentially rise to $1.61. MELANIA's RSI Maintains Below the Neutral Level MELANIA's RSI is currently at 38.5 and has been below 50 since February 14th. This indicates that selling pressure still dominates and market sentiment is tilted towards the downside. MELANIA's lowest-ever trading emphasizes the lack of investor interest as well as general negative sentiment. The sustained low RSI reflects continuous weakness, indicating sellers are still controlling the price action, keeping MELANIA in a downtrend.

The (RSI) relative strength index is a momentum indicator that measures the speed and change of price movements, oscillating between 0 and 100. RSI below 30 indicates that the asset is oversold, potentially creating buying opportunities when the asset is undervalued. Conversely, RSI above 70 signals overbought conditions, which may lead to price adjustments. With RSI at 38.5, MELANIA is approaching the oversold zone but has not touched this level. This index indicates strong pessimism, but a reversal could occur if buying pressure appears. However, as MELANIA is at its lowest level ever, investors should remain cautious, as the downward trend may continue if support levels are not maintained. BBTrend Của MELANIA Dưới -12 Hơn Một Ngày The BBTrend index of MELANIA is currently at -13.1, maintaining a negative level for the past two days and below -12 for over a day. This indicates strong selling pressure, as BBTrend values below 0 usually signal increasing selling pressure. With this altcoin hitting an all-time low, the negative BBTrend further reinforces pessimistic sentiment, signaling a potential further decline if selling pressure persists.

BBTrend (Bollinger Band Trend) is a technical indicator calculated based on the Bollinger Bands indicator. It measures the distance between the price and the middle line of the Bollinger Bands, providing information about the strength and direction of the trend. BBTrend positive shows the upward momentum, while BBTrend negative reflects the downward pressure. The current BBTrend index of MELANIA is at -13.1, indicating a sharp decline, especially compared to the highest recorded level of 3.5. This extreme negative value indicates selling pressure is peaking, increasing the likelihood of further price declines. However, if BBTrend begins to recover, it could signal a reversal or at least stabilization in prices, although the downward trend remains strong. MELANIA May Soon Drop Below $1 MELANIA, with a market capitalization of 665 million USD, is currently down more than 90% from its all-time high. This coin is trading at a record low, reflecting extreme pessimism and lack of interest from investors. The strong downward trend has put significant pressure on MELANIA, as investors remain cautious amid an extended selling wave. The current downtrend indicates that the market is still not ready to buy, keeping prices suppressed and at risk of further decline.

If this trend continues, the price of MELANIA may fall below $1, further expanding the downward price trajectory. However, if this altcoin can regain upward momentum and establish an upward trend, it may test resistance at $1.39. Breaking this resistance level could signal renewed buying interest, helping to push the price up to $1.61. Based on current technical indicators, any deviation beyond this range is unlikely.