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Cryptocurrency News Articles

MELANIA (MELANIA) Price Bounces but Faces a Daunting Task to Return to Highs

Feb 05, 2025 at 03:12 pm

The MELANIA launch followed that of Donald Trump's meme coin TRUMP and was met with much optimism. It briefly took the spotlight from the latter

MELANIA (MELANIA) Price Bounces but Faces a Daunting Task to Return to Highs

A meme coin named MELANIA, launched after Donald Trump's meme coin TRUMP, was listed on Binance futures with 25x leverage on Jan. 20. The coin's price surged briefly but fell sharply afterward, hitting a new all-time low on Feb. 3.

Despite the price bounce and a whale buying $10 million worth of MELANIA, the token still trades below several resistance levels and faces a bearish outlook in both the short- and the long-term. The wave count suggests more downside, leading to a new all-time low soon.

Original source:ccn

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