MELANIA's recent performance has been a bit unsettling. On the four-hour candlestick chart, the price shows clear signs of peaking after a rally—trading volume was supposed to break upward, but instead it started to decline, which is a bit awkward.
Even more concerning is the MACD divergence, which indicates that although the price is still high, the momentum is quietly weakening. With these two signals combined, the support at this level is indeed limited.
As of now, MELANIA is quoted around 0.1878. From a technical perspective, it’s becoming difficult to maintain stability here. Traders planning to short might not need to wait much longer—entering a market order to short now could be a good opportunity.
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MELANIA's recent performance has been a bit unsettling. On the four-hour candlestick chart, the price shows clear signs of peaking after a rally—trading volume was supposed to break upward, but instead it started to decline, which is a bit awkward.
Even more concerning is the MACD divergence, which indicates that although the price is still high, the momentum is quietly weakening. With these two signals combined, the support at this level is indeed limited.
As of now, MELANIA is quoted around 0.1878. From a technical perspective, it’s becoming difficult to maintain stability here. Traders planning to short might not need to wait much longer—entering a market order to short now could be a good opportunity.