After what seemed like an unstoppable run, MEME — a new meme coin linked to US First Lady Melania Trump — finally capitulated in a complete loss, losing nearly 80% of its peak value of $13 in the span of a few days.
Token price, depending CoinmarketCapnow trading around $2.4, the market cap — which initially exploded to $6 billion — has suddenly reversed below the $500 million threshold.
The Melania Meme’s current plight is no surprise, given the heavy selling from owners who are now focusing on the best coin alternative to buy.
As the sales frenzy continues, the movement of the token is becoming more intense, which means that the token could lose its $2 support level soon.
Could bulls gain an advantage and engineer another bounce for $Melania? Or does the token see a bigger decline in the coming days? Our experts take a deep dive into the potential price performance of the Melania Meme Coin to ascertain whether it is currently the best or worst Coin Crypto to buy.
Official Melania Meme Price Analysis – Will Melania’s Next Move Be a Redemption?
For about two days after its launch, Meme Coin traders, especially those who initially bought Trump, were rolling in their profits to Melania. The buying spree sparked over a 2,000% pump in the price of the MEME coin and also pushed the market cap above $6 billion.
After that pump it was a big correction. However, due to the positive market conditions that pushed Bitcoin to its peak price of $109,000 on Monday, the price of Melania’s token did not start to decline significantly.
At press time, the token was stranded around the $2.4 level, down more than 55% on three-day charts as traders continued to sell off their holdings. Daily trading volume also fell by 35% to $117.06 million, indicating an increasing level of pessimism in its potential.
Melania/USD 4-hour chart depicts a more bleak scene. However, resistance remains at $3, which could be a gateway to brighter bulls. A violation here could pave the way for a rally towards $7.79, with $10.99 serving as a distant but tempting peak.
Conversely, failure to defend the current level could drag $Melania price towards lower levels, with $1.8 serving as the next line of defense.
Meanwhile, a more in-depth perspective into Melania’s market was provided by Jacob Burri, a popular crypto analyst with over 54k YouTube subscribers. In a short video, Bury says that it will be difficult for the Solana Meme Coin to regain its upward momentum if there is no real roadmap, conviction, or purpose.
Although broader market conditions are expected to play a crucial role, the YouTuber is not seeing any buying frenzy and price pump for $Melania unless there is a strong catalyst.
Will $Melania bounce above the $5 mark?
The RSI at 31.37 echoes market fatigue, indicating intense selling activity. However, with the meme coin wandering into the sell zone, bulls could still ignite another buying pressure to engineer a recovery.
Increasing your score beyond 50 can restore moderate levels of hope, charting a path to healing amidst this volatile storm.
In this unfolding story of caution and possibility, traders must navigate with both wisdom and vision. However, reaching the $5 mark requires more than core strength; The mood of the Melania Coin market should shift.
The MEME index could be the best bet for investors to crush the meme coin market
Melania Mimi’s official overall price performance indicates two things. Firstly, it is always better to get into early Meme Coins and get profits as soon as possible. People who entered the token very early and took their returns before the massive price correction made high gains while those who bought at the peak experienced losses.
Second, diversification is the key to success in the Meme Coin market and indicators provide a more strategic and streamlined way for Degen investors to accomplish this.
There are several indicators, but they do not capture the true spirit of the meme market due to its centralized nature. This is the place Meme indicator Steps in offering decentralized indicators gives full control to community members, allowing them to decide which tokens can be added or removed from time to time.
However, being a community-focused project is not the only factor that has put MEME on Degen investors’ watchlist. The project’s four indicators, which are designed to complement investors’ diverse risk propensity, have also contributed significantly to its growing appeal.
The first, according to the MEME Index, is called Meme Titan and has high drawdown MEME coins, especially those in excess of the $1 billion market benchmark. Given the fact that the tokens in this basket are well-established and have stable price action, it may be a more suitable option for those looking for lower risk investment opportunities in the MEME coin market.
Known as the Moonshot indicator, Next Up features coins that are close to reaching the $1 billion market cap level. They are either listed on top tier stock exchanges or are about to list but boast a vibrant community.
There is also the MidCap indicator, which may be a worthwhile option for those who can leverage their risk profile. The Meme coins covered in this basket mostly have between $50 million to $250 million market cap but have the potential to de-tokenize. The last one, known as the Frenzy Index, is for those looking for the highest and highest risk investment opportunities.
$MEMEX – the token that powers the ecosystem – will serve as a ticket for investors to access any of the baskets. This simply means that holding the token provides a rare opportunity for investors to navigate the volatile Meme coin market in line with their own risk levels.
Most importantly, as mentioned earlier, token holders will maintain full control over how each indexes are rebalanced from time to time, making Memex a DAO-based meme coin.
This, coupled with the impressive staking perks offered by the project, has been driving strong investor interest in the token. The prequel is selling faster than expected, raising nearly $3 million within a few weeks.
While collecting Mahi Cointelegraph They discussed the importance of the MEME token’s decentralized basket offerings to the flash meme coin market.
https://www.youtube.com/watch?v=ZTHSMMQWOWLM
Popular crypto figures like Claybro have also reflected on the importance of the MEME indicator, calling it the best bet for investors aiming to crush the market.
With MEME coins being adopted every day, MEME is likely to attract a large user base, which could lead to 10x growth for MEMEX in the coming months.
Visit the meme index
