Melania Meme Price Soars 20,000% as This Crypto ICO Hits $53 Million

Melania Meme’s price has soared more than 20,000% in the past 24 hours to trade at $11.82 as of 5:22 a.m. EST on trading volume that reached $5.7 billion.

First Lady Melania Trump announced the launch of her meme coin on the eve of Donald Trump’s inauguration, and just after her husband launched his official TRUMP coin.

Melania’s entry into the meme coin market with MELANIA caused a stir, with the token’s value increasing by over 20,000% since its debut. This rise led to a sharp decline in the value of Trump’s official coin, which fell by more than 50% as traders turned their attention to Melania’s new crypto. Initially, TRUMP had climbed to over $70, but the launch of MELANIA caused its value to drop dramatically to $30 before partially recovering to $57.

The frenzy surrounding these meme coins has also caused significant congestion within the Solana ecosystem, leading to transaction failures and delays. This downtime may be a direct result of the coin mania taking over the space.

This begs the question: will we see an IVANKA or ERIC token next? But before that happens, let’s first take a closer look at what we can expect from MELANIA.

Melania Meme Price on a sustained bullish rally

THE MELANIA Prize on the 15 minute chart poster an overall bullish trend with key moves indicating significant momentum.

Early in the chart, we see a strong uptrend supported by increased volume, pushing Melania Meme price to a local high near $11.83, according to data from GeckoTerminal.

Following this, there was a pullback as traders likely took profits, but MELANIA price formed a rounded bottom pattern. This pattern is a classic bullish continuation signal, indicating the market’s intention to resume the upward trajectory after consolidation.

The handle section of the pattern ended near the 50-period SMA (simple moving average) at $9.84, confirming support around this level before price resumes its upward movement.

Currently, Melania Meme price is hovering around $11.82, showing slight consolidation. This indicates that traders may be waiting for the next major catalyst to decide the price direction.

The RSI (Relative Strength Index) is currently at 56.01, which is in a neutral to bullish range. This level indicates that the market is not overbought, leaving room for further upward movement before the coin itself enters overbought territory.

However, this also suggests cautious optimism, as any rapid price rises could bring the RSI closer to overbought conditions.

MELANIA Price Prediction

The chart indicates strong bullish sentiment supported by the breakout of the rounded bottom pattern, increasing volume and a favorable RSI level. As long as Melania Trump price maintains support above the 50-period SMA ($9.74), the bullish momentum is likely to continue.

On the downside, strong support lies at the $9.84 level (50-period SMA). A break below this level could indicate a trend reversal, with additional support near $8.50.

As Melania Meme Price Soars, Investors Are Buying A New Frog-Themed Pepe Derivatives Called Wall Street Pepe (WEPE). Crypto YouTuber ClayBro, with over 135,000 subscribers, claims the new meme coin could grow 100x after launch.

Wall Street Pepe Racing towards the $54 million mark

Wall Street Pepe’s presale raised an impressive $53.1 million, surpassing other major projects thanks to its utility-focused approach, combining trading tools and a community-centric platform with he viral appeal of Pepe the Frog.

The project is not just another coin. This is a collective force of retail traders with a common mission: to disrupt the crypto ocean and slaughter the whales. These traders are no longer “small fish”; they have the power to move the market in their favor.

WEPE holders can join the WEPE army of degen analysts and traders who share alpha calls and proprietary market insights with each other, which then helps members make more informed investments and allows them to trade like pros.

Turning skeptics into believers from day one. 🐸 ⚔️ pic.twitter.com/usPUfQnhvD

– Pépé de Wall Street (@WEPEToken) December 26, 2024

The WEPE token also provides a passive income opportunity through its staking feature, which offers an exceptional annual percentage yield (APY) of 24%.

You can buy WEPE token from the official website here for $0.0003665 using ETH, USDT or bank card.

Buy WEPE tokens here before the presale ends in 28 days.

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