Even the same corner of Melania Trump, Melania, has made a high return, noting a sharp increase of 19% in the last 24 hours. This occurs after the same room plunged to a hollow of $ 1.23 during the negotiation session on Monday.
Melania is currently carrying out market gains, outperforming the main digital assets as demand increases. With the increase in purchase pressure, this upward trend could continue.
Melania sees the resurgence of commercial activities
Overvoltage of demand for Melania is obvious in its growing trading volume. At the time of the press, this totaled $ 203 million, climbing 78% in the last 24 hours.
When an increase in the volume of negotiation accompanies the prices rally of an asset, it indicates a strong conviction on the market, because more and more participants actively buy the room.
High trading volumes like this confirm the legitimacy of the price movement. It shows that Melania’s Rally is motivated by the real demand for money and not fueled by manipulative trades. This signals the probability of sustained momentum, increasing the chances of continuing the rally.
In addition, Melania’s open interest has also climbed 56% in the last 24 hours, highlighting the high demand for a token. According to Coinglass data, this is $ 75.44 million at the time of the press.
Open interest measures the total number of future or options of options that remain unstable. When he climbs during a price rally, he suggests that new funds enter the market, strengthening the upward trend and indicating strong confidence of traders in the continuous price movement.
Melania price prediction: the key indicator indicates more upwards
On the daily graphic, the Silver Silver Flow of Melania (CMF), which measures the silver flow of an asset, should break above the zero line. This configuration indicates an increase in purchase pressure and the potential passage to a sustained upward trend.
If this trend continues, Melania could prolong her earnings And exceed $ 2.
On the other hand, if the rally of the piece even decreases, the price of Melania could review its hollow of $ 1.23.
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