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TRUMP recently found support near $15.80, aligning with a key Fibonacci retracement level (0%), while RSI has begun making higher lows despite price-setting lower lows. This divergence hints at growing buying pressure. A breakout above the descending trendline could confirm a short-term reversal, with TRUMP eyeing the 50-day EMA (~$22.82) as its next resistance level.
Further up, the Volume Profile Visible Range (VPVR) shows a significant liquidity zone between $29 and $39, with the 23.6% ($29.73) and 38.2% ($39.36) Fibonacci levels aligning with these key resistance areas. Reclaiming these levels could open the door for a stronger rally toward $45.33 (50% Fib retracement).
However, failure to break above immediate resistance could lead to another retest of $15.80. A breakdown below this support risks deeper losses, with $13.50-$12.00 emerging as the next bearish targets per VPVR’s low-volume areas.
Official Melania Meme (MELANIA) Technical Analysis — A Head-and-Shoulder Breakout Underway
The Official Melania Meme (MELANIA) token is flashing a potential bullish reversal after forming an inverse head and shoulders (H&S) pattern on the 4-hour MELANIA/USDT chart. This classic technical setup suggests a shift in momentum after a prolonged downtrend, indicating that buyers are regaining control.
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