Phemex Analysis #55: How to Trade MELANIA Like a Pro

The cryptocurrency world was shaken on January 20, 2025, when Melania Trump, the incoming First Lady of the United States, launched her own meme coin, MELANIA ( MELANIAUSDT.P ). Riding the wave of excitement surrounding her husband Donald Trump’s inauguration as the 47th U.S. President, MELANIA surged to an all-time high (ATH) of $14.50 within hours of its launch, boasting a market capitalization of over $2 billion. However, the hype was short-lived as the token plummeted by more than 76%, stabilizing around $3.40 by January 23. This dramatic rise and fall highlight the extreme volatility of meme coins like MELANIA.

Now, with traders closely watching its next moves, we explore two possible scenarios for MELANIA’s price action and how you can trade it like a pro.


Bullish Breakout: A Resurgence in Momentum.
After its sharp decline, MELANIA may be setting up for a bullish breakout. As of January 23, the token has formed a second low with a higher Relative Strength Index (RSI) compared to its first low on January 21. This signals that buying power is returning to the market. If MELANIA breaks above the key resistance level of $4 with high trading volume, it could indicate strong bullish momentum and open the door for further gains.

In this scenario, traders should watch for resistance levels at $5, $5.9, $8, $9.2, $10.8, and $12.9 as potential profit-taking zones. Positive sentiment around the token—possibly driven by media coverage or endorsements—could fuel further price increases.

If you’re a short-term trader, consider gradually taking profits at each resistance level to lock in gains during the rally. For long-term holders who believe in the token’s potential or its association with Melania Trump’s public profile, holding through volatility may yield greater rewards.


Bearish Drop: A Chance to Buy the Dip.
On the flip side, there’s also a risk that MELANIA could face another sharp decline if selling pressure intensifies. If the price falls below $3.29 with high trading volume and a lower RSI (below 19), it could signal further bearish momentum. In this case, psychological levels such as $3, $2, and even $1 might serve as key support zones where traders can look to buy the dip.

However, caution is essential here—if the price slows down near these levels with lower volume and higher RSI compared to previous dips, it may indicate that MELANIA is attempting to build a support base. This would present an opportunity for traders to accumulate tokens at discounted prices before any potential recovery.


Conclusion.
Trading meme coins like MELANIA is not for the faint-hearted—it’s a game of high risk and high reward. With its dramatic price swings and speculative nature, this token reflects both the opportunities and challenges of trading in volatile markets.

As Melania Trump garners attention in her new role as First Lady and continues to promote her digital asset, traders should remain vigilant and adapt their strategies based on evolving market conditions. Whether you’re riding bullish waves or buying dips during corrections, staying disciplined and informed will be your greatest advantage.

For those willing to embrace the risks, MELANIA offers an exciting opportunity to trade one of the most talked-about tokens in crypto history—so gear up and trade MELANIA like a pro!


Tips:
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.