$MELANIA/USDT Analysis: Bearish Pressure Intensifies
Current Price: $2.263
24H High/Low: $2.419 - $2.222
$MELANIA/USDT pair is showing significant bearish momentum, with the RSI at 27, indicating oversold conditions. The MACD histogram is in the negative zone, suggesting continued downward pressure.
Key Levels to Watch
Resistance: $2.300, $2.350
Support: $2.220, $2.180
Bearish Scenario
Entry: $2.250 (on a breakdown below $2.220).
Target 1: $2.200
Target 2: $2.150
Stop Loss: $2.300
Bullish Scenario
Entry: $2.280 (on a recovery above $2.300).
Target 1: $2.350
Target 2: $2.400
Stop Loss: $2.220
Market Insight
The oversold RSI hints at a possible short-term bounce, but the overall trend remains bearish unless key resistance levels are reclaimed. Traders should monitor for volume confirmation and be cautious of false breakouts in this highly volatile environment.
