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$MELANIA
#MELANIAUSD t has delivered a sharp vertical breakout on the weekly chart, surging +86.5% to trade near the 0.1308 region after spiking to an intraday high near 0.1650. This strong expansion candle snaps a multi-week downtrend that saw price bottom out around the 0.0650 macro support floor.
The nearest support sits around 0.1000–0.1100, which serves as the immediate demand zone on any short-term retracement. Below that, the primary structural floor rests near 0.0750–0.0800. Overall, the higher-timeframe market structure reflects a rapid momentum surge off the lower range boundary.
Traders should monitor whether price can maintain a weekly close above 0.1200 to establish a stable base for continuation. A pullback below 0.1000 could trigger profit-taking and range consolidation back toward 0.0850. On the upside, a clean extension above 0.1650 opens the path toward the 0.1800 and 0.2000 supply targets.
#MELANIAUSD t has delivered a sharp vertical breakout on the weekly chart, surging +86.5% to trade near the 0.1308 region after spiking to an intraday high near 0.1650. This strong expansion candle snaps a multi-week downtrend that saw price bottom out around the 0.0650 macro support floor.
The nearest support sits around 0.1000–0.1100, which serves as the immediate demand zone on any short-term retracement. Below that, the primary structural floor rests near 0.0750–0.0800. Overall, the higher-timeframe market structure reflects a rapid momentum surge off the lower range boundary.
Traders should monitor whether price can maintain a weekly close above 0.1200 to establish a stable base for continuation. A pullback below 0.1000 could trigger profit-taking and range consolidation back toward 0.0850. On the upside, a clean extension above 0.1650 opens the path toward the 0.1800 and 0.2000 supply targets.
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