Melania Trump’s meme coin, MELANIA, has experienced a significant rebound with a 19% gain in the past 24 hours after recently reaching a historic low of $1.23.
MELANIA outperformed major digital assets, with market momentum fueled by increased trading activity now totaling $203 million, a 78% rise. The price movement is supported by stronger demand, not manipulative trades, suggesting sustained bullish momentum.
Open interest in MELANIA rose by 56%, pointing to trader confidence. Technical indicators signal further growth potential, forecasting a possible price increase beyond $2. Nonetheless, if the rally subsides, a price decline to the recent low may occur.