Melania Meme (MELANIA) by First Lady Melania Trump is flashing what could be its most explosive setup yet, with technical indicators aligning for a potential surge of nearly 900%.
This potential was highlighted by pseudonymous cryptocurrency analyst Master Ananda in a TradingView post on August 27, who noted that after months of steady decline, the token bottomed on July 8, with trading volume surging as the downtrend lost steam.
Since then, the coin has held a sideways structure but is now showing early recovery signals. Notably, on August 25, MELANIA formed a higher low compared to July, accompanied by a sharp uptick in trading volume, a sign that momentum may be shifting in favor of the bulls.
The price has also climbed above key moving averages on the daily chart, signaling the start of a new bullish cycle. This combination of higher lows, moving average breakouts, and rising volume provides the recovery, reversal, and confirmation signals traders typically watch for before a rally.
Therefore, Ananda projects that a medium-strength bullish wave could carry the token to $1.26, representing a potential 487% return from current levels around $0.21.
More aggressive targets place MELANIA at $2.10, an 877% upside, with room for further gains if bullish momentum accelerates.
MELANIA price analysis
At press time, MELANIA was trading at $0.2073, up almost 2% in the past 24 hours and 3.2% on the weekly chart.
Still, despite strong technical indicators pointing to possible growth, MELANIA’s prospects will also depend on the broader market trajectory, as the token has closely mirrored other assets in recent months.
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