Trump’s meme coin crashes as Melania’s token skyrockets on Inauguration Day, stealing the spotlight and sparking speculation.
As Donald Trump takes office, his wife, Melania Trump, is also making waves—but in the crypto market. The Melania token ($MELANIA), a meme coin tied to the former First Lady, has surged to an impressive $11.13, captivating traders and speculators alike. With inauguration day fueling renewed interest in politically branded cryptocurrencies, $MELANIA is stealing some of the spotlight from the $TRUMP token.
Melania Token Price Analysis: Key Levels to Watch
Current Price: $11.13, following an intraday spike that saw highs of $11.60.
Resistance Levels:
$11.50: Immediate resistance that $MELANIA needs to clear to maintain its bullish trajectory.
$12.00: A psychological level and a potential target for traders if the rally continues.
Support Levels:
$10.50: The first line of defense if the price pulls back.
$9.80: A stronger support zone that could attract buyers in case of corrections.
Why Is $MELANIA Surging Today?
Inauguration Day Momentum: Trump’s return to the White House has created significant buzz in the crypto space, and $MELANIA is riding the wave of this attention.
Meme Coin Appeal: Much like $TRUMP, the $MELANIA token taps into the viral power of memes, combining humor with the allure of cryptocurrency speculation.
Trading Frenzy: High trading volumes are pushing $MELANIA higher, as both crypto enthusiasts and casual traders jump on the bandwagon.
Is $MELANIA the Next Big Meme Coin?
While $MELANIA’s rally is impressive, its long-term potential remains uncertain. Meme coins are known for their dramatic peaks and volatile corrections, making $MELANIA a high-risk, high-reward play. However, its connection to a global political figure gives it an edge that few other meme coins can claim.
Conclusion: $MELANIA Joins the Inauguration Day Crypto Boom
The Melania token has become an unexpected player in the inauguration day excitement, capturing the imagination of traders worldwide. As $MELANIA hovers near key resistance levels, all eyes are on whether it can sustain its upward momentum—or if it’s destined for a swift correction.
Regardless of what happens next, one thing is clear: the Trump family is making headlines both in politics and in the crypto market.
This post was last modified on Jan 20, 2025, 10:15 GMT 10:15
Lilly Mwogah is a finance writer specializing in cryptocurrencies, forex, and indices. Passionate about simplifying complex financial topics, she creates engaging content for a broad audience. With a solid grasp of market trends and economic indicators, her work informs and empowers readers to navigate the dynamic finance world.