- The launch of Melania came next to a net sale on the market.
- Melania seemed to absorb the liquidity of altcoins, but the same has been downwards since then.
Melania’s official Melania (Melania) was launched on January 19, on the eve of Donald Trump’s presidential inauguration, a day after the launch of Trump’s official same.
The launch of Melania came in parallel with great volatility for the rest of the market.
Source: Total3 on tradingView
Altcoin market capitalization excluding Ethereum (ETH) has been shown above. He had been in a range since the end of November and broke under the sale on Monday.
The drop in market capitalization of 6.11% Altcoin on January 19 also saw a rejection of Bitcoin (BTC) of $ 106,000, BTC reaching $ 99.7,000 before being limited to $ 109.5,000 per $ the following day.
Melania even continues to crater-is there hope for recovery?
Source: Melania / USDC on CoinmarketCap
Since he reached the vertiginous summits of $ 13.63 on January 20, Melania has been down 87.6%.
The one hour graph has shown beach training in the last three days (purple) which has increased from $ 1.395 to $ 1.73, at the time of the press.
The same was negotiated in the upper half of this range, and its short -term technical indicators showed a bullish promise. OBR tends to be higher and has trained higher in the last 24 hours.
Realistic or not, here is Melania’s market capitalization in terms of the BTC
The RSI also recovered and pushed above the neutral 50 on the time graph. Together, they showed momentum up was high in the short term.
This could be enough to break the peaks in the range and generate prices to the next supply area at $ 2 to $ 2.1, which was a psychological and technical resistance.
Notice of non-responsibility: The information presented does not constitute financial investments, exchanges or other types of advice and is only the opinion of the writer
