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MELANIA Tops $5 Billion in Daily Volume, Outperforms TRUMP

2 mins
Updated by Daria Krasnova
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In Brief

  • MELANIA, launched by Melania Trump, leads the market as the top gainer, trading at $10.41.
  • The A/D Line and CMF confirm strong buying pressure, with the coin poised for further gains.
  • MELANIA could reclaim $13.84 or drop to $8.57, depending on accumulation and selloff trends.
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Melania Trump’s meme coin, MELANIA, has emerged as the market’s top performer in the past 24 hours. The token’s price has surged by over 46%, outperforming the top 100 crypto assets by market capitalization.

With a strengthening demand for the meme coin, MELANIA is poised to extend its gains in the short term. This analysis explains why. 

MELANIA Sees Spike in Demand

In a post on X on January 20, Melania Trump announced the launch of the MELANIA meme coin. The token immediately caught the market’s attention, pushing its price above $13 within a few hours of trading. I

While its value has since witnessed a slight pullback, the token is still up by almost 50% within the past 24 hours, leading the market as the top gainer. Its trading volume has totaled $5.12 billion within the same period. Moreover, it has outperformed TRUMP, whose price has experienced a sharp decline since MELANIA’s debut.

As of this writing, MELANIA trades at $10.10, and readings from its hourly chart confirm the surging demand for the meme coin. For example, following a slight dip in value, MELANIA’s Accumulation and Distribution (A/D) Line is now in an upward trend at 91.445 million.

MELANIA A/D Line
MELANIA A/D Line. Source Gecko Terminal

The A/D Line is a volume-based indicator that measures the flow of money into or out of an asset by comparing price movement with trading volume. When it climbs, it indicates strong buying pressure, suggesting that the asset is being accumulated, which can signal potential bullish momentum.

Furthermore, MELENIA’s Chaikin Money Flow (CMF) rests above its zero line at 0.04 as of this writing, confirming this bullish outlook. This indicator also tracks money flows into and out of an asset. When its value is positive, it indicates that buying activity outweighs selling pressure among market participants.

MELANIA CMF
MELANIA CMF. Source Gecko Terminal

MELANIA Price Prediction: New Highs Possible

MELANIA could reclaim its price peak of $13.84 if the current accumulation trend persists. If buying pressure strengthens, the meme coin could flip this zone into a support floor and climb to new highs.

MELANIA Price Analysis
MELANIA Price Analysis. Source Gecko Terminal

However, if selloffs commence, MELANIA’s price could plunge to $8.57.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Abiodun Oladokun
Abiodun Oladokun is a Technical and On-Chain Analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including decentralized finance (DeFi), real-world assets (RWA), artificial intelligence (AI), decentralized physical infrastructure networks (DePIN), Layer 2s, and meme coins. Previously, he conducted market analysis and technical assessments of various altcoins at AMBCrypto, utilizing on-chain analytics platforms like Messari, Santiment...
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