MELANIAUSD: Extended Downtrend + Accumulation at Key Support
After a steep breakdown from the $0.3807 support, MELANIAUSDT has entered a prolonged period of low volatility and consolidation in the $0.32–$0.34 range. This type of price action often signals a potential accumulation phase following a capitulation move.
The price has failed to reclaim the previous key level at $0.3807, which now serves as strong resistance. However, sellers are showing signs of exhaustion, with each new low being marginal and quickly bought up.
I’m watching this zone closely for a volatility expansion — either a relief bounce toward $0.36–$0.38 or a breakdown to test the $0.30 psychological level.
The price has failed to reclaim the previous key level at $0.3807, which now serves as strong resistance. However, sellers are showing signs of exhaustion, with each new low being marginal and quickly bought up.
I’m watching this zone closely for a volatility expansion — either a relief bounce toward $0.36–$0.38 or a breakdown to test the $0.30 psychological level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.