The cryptocurrency market has seen some great trends, but a few of them were turbulent like $ Melania, the Mimi currency that extracted a large amount of liquidity from the market, causing large -scale sale.
Besides the $ Trump currency, Melania’s effect on the bull’s running was an indisputable, which left many frustrating traders from its volatile performance.
However, as with any origin, there is still an opportunity to take advantage of its movements, which makes it necessary to analyze both its historical performance and potential trading settings.
source – Cryptonews YouTube channel
The official Meyan Mimi prices analysis (Melania)
When looking at the market track in Melania, the numbers draw a bleak picture. During the past 24 hours, the currency decreased by 1.18 %, with a marginal increase of only 1 % over the past week.
However, zooming to perspective for a month, it decreases by 46 %. The annual performance is more important, with a decrease of 90 % since its launch. Initially for the first time in the maximum market of $ 2.2 billion, it has since decreased to only 366 million dollars.
These statistics indicate heavy manipulation, with the huge liquidity that is diluted from retailers. However, even in treated markets, short -term price movements can provide chances of trading.
Technical analysis reveals a sharp gathering to more than $ 0.775 around 19 March, followed by a steady drop. While repeated recovery attempts are about $ 0.700 indicating strong resistance, intermittent counterattacks indicate that the hack is still possible, albeit more dangerous.
The expected size step is about 14 %, which can translate, less than 10 times the financial lever, into a profit of 140 %. However, the leverage extinguishes both risks and reward, which makes managing the appropriate risks necessary. The key levels that must be seen entering an entry at $ 0.775, with the following resistance at $ 0.847.
The plan is to enter a strong candle over the resistance with profits gradually securing, as it completes only one in three measured movements, especially in the current landmark conditions.
While $ Melania has suffered from significant decreases, the established brands and recognition of the market are still providing chances of trading.
Due to its relationship to the ongoing American political climate, Melania can see $ 2 if political accounts are paying more participation.
Best portfolio: a bullish bet with tremendous potential in the upward direction
Beyond $ Melania, there is another emerging chance in the encryption space that is the best portfolio (BEST), a pre -primary project.
Best Portfolio (Best) It is an encrypted currency that focuses on the benefit designed to compete in the encryption portfolio market, with industrial leaders such as Metamask and Trust Wallet.
Unlike the Meme currencies, Best Wallet provides a real benefit by providing early access to new encryption projects through Tokeen Launchpad. The project already raised $ 11.3 million in a period of between it, which highlighted the strong investor confidence in its long -term capabilities.
The ecosystem is designed on an entirely operating encryption wallet that supports multiple chains and provides benefits such as low transaction fees for distinguished symbol holders, high -resolution rewards, and community governance.
One of its prominent advantages is its ability to give users exclusive access to promising encryption processes and enhance investment opportunities.
The team has already developed major components such as The Best Dex and Fiat OffRAMP, crossed cross -chain exhibits and anti -fraud protection, with planning for future promotions to support more than 60 Blockchain networks.
Transparency and community participation remain essential in the project’s strategy, with the participation of repeated updates on social media.
With an ambitious road map and continuous development, the best portfolio is to place itself as a strong competitor in the competitive coding wallet space. Its success in the long run depends on providing a smooth and safe wallet experience while driving user dependence.
