Here's a clear technical breakdown of the $MELANIA
/USDT Perpetual Futures market 📊🔥:
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📌 MELANIA/USDT Overview
Metric Value
Last Price $0.2528 🔻
INR Equivalent ₹72.05 (-3.40%) 🔻
Mark Price $0.2528
24h High $0.2658 🔼
24h Low $0.2376 🔽
24h Volume (MELANIA) 96.43M 🪙
24h Volume (USDT) $23.93M 💵
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📈 Technical Indicators
Indicator Value
Current Volume 344,707 📉
MA (5) 756,725.40
MA (10) 651,745.73
➡️ Price is decreasing while the moving averages are high, suggesting recent volatility or correction.
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🔍 Key Levels
🔺 Resistance Zones
$0.2658: 24h high, short-term ceiling
$0.2700+: Psychological resistance
🔻 Support Zones
$0.2507 – $0.2450: Near-term support
$0.2376: Daily low, critical defense zone
$0.2300: Stronger base if sell pressure increases
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🧠 Market Sentiment
📉 -3.40% decline suggests bearish momentum
🟡 High trading volume with a falling price may indicate distribution
🧭 Need to see a bounce from support before considering entries
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✅ Summary with Emojis
🔻 Price slipping, likely facing sell pressure
📊 Volume decent, but direction unclear short-term
🛑 Key support at $0.2450 – $0.2376
🔍 Wait for bullish confirmation or volume spike to the upside
⚠️ Avoid chasing entries unless there's a bounce from support or a breakout above $0.265
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