#TrumpMelania Correlation: Both are following a similar patternโ€”a slight rise ๐Ÿ“ˆ followed by a sharper decline ๐Ÿ“‰. These pumps often help traders recover significant losses.

#MELANIA/USDT has dropped to $2.42, with bears firmly in control, marking a steep 12.75% decline in the past 24 hours. Selling pressure remains strong, with the pair hovering near its 24-hour low of $2.37.

**Key Levels to Monitor:**

- **Resistance:** $2.56 โ€“ A breakout above this level could signal the start of a recovery.

- **Support:** $2.25 โ€“ A breach here may pave the way for further declines, potentially targeting $2.00.

**Indicators:**

- **RSI:** Currently at 30.19, indicating oversold conditions and the possibility of a short-term bounce.

- **MACD:** Remains bearish, suggesting limited recovery potential in the near term.

**Potential Scenarios:**

1. **Recovery:** If buyers manage to push the price above $2.56, the next target could be $2.70.

2. **Further Decline:** Falling below $2.25 could accelerate selling toward $2.00, with risks of deeper losses.

Traders should exercise caution and closely monitor support and resistance levels. Implementing stop-loss strategies is advised to manage risks in this highly volatile market.

#binanceAlphaAlerts #USConsumerConfidence #TrumpCryptoSupport