Here's a clear technical breakdown of the $MELANIA
/USDT Perpetual Futures market ๐๐ฅ:
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๐ MELANIA/USDT Overview
Metric Value
Last Price $0.2528 ๐ป
INR Equivalent โน72.05 (-3.40%) ๐ป
Mark Price $0.2528
24h High $0.2658 ๐ผ
24h Low $0.2376 ๐ฝ
24h Volume (MELANIA) 96.43M ๐ช
24h Volume (USDT) $23.93M ๐ต
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๐ Technical Indicators
Indicator Value
Current Volume 344,707 ๐
MA (5) 756,725.40
MA (10) 651,745.73
โก๏ธ Price is decreasing while the moving averages are high, suggesting recent volatility or correction.
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๐ Key Levels
๐บ Resistance Zones
$0.2658: 24h high, short-term ceiling
$0.2700+: Psychological resistance
๐ป Support Zones
$0.2507 โ $0.2450: Near-term support
$0.2376: Daily low, critical defense zone
$0.2300: Stronger base if sell pressure increases
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๐ง Market Sentiment
๐ -3.40% decline suggests bearish momentum
๐ก High trading volume with a falling price may indicate distribution
๐งญ Need to see a bounce from support before considering entries
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โ Summary with Emojis
๐ป Price slipping, likely facing sell pressure
๐ Volume decent, but direction unclear short-term
๐ Key support at $0.2450 โ $0.2376
๐ Wait for bullish confirmation or volume spike to the upside
โ ๏ธ Avoid chasing entries unless there's a bounce from support or a breakout above $0.265
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