Altcoin News Daily Official TheBitTimes.com

The Official Melania Meme price skyrocketed 18% in the last 24 hours to trade at $1.688 as of 02:51 a.m. EST on trading volume that surged 73% to $202 million. Official Melania Meme Price Aims For A Breakout The MELANIA price chart on the 1-hour timeframe shows a strong initial price surge followed by a prolonged downtrend.  Price action for the Official Melania Meme is currently forming a falling wedge pattern, characterized by two downward-sloping trendlines that converge. This pattern is typically bullish, as it often precedes a breakout to the upside. Recently, the price of Official Melania Meme has been consolidating near the upper boundary of the wedge around $1.87, suggesting a potential breakout attempt, data from GeckoTerminal shows.  The 50-period Simple Moving Average (SMA) on the 1-hour chart is at $1.5359, while the 200-period SMA is at $1.9843. MELANIA is currently testing the 50-period SMA, which could act as support if broken to the upside. However, the ...

Blockchain tracking firm Lookonchain says crypto whales are taking massive memecoin trades amid the market downturn. According to Lookonchain, one unlucky whale is now seeing red after once having made $11.8 million in profit on President Donald Trump’s memecoin, Official Trump (TRUMP). “This whale who made a $11.8 million profit on TRUMP spent another $33.9 million to buy 766,083 TRUMP at $44.25 and has now lost $21 million. He lost all his profits and over $9 million of his initial capital!” TRUMP is trading for $17.61 at time of writing, down 5.1% in the last 24 hours. Next up, Lookonchain reports a crypto whale just scooped up a massive amount of Melania (MELANIA), the official memecoin of Melania Trump, wife of US President Donald Trump, after the altcoin bounced off a low of $1.39. “A mysterious whale created a new wallet [Tuesday] and withdrew 10 million USDC from Binance to buy 6.69 million MELANIA at $1.50.” MELANIA is tra...