Mellania, which lost 70 %in the last 30 days, is traded at the lowest level of all time. The excessive tendency in the market merged with the indifference of investors and made the weakness of the price of the token even more pronounced.
Technical Indicators point to decline for melania
The relative power index of Melania (RSI) is currently at 38.5 and has fallen below 50 since February 14th. This shows that sales pressure in the market is strong and the decline tendency continues.
BBTREND (provides detailed information about market trends) indicator is at -13.1, and has been in the negative area for the last two days. BBTREND’s fall below zero reveals that the downward movement on the market is strong and that the token is under pressure.
It is accepted that when the RSI lands below 30, it is considered to be entered into the over -selling area and this can be considered as a purchase opportunity. However, Mellania has not yet reached this point because it is 38.5. If the current sales pressure continues, the price of the token may further decline.
Price is about to lose 1 dollar support level
Although the market value is 665 million dollars, it has lost 90 %of the highest level of all time. This big decline shows that investors are cautious and avoiding purchases.
If the sales pressure continues, the price of Melania may decrease below $ 1. However, if the price manages to break the resistance level of $ 1.39, an increase up to $ 1.61 may be seen. Nevertheless, considering the general aspect of the market, it is emphasized that investors should be careful.
While the price of melania declines, Kriptokoin.comAs we have transferred, Fake Token, Mellania and Trump, collects volume in recent weeks.
To be aware of last -minute developments Twitter ‘ in, Facebookin And Instagram follow and follow Telegram And Youtube Join our channel!
