The news highlights that MELANIA, a meme coin, is currently trading at all-time lows and has experienced a significant decline of 70% in the last 30 days. The market's lack of attention towards MELANIA is evident, as a recent token unlock of $39 million had no significant impact on its price. Technical indicators, such as the RSI and BBTrend, indicate persistent bearish momentum and ongoing selling pressure. The RSI has remained below 50 since February 14, reflecting the dominance of bearish sentiment. The BBTrend is negative, suggesting strong bearish momentum and a potential for further downside. Despite its market cap of $665 million, investors remain hesitant to buy, keeping the price under pressure. If the downtrend continues, MELANIA could drop below $1, but if it regains bullish momentum, it might test resistance at $1.39 and potentially rise to $1.61.



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