Melania Trump's meme coin (MELANIA) has experienced a significant price surge of 19% in the past 24 hours, following a previous drop to an all-time low. The surge in demand is evident in the rising trading volume, which has increased by 78% in the past 24 hours. This suggests strong market conviction and legitimate demand for the meme coin. The open interest has also climbed by 56%, indicating high demand for the token. Technical indicators, such as the Chaikin Money Flow, suggest increasing buying pressure and the potential for a sustained bullish trend. If the trend continues, MELANIA could extend its gains and break above $2, but if the rally fades, it could revisit its all-time low.



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