Jakarta, Pintu News – The MELANIA token market has recently witnessed a significant increase in buying activity, signaling a potential trend reversal. Recent analysis shows that buyers have taken a big step by acquiring as many as 402,000 tokens.
This reflects the dominance of buyers in the market, with more buy orders than sellers. This raises the question, will MELANIA experience a sustained upward trend?
The MELANIA market is showing strong signs of recovery with buyers taking control. From the recorded data, it can be seen that there was a positive delta increase of 140,000 tokens, which signifies more buying transactions than selling.
Sellers exiting the market reached 261,000 tokens, but they are now a smaller force than in previous days. This indicates a shift in power in the market that may have an impact on future price dynamics.
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Based on analysis from AMBCrypto, the bullish or optimistic sentiment towards MELANIA is getting stronger. The Long-Short ratio shows that 68% of traders hold long positions, while only 31% choose short positions.
This reflects a strong belief in the potential for further price increases. With high trading volume and buyer bias, MELANIA token seems to be in a good position to surge on the price chart.
If current market conditions continue and the upward trend continues, MELANIA is expected to meet the next significant resistance at around $0.53. The recent price increase has made many investors who had previously incurred losses now start to gain profits.
This can be an added motivation for traders to continue to maintain or even increase their positions in the market. However, it is important to stay alert to changes in market conditions that can occur at any time.
With all these indicators, MELANIA shows potential to not only appeal to short-term traders but may also offer opportunities for long-term investors. Although the crypto market is known for its volatility, current analysis suggests that MELANIA may be preparing for a more stable growth phase. Investors and traders are advised to constantly monitor market indicators and current news to make informed investment decisions.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.