Date: Tue, Aug 26, 2025 | 06:40 AM GMT
The cryptocurrency market is under sharp volatility as Bitcoin (BTC) retraced to $110K from its recent high of $117K, while Ethereum (ETH) slipped 5% today to $4,400. This broader weakness has weighed on most altcoins and memecoins.
However, Official Melania Meme (MELANIA) is showing resilience with a 6% jump, and its chart is now flashing a promising signal: a key harmonic pattern that could set the stage for more upside.
Harmonic Pattern Hints at Potential Upside
On the daily chart, MELANIA is currently forming a Bearish Cypher harmonic pattern. Despite the name, this setup often unfolds with a bullish rally in the CD leg, before the price eventually approaches its Potential Reversal Zone (PRZ).
The structure began at Point X near $0.2873, slid down to Point A, rebounded toward Point B, and then corrected sharply to Point C near $0.1819. From that low, MELANIA has bounced back and is now trading around $0.1979, moving closer to retesting its 50-day moving average at $0.2187 — a crucial resistance level to watch.
According to harmonic principles, the CD leg of this formation could carry MELANIA into the PRZ between $0.2671 and $0.2873, aligning with the 0.786 and 1.0 Fibonacci extensions. A move into this zone would mark a potential 38% gain from current levels.
What’s Next for MELANIA?
For this bullish scenario to stay valid, MELANIA must break and hold above the 50-day MA at $0.2187 with strong volume. If confirmed, this breakout could open the door to an extended rally toward the $0.2873 zone.
That said, caution remains essential. If MELANIA falls back below Point C at $0.1819, the structure could break down, invalidating the bullish setup and exposing the price to deeper retracement risks.
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