Technical analysis by NicharCapital about Symbol MELANIA: Buy recommendation (5/5/2025)

After a steep breakdown from the $0.3807 support, MELANIAUSDT has entered a prolonged period of low volatility and consolidation in the $0.32–$0.34 range. This type of price action often signals a potential accumulation phase following a capitulation move.The price has failed to reclaim the previous key level at $0.3807, which now serves as strong resistance. However, sellers are showing signs of exhaustion, with each new low being marginal and quickly bought up.I’m watching this zone closely for a volatility expansion — either a relief bounce toward $0.36–$0.38 or a breakdown to test the $0.30 psychological level.