DOGE, TRUMP, MELANIA Memecoins Stage Sharp Bullish Reversal Setups

Dogecoin (DOGE), Official Trump (TRUMP), and Official Melania Meme (MELANIA) are among the worst-hit cryptocurrencies amid the market downturn triggered by the escalating US-China trade war.

In the last week, DOGE’s price has dropped approximately 18.50%. Meanwhile, its newly introduced competitors, TRUMP and MELANIA, have faced declines exceeding 30% and 25%, respectively. However, a potential bullish reversal is evident when examining the memecoins’ performance over the past 24 hours.

For example, MELANIA has increased by about 16% in just one day, while DOGE and TRUMP saw rebounds of 12% and 1%, respectively.

Let’s examine whether or not their recoveries can continue in February.

Dogecoin (DOGE) Technical Analysis — A 30% Rebound Setup Underway

DOGE is showing signs of a potential bullish breakout from an ascending triangle pattern, suggesting a 30% rally in February.

The 4-hour DOGE/USD chart highlights a tightening price range, with resistance near $0.28 and a series of higher lows indicating growing bullish momentum. A decisive breakout above the triangle’s upper trendline could propel DOGE toward $0.35, aligning with the pattern’s technical price target.

However, downside risks remain if DOGE fails to break out and instead slips below the ascending triangle’s lower trendline. A breakdown could shift momentum in favor of bears, exposing DOGE to a deeper correction toward the $0.23-$0.20 range, a key support zone for February.

The relative strength index (RSI) hovering below 50 suggests cautious optimism, with DOGE needing strong volume confirmation to sustain a breakout.

That said, traders will likely watch for a daily close above $0.28 to validate the bullish setup, while a drop below $0.25 may signal a potential bearish reversal.

Official Trump (TRUMP) Technical Analysis — Bullish Divergence Spotted

The Official Trump (TRUMP) memecoin shows early signs of a potential bullish reversal after a prolonged downtrend. The 4-hour TRUMP/USD chart indicates a bullish divergence between price action and the Relative Strength Index (RSI), suggesting that downside momentum is weakening.

TRUMP recently found support near $15.80, aligning with a key Fibonacci retracement level (0%), while RSI has begun making higher lows despite price-setting lower lows. This divergence hints at growing buying pressure. A breakout above the descending trendline could confirm a short-term reversal, with TRUMP eyeing the 50-day EMA (~$22.82) as its next resistance level.

Further up, the Volume Profile Visible Range (VPVR) shows a significant liquidity zone between $29 and $39, with the 23.6% ($29.73) and 38.2% ($39.36) Fibonacci levels aligning with these key resistance areas. Reclaiming these levels could open the door for a stronger rally toward $45.33 (50% Fib retracement).

However, failure to break above immediate resistance could lead to another retest of $15.80. A breakdown below this support risks deeper losses, with $13.50-$12.00 emerging as the next bearish targets per VPVR’s low-volume areas.

Official Melania Meme (MELANIA) Technical Analysis — A Head-and-Shoulder Breakout Underway

The Official Melania Meme (MELANIA) token is flashing a potential bullish reversal after forming an inverse head and shoulders (H&S) pattern on the 4-hour MELANIA/USDT chart. This classic technical setup suggests a shift in momentum after a prolonged downtrend, indicating that buyers are regaining control.

The pattern consists of three key elements: a left shoulder, a head (lowest point), and a right shoulder, all forming below the neckline resistance at approximately $1.70. MELANIA has successfully broken above this neckline, confirming the bullish breakout. The measured move projection suggests a potential rally toward $2.31, aligning with the pattern’s expected upside target.

Additionally, the 50-day EMA (~$1.98) remains a key resistance level that MELANIA must flip into support to sustain upward momentum. A reclaim of this level could set the stage for a continuation rally toward $2.30-$2.50 in the short term.

On the downside, failure to hold above the neckline could invalidate the bullish setup, risking a pullback to $1.50-$1.40, with the head’s low near $1.20 acting as a last line of defense.