$MLN /USDT Technical Analysis

Current Price: $5.042 (+0.60%)

24h High / Low: 5.088 / 4.900

24h Volume: 188,164 MLN | 941,987 USDT

Market Sentiment: Neutral to Slightly Bullish

Key Levels:

Support: $4.95 – $4.90 (recent low, strong buying zone)

Resistance: $5.08 – $5.10 (recent high, potential selling pressure)

Short-Term Outlook:

Price is hovering near the mid-point of its 24h range.

Momentum shows mild bullishness with low volatility, suggesting a potential small upside toward $5.08.

If buyers push above $5.10 convincingly, next target could be around $5.20 – $5.25.

Bearish Scenario:

A drop below $4.95 could test $4.90 and possibly $4.85 if selling intensifies.

Strategy:

Long: Enter near $5.00–$5.02 with targets $5.08 / $5.15, stop loss $4.95.

Short: Consider if price fails at $5.08–$5.10, targets $4.95 / $4.90, stop loss