$MLN has exploded over the past 24 hours, driven by strong buying momentum and growing community excitement.
Bullish Highlights
1. MLN surged over 47 percent from $5.23 to $7.69 with EMA signals supporting a strong short term uptrend.
2. Trading volume spiked, with multiple hourly sessions clearing $4M, showing heavy market participation.
3. MACD remains firmly bullish and the community is eyeing ambitious targets around $11.
Risks
1. RSI previously hit an extreme 95.47, signaling an overbought zone and higher correction risk.
2. MACD histogram shows signs of weakening and some profit taking has already appeared.
3. The price has stretched significantly, increasing the likelihood of a technical pullback.
Market Sentiment
The crowd is strongly leaning bullish, fueled by MLN’s breakout move. Still, a portion of traders remains cautious about a short term correction.
