Today, January 17, 2026, the Enzyme (MLN) coin is showing modest recovery signs after a period of consolidation. The token's performance is currently being driven by institutional interest in DeFi tokenization and its partnership with CV5 Capital.
Price Movement Today
The MLN token reached a maximum high of $5.12 earlier in the session, while finding strong support at a daily low of $4.89. Currently, it is hovering around the $4.96 mark, reflecting a slight stabilization as it attempts to break through key resistance levels.
Trading Signal: Cautionary Bullish
Technical indicators present a Buy/Neutral signal for short-term traders. The Relative Strength Index (RSI) is currently sitting near 45, suggesting the asset is neither overbought nor oversold, providing room for upward movement. However, for a confirmed breakout, MLN needs to sustain a close above the $5.08 resistance level with increased trading volume.
Entry Zone: Between $4.90 and $4.95 for those looking for a swing trade.
Target Goal: Short-term profit taking is recommended near $5.15, with a secondary target of $5.32 if the broader DeFi market continues its rally.
Stop Loss: Consider a tight exit if the price slips below $4.80 to mitigate downside risks.
