$MLN Just Snapped the Downtrend! Bulls Are Back? 🟢

After weeks of bleeding red, $MLN (Enzyme) just pulled off a textbook breakout — bouncing from a low of $7.85 straight to a local high of $8.90 in just hours. Currently holding around $8.69, this could be the start of a reversal for the DeFi veteran. 👀

🔎 Chart Breakdown:

🔥 Massive Bullish Candle: Strong buy-side momentum after a long consolidation and gradual decline.

📉 Previous Trend: MLN had been down -58.68% YoY, but today's bounce of +7.02% hints at a sentiment shift.

🟢 Order Book Strength: 64.18% buyers vs 35.82% sellers — the bulls are clearly louder today.

🧠 Market Psychology:

This move likely liquidated short positions, opening the path for a trend reversal.

If $8.47–$8.50 holds as support, we could be looking at $9+ retest or even a trend reversal confirmation above $9.10.

⚡ Quick Sentiment Snap:

📊 24h High: $8.90

📉 24h Low: $7.85

📈 Volume Surge: Strong move with 420K MLN traded — that's no fluke.

💬 Are we witnessing the start of $MLN ’s DeFi comeback? Or just a dead cat bounce?

Drop your thoughts below. 👇

🛑 Not Financial Advice — just chart vibes. Always DYOR and stay sharp. 📊📉📈

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