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๐งช MLN (Enzyme), a DeFi token, is showing signs of renewed interest with an 8.12% price surge. As mid-cap DeFi assets regain traction, MLNโs setup offers a balanced mix of volatility and structure.
๐ Technical Analysis
- Short-term trend: Bullish
- Support: $8.50
- Resistance: $10.31
- Pattern: Clean upward channel with no extreme spikes
- Volume: 1.28M (MLN) vs 12.29M (USDT) โ healthy liquidity
- Indicators:
- RSI at 50.11 suggests neutral momentum
- MA(5) < MA(10) โ slight lag, but price action is catching up
- Outlook: Neutral to bullish โ confirmation needed above $10.31
๐ฐ Market Data & News
- Current Price: $9.19
- 24h Change: +8.12%
- No major headlines, but DeFi sector rotation may be lifting MLN
๐ Scenario Breakdown
- Bullish Case: Break and hold above $10.31 could open path to $11.50
- Bearish Case: Drop below $8.50 with declining volume would signal weakness
๐ Sentiment Meter
๐ Neutral โ Range-bound, no clear direction
โ ๏ธ Risk Level
๐ก Medium โ Price action is constructive, but RSI and MA signals are mixed
Will MLN flip $10.31 into support or fade back toward $8.50? Share your view ๐
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๐ Comment your bias: Bullish or Bearish?
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๐ข Reminder: This is educational content. No guarantees, no adviceโjust charts, data, and perspective.