$MLN USDT TECHNICAL ANALYSIS: PRICE CONSOLIDATES NEAR SUPPORT, POSSIBLE REVERSAL AHEAD
is currently trading around $0.505, showing a slight decline of -1.75% in the last 24 hours. The price recently tested the support zone near $0.495, while facing resistance around $0.521, forming a short-term consolidation range.
On the 4H chart, appears to be stabilizing after a minor correction from the local high of $0.521. The price is hovering close to its 20-day EMA, suggesting indecision among traders. A break above $0.517ā$0.521 could trigger a bullish continuation toward $0.540, while failure to hold $0.495 support may lead to a retest of $0.480.
Trading volume remains moderate, indicating that a breakout may occur soon as volatility tightens. The RSI sits near the neutral zone, hinting at potential momentum buildup.
š Key Levels to Watch:
Resistance: $0.517 ā $0.521 ā $0.540
Support: $0.495 ā $0.480 ā $0.460
Market Sentiment: Neutral ā Slightly Bullish (if $0.495 holds)
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