$MLN /USDT – Heavy Sell-Off Hits DeFi Token! Oversold Zone in Sight?
Momentum Analysis:
MLN has plunged -8.63% in the last 24 hours, slipping from a high of $11.20 down to $9.26, currently stabilizing near $9.53. Selling pressure is intensifying, but the price is entering a key support zone with potential for a technical rebound.
Long Setup (For Risk-Tolerant Traders):
Entry Zone: $9.20 – $9.40
Targets:
T1: $9.90
T2: $10.13
T3: $10.37
Stop Loss: $9.00 (tight stop due to ongoing sell pressure)
Breakout Confirmation: Break above $10.13 with volume
Key Support: $9.20
Next Critical Resistance: $10.90 – $11.20
Trading Data Snapshot:
Price: $9.53 (-8.63%)
24h High / Low: $11.20 / $9.26
24h Volume:
MLN: 626,726.10
USDT: 6.38M
Depth Levels: $9.20 / $9.44 / $9.67 / $9.90 / $10.13 / $10.37
Timestamp: 2025-04-04 13:15
Pro Tip:
Watch for a potential bounce play if price holds above $9.20. Volume divergence on the 1H chart could signal reversal attempts soon. Avoid chasing unless a clean breakout above $10.13 occurs!