Enzyme (MLN) Coin Market Analysis – Range Trading Opportunity or Trend Shift?
Current Stats:
Price Range: $9.72 – $10.20 (Buy Zone)
Resistance Level: $17.00 (Major weekly resistance)
Market Cap: $33M
24h Volume: $48M
Listed On: All major exchanges including Coinbase
Technical Overview:
MLN is rebounding from a long-term bottom near $7 after breaking below a 1,000-day accumulation zone.
All-Time High: $242 – indicating massive downside since peak.
Currently forming higher highs: last pumps hit $15 and $16, suggesting a short-term uptrend within a broader bearish context.
Trading Strategy:
Buy Zone: $9.72 – $10.20
Target Profit Zones:
Primary Target: $12.00 (minimum expected bounce)
Stretch Target: $13.64
Stop-loss: Below $8.00 to manage downside risk
Range Setup:
The coin is showing a consistent range between $9–$16, offering 25–40% profit potential for range traders.
Watch for daily or 1D candle closure above key zones before entry for better confirmation.
Conclusion:
MLN is showing signs of range-bound bullish movement. If volume continues and price respects the buy zone, short-term swing trades toward $12–$13+ are possible. But remember — major resistance at $17 remains strong. Trade with discipline.
#MLN #EnzymeFinance #cryptotrading #MarketAnalysis #swingtrading