🚀 MLN/USDT – 4H Chart Market Update 🚀
MLN has shown an impressive +17% intraday surge, currently trading around $9.64 after touching a 24h high of $10.31. This breakout move has caught traders’ attention, pushing the price to levels not seen since mid-June.
🔍 Technical Outlook:
The recent spike has broken through multiple resistance zones, showing strong bullish momentum.
Price action suggests a possible bullish continuation pattern forming on the 4H timeframe. The drawn projection indicates a potential pullback/consolidation before another upward leg.
Key resistance lies around $10.50 – $11.00, which if broken, could open the path towards $12+.
Support levels to watch: $9.20 and $8.60 — holding above these zones will be crucial for sustaining bullish momentum.
📊 Market Sentiment:
Volume has surged significantly (1.21M MLN traded in the last 24h), reflecting strong interest from both retail and possibly institutional buyers.
RSI and other momentum indicators may suggest slight overbought conditions in the short term, making a brief correction likely before the next move up.
📅 Short-Term Expectation:
If MLN maintains above $9.20 after a possible retest, we could see a push towards $10.80 – $11.50 in the coming sessions. However, a drop below $8.60 may trigger a deeper retracement.
⚠ Trading Reminder: Always use risk management, especially after large price surges. Quick pullbacks are common after strong rallies.
📌 Summary:
MLN is showing signs of a strong breakout rally, with bulls in control. A healthy pullback followed by sustained buying pressure could lead to another upward breakout towards the $12 mark in the near future.
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