$MLN CONSOLIDATES NEAR KEY LEVELS: WILL BULLS TAKE CONTROL?
$MLN is currently trading at $22.68, showing slight gains after rebounding from the session low of $22.08. Despite testing the day’s high at $23.47, the price has faced resistance, leading to a period of sideways movement. The support at $22.44 remains crucial as buyers attempt to hold ground and push for a breakout above immediate resistance at $22.87.
The Relative Strength Index (RSI) is currently at 53.39, suggesting a neutral zone with room for potential upward momentum. The MACD reflects a modest bullish crossover, hinting at growing optimism among buyers.
If MLN can reclaim and hold above $22.87, it may signal renewed strength toward higher levels. However, failure to hold support at $22.44 could see the price retesting the lower range near $22.08.
The market remains in consolidation, with a decisive move likely soon. Traders should monitor the key levels for signals of the next breakout or breakdown.