MLN Stuck in Sideways Trend – Is a Breakout Coming?
Enzyme ($MLN ) has been moving in a narrow range between $14 and $16, showing no clear direction for several weeks. With the 25-day MA sitting slightly above the price, MLN will need significant buying volume to break through the $16 resistance zone. The 99-day MA is also weighing in at $17, adding pressure to the upside attempts.
Unless we see a strong volume surge, the likelihood of a breakout remains low, keeping the price in a consolidation zone. However, watch closely for any signs of momentum shift!
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