Technical Analysis: $MLN
/USDT
As we analyze the current trend of MLN/USDT, the market shows a bullish sentiment. Here are the key points to watch:
Current Price: $17.48
24h High: $17.64
24h Low: $17.09
Key Support and Resistance Levels:
1. Target 1: $17.64 (Resistance Level)
The recent high indicates strong selling pressure around this level. A breakout above this resistance could signal further bullish momentum.
2. Target 2: $18.00 (Psychological Level)
A round number like $18 often acts as a significant psychological barrier. If the price approaches this level, watch for potential profit-taking or increased buying interest.
3. Target 3: $18.50 (Potential Bullish Target)
If upward momentum continues, the next key resistance could be around $18.50. A sustained move above this could open doors for further gains.
Indicators to Watch:
SAR (0.02, 0.2) is currently at $17.30, indicating a potential support zone.
The depth shows a relatively balanced market with a slight edge toward buyers at 2.32%.
Conclusion:
Keep an eye on these target levels as MLN/USDT navigates through current market conditions. It’s crucial to manage your risk and stay informed of market dynamics.
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