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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