$MLN /USDT Consolidation After a Spike – Key Levels to Watch
$MLN is trading at $15.68, down 1.94% over the last 24 hours. After a dramatic spike to $18.27 followed by a sharp drop to $15.18, the price appears to be consolidating. The RSI at 50.35 indicates a neutral momentum, suggesting the market is waiting for the next decisive move.
Key Levels to Watch:
Resistance: $16.50 – A break above could trigger a recovery toward $17.50 and $18.00.
Support: $15.20 – A drop below this level could push MLN toward $14.50.
Trade Setup:
Long Entry: Above $16.50, targeting $17.50 and $18.00.
Short Entry: Below $15.20, aiming for $14.50 and $14.00.
Market Insights:
The MACD shows minimal divergence, suggesting a lack of clear momentum. A breakout from this consolidation phase will likely define MLN's next trend direction.
