- Today’s Enzyme price is $14.90 USD with a 24-hour trading volume of $36,148,230 USD. Enzyme has risen by over 8% in the last 24 hours.
- Enzyme (MLN) has broken a short-term downward trend channel and has responded strongly to the upside. It is currently challenging to definitively determine the future trend direction.
- MLN has broken a resistance level in the short term, giving a positive signal for short-term trading. MLN has support levels at $15.00 and resistance levels at $19.30.
In our current Enzyme (MLN) coin analysis, we evaluate short, medium, and long-term views: critical resistance levels for MLN!
Short-Term MLN Analysis
Enzyme (MLN) has broken a short-term downward trend channel and has responded strongly to the upside. It is currently challenging to definitively determine the future trend direction. MLN has support levels at $13.00 and resistance levels at $16.60. Positive volume balance indicates that volume on rising days is higher than on falling days, signaling increased optimism among investors. An RSI above 70 indicates strong short-term positive momentum for the currency.
Investors have steadily bought more MLN, indicating increased optimism and an expectation of continued price increases. However, especially for major assets, a high RSI can be a sign of overbought conditions and the possibility of a downward reaction. In the short term, MLN is technically considered slightly positive overall.
Medium-Term MLN Analysis
Enzyme (MLN) is within a medium-term downward trend channel. This indicates that investors have sold MLN at lower prices over time, signaling a negative development for MLN. MLN has broken a resistance level in the short term, giving a positive signal for short-term trading. MLN has support levels at $15.00 and resistance levels at $19.30. The volume has been higher at price peaks and lower at price lows. Positive volume balance weakens the downward trend and could be an early signal of a trend reversal. In the medium term, MLN is technically considered generally neutral.
Long-Term MLN Analysis
Enzyme (MLN) is within a long-term downward trend channel. This indicates that investors have sold MLN at lower prices over time, signaling a negative development for the currency. MLN gave a negative signal by breaking the support level of $19.39 of the rectangular formation. It signals further declines towards $10.64 or lower levels. MLN broke down the support at $18.00, indicating further declines.
Positive volume balance indicates that volume on rising days is higher than on falling days, signaling increased optimism among investors. An RSI diverging positively from the price indicates a potential for an upward response. The RSI curve shows an upward trend, which could be an early signal of a rising trend for the price. In the long term, MLN is technically considered generally negative.
Enzyme (MLN) Price
Today’s Enzyme price is $14.90 USD with a 24-hour trading volume of $36,148,230 USD. Enzyme has risen by over 8% in the last 24 hours. Its current CoinMarketCap ranking is 381st, with a live market cap of $35 million USD. There are 2,366,063 MLN coins in circulation, with a maximum supply of 2,369,709 MLN coins.
Summary
Enzyme (MLN) analysis evaluates short, medium, and long-term views. Short-term analysis indicates that MLN is technically considered slightly positive overall. Medium-term analysis shows that it has broken the floor of the downward trend, giving a positive signal for the short-term trading range. Long-term analysis indicates that MLN is technically considered generally negative. These analyses can help MLN investors understand potential price movements in the future.
