Technical analysis by fugasok about Symbol MLN: Buy recommendation (12/17/2024)

Enzyme is very low cap coin dated back to 2017 bullrun and it has superb chart.There are only 1.4/2.66M tokens in the market.First of all you can see that every 900-1200 days MLN faces strong bullish momentum.Price broke up falling wedge at the beginning of december and trading above trend line (same behavior as in year 2020.At the same time RSI moved higher 50 lvl and trading above it. There was fakeout in feb. 2024 when price did not find support above the trend line (only wicks) but now whole candle body is trend line. This breakout is legit.Targets:1. At least to 2021 levels - 180$;2. Until 2017 levels at 250$;3. If we are lucky 280-300$.MLN went a bit lower than expected but main targets stays the same. Even if it drops below 10$ in coming weeks it won't change big picture.