$MLN is currently trading around 4.85 USDT, down roughly −2.4%, showing continued weakness after failing to hold higher levels. Price previously spiked toward the 5.30–5.35 zone, but strong selling pressure rejected the move, triggering a steady pullback.
After the rejection, $MLN formed a short consolidation before resuming its decline. The recent drop toward 4.82 highlights bearish control, with buyers only stepping in for a modest bounce. Current candles suggest weak demand and a lack of strong follow-through from bulls.
From a broader perspective, $MLN remains in a downtrend structure, with lower highs and lower lows visible on the chart. As long as price stays below the 5.00–5.10 area, upside attempts are likely to face selling pressure.
📌 Key Levels to Watch
Support: 4.80 – 4.65
Resistance: 5.00 – 5.15
Overall, MLN is trading in a bearish continuation phase. A strong hold above support with rising volume could trigger a short-term relief bounce, but failure to defend current levels may lead to further downside.
