What's Next for Neutral Rated MELX (MEL)?

Thursday, March 28, 2024 08:28 AM | InvestorsObserver Analysts

MELX (MEL) gets a neutral rating from InvestorsObserver Thursday. The crypto is down 0.03% to $0.001087593307 while the broader crypto market is up 0.39%.

MELX has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on MELX!

Neutral

Over the last five days, MELX has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of MELX over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

MELX is currently trading near its five-day low of $0.00108707952313125. The crypto is 0.15% off its five-day high and is 0.05% higher than its five-day low of $0.00108707952313125.

MELX price is well positioned between support and resistance. With support set around $0.00108717398252116 and resistance at $0.00108850135002063, has some room to run before facing resistance.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on MELX

Share this article: