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Enzyme (MLN): How Does the Chart Look Sunday?

Sunday, February 06, 2022 09:11 AM | InvestorsObserver Analysts
Enzyme (MLN): How Does the Chart Look Sunday?

Enzyme receives an average long-term technical score of 45 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, MLN holds a superior long-term technical analysis score than 45% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

Long-Term Technical - 45
InvestorsObserver is giving Enzyme a 45 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Enzyme!

Trading Analysis

Enzyme's price is -$30.4300000 (-32.65%) below its 100-day moving average price of $93.200000000 as its price at the moment sits at $62.770000000. Additionally, MLN is $28.5300000 (151.21%) higher than its 52-week low price of $34.230000000 while -$164.76000000 (23.19%) under its 52-week high of $227.530000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives MLN an average long-term technical score of 45. Long-term trading movement of Enzyme suggest that investors are bearish on the token at the moment. Enzyme currently has a total market cap of $112,519,129.37 to go along with its average daily volume of $56,295,000.03 worth of the currency over the past seven days. MLN's volume is below its seven day average as of the past 24 hours, with 7,491,291.85 exchanged in that period. This token's subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.

Summary

MLN's historical trading over the past year gives it a an average long-term technical score of 45 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on Enzyme (MLN).

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