MELX (MEL) gets a bullish rating from InvestorsObserver Monday. The crypto is up 23.96% to $0.008353449919 while the broader crypto market is down 1.11%.
MELX has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MELX!
Bullish
Over the last five days, MELX has earned a Bullish 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 high of $0.00853744784105936. The crypto is 2.16% off its five-day high and is 28.15% higher than its five-day low of $0.00651859492063522.MELX price is currently above resistance. With support set around $0.00655746641986987 and resistance at $0.00698505896561763, MELX is potentially in a volatile position if the rally burns out.
MELX has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.
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.
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