Melon Trading At Bottom Prices (New ATH Possible In 2025)

6일 전

Melon (MLNUSDT) is trading at bottom prices and has been moving within a consolidation range since June 2022, a very long time.

Thinking of the long-term, mid- to late 2025, this pair looks good to start accumulating.

The support range that has been activated is the same price at which Melon traded back in late 2020, before a massive 1,465% bullish wave, which is equal to 15X.

Back in 2021, the entire bullish period lasted 336 days. If we consider something similar, from a 2024 bottom to 2025 top, we would be looking for a new high around July 2025. It can happen a few months further down the road as there can be strong variations between cycles. A new All-Time High is also possible even though I am showing conservative targets on the chart.

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