Melon price prediction

Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis can be used to build high probability forecasting of future price trends. It also can be useful to set a price on calculated levels to be sure maximum profit was received.

Disclaimer
Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk. This page performs statistical analysis of past data and can be used for assumptions about the future only taking into account the statistical probability

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Melon price levels prediction for next 24 hours

Next 24 hours brief prediction

Price of MLN will be traded in CHANNEL near to $66.92 with $68.2 as upper border and $54.28 as bottom.

Historic price levels for next 24 hours

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$96.37720489501953 Weight: 70.784 28 Dec 2017
$96.03182220458984 Weight: 72.312 17 Jan 2018
$91.27936553955078 Weight: 24.415 02 Jan 2022
$86.62128448486328 Weight: 26.639 22 Dec 2017
$74.39364624023438 Weight: 29.245 04 Jun 2021
$71.7125015258789 Weight: 30.993 26 Dec 2021
$71.0560531616211 Weight: 61.994 06 Feb 2018
$63.55841064453125 Weight: 36.62 15 Dec 2017
$55.56760787963867 Weight: 46.999 22 Jun 2021
$47.048702239990234 Weight: 43.164 18 Mar 2018

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
68.2 Channel maximum price resist level based on 24 hours movements
54.28 Channel minimum price resist level based on 24 hours movements

Melon price levels prediction for next 7 days

Next 7 days brief prediction

Price of MLN is now on EDGE at $50.07. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $82.11 with $100.020004 as upper border and $50.07 as bottom. If price will go down, it will FALL with support level $50.07

Historic price levels for next 7 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$139.22776794433594 Weight: 46.919 03 Jan 2018
$127.97586822509766 Weight: 32.221 15 May 2021
$99.9197006225586 Weight: 38.244 21 Sep 2021
$96.37720489501953 Weight: 70.784 28 Dec 2017
$96.03182220458984 Weight: 72.312 17 Jan 2018
$71.0560531616211 Weight: 61.994 06 Feb 2018
$63.55841064453125 Weight: 36.62 15 Dec 2017
$55.56760787963867 Weight: 46.999 22 Jun 2021
$47.048702239990234 Weight: 43.164 18 Mar 2018
$42.221012115478516 Weight: 52.54 24 May 2021

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
50.07 Edge price dividing trends based on 7 days movements
100.020004 Channel maximum price resist level based in case of RAISE trend on 7 days movements
50.07 Channel minimum price resist level based in case of RAISE trend on 7 days movements
50.07 Minimum price support level in case of FALL trend based on 7 days movements

Melon price levels prediction for next 30 days

Next 30 days brief prediction

Price of MLN is now on EDGE at $59.499996. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $78.899994 with $95.59999 as upper border and $59.499996 as bottom. If price will go down, it will FALL with support level $59.499996

Historic price levels for next 30 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$139.22776794433594 Weight: 46.919 03 Jan 2018
$127.97586822509766 Weight: 32.221 15 May 2021
$99.9197006225586 Weight: 38.244 21 Sep 2021
$96.37720489501953 Weight: 70.784 28 Dec 2017
$96.03182220458984 Weight: 72.312 17 Jan 2018
$71.0560531616211 Weight: 61.994 06 Feb 2018
$63.55841064453125 Weight: 36.62 15 Dec 2017
$55.56760787963867 Weight: 46.999 22 Jun 2021
$47.048702239990234 Weight: 43.164 18 Mar 2018
$42.221012115478516 Weight: 52.54 24 May 2021

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
59.499996 Edge price dividing trends based on 30 days movements
95.59999 Channel maximum price resist level based in case of RAISE trend on 30 days movements
59.499996 Channel minimum price resist level based in case of RAISE trend on 30 days movements
59.499996 Minimum price support level in case of FALL trend based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.9220188 details, prediction
0.92148304 details, prediction
0.9121504 details, prediction
0.90834993 details, prediction
0.90348923 details, prediction
Second tier
0.9304385 details, prediction
0.9052802 details, prediction
0.9045481 details, prediction
0.8985104 details, prediction
0.8841457 details, prediction
Third tier
0.93170756 details, prediction
0.901492 details, prediction
0.8958951 details, prediction
0.89544475 details, prediction
0.8952993 details, prediction


This report should be leaned to get most info about heading trends. It means that Melon price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.

It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies - Bitcoin, Ethereum and Ripple, so the prediction of their prices will affect the price of Melon
Low correlated currencies
Coin Correlation Links
First tier
-0.7764026 details, prediction
-0.6140269 details, prediction
-0.48440593 details, prediction
-0.47581515 details, prediction
-0.44055608 details, prediction
Second tier
-0.8477015 details, prediction
-0.8117067 details, prediction
-0.76206625 details, prediction
-0.75681514 details, prediction
-0.74622416 details, prediction
Third tier
-0.8641195 details, prediction
-0.7210663 details, prediction
-0.6968382 details, prediction
-0.69040596 details, prediction
-0.6812875 details, prediction


This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)