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

Read more detailed info about this tool

Melon price levels prediction for next 7 days

Next 7 days brief prediction

Price of MLN has broken last trend and will RAISE from the support level $21.599998

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
$57.602943420410156 Weight: 12.229 18 Nov 2017
$55.56760787963867 Weight: 47.258 22 Jun 2021
$52.89741134643555 Weight: 13.336 19 Apr 2018
$52.242462158203125 Weight: 15.645 26 Jan 2022
$51.9884033203125 Weight: 16.271 27 Jan 2022
$50.124114990234375 Weight: 36.425 24 Jan 2022
$47.048702239990234 Weight: 43.402 18 Mar 2018
$42.80672073364258 Weight: 14.507 12 May 2018
$42.221012115478516 Weight: 52.83 24 May 2021
$24.090789794921875 Weight: 16.578 13 May 2022

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
21.599998 Minimal price support level based on 7 days movements

Melon price levels prediction for next 30 days

Next 30 days brief prediction

Price of MLN has broken last trend and will RAISE from the support level $23.36

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
$63.55841064453125 Weight: 36.822 15 Dec 2017
$60.27228927612305 Weight: 18.098 08 Dec 2017
$55.56760787963867 Weight: 47.258 22 Jun 2021
$52.242462158203125 Weight: 15.645 26 Jan 2022
$51.9884033203125 Weight: 16.271 27 Jan 2022
$50.124114990234375 Weight: 36.425 24 Jan 2022
$47.048702239990234 Weight: 43.402 18 Mar 2018
$42.221012115478516 Weight: 52.83 24 May 2021
$24.090789794921875 Weight: 16.578 13 May 2022
$21.31764793395996 Weight: 34.564 14 Jan 2021

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
23.36 Minimal price support level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.6049152 details, prediction
0.55250645 details, prediction
0.5483763 details, prediction
0.47142956 details, prediction
0.42733133 details, prediction
Second tier
0.668741 details, prediction
0.6363051 details, prediction
0.6188573 details, prediction
0.6098003 details, prediction
0.5946915 details, prediction
Third tier
0.9855197 details, prediction
0.7794302 details, prediction
0.7411159 details, prediction
0.7019491 details, prediction
0.6918222 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
-0.3289709 details, prediction
-0.24853326 details, prediction
-0.22632182 details, prediction
-0.15313587 details, prediction
-0.105483145 details, prediction
Second tier
-0.35934025 details, prediction
-0.29942417 details, prediction
-0.14170985 details, prediction
-0.12837227 details, prediction
-0.07387995 details, prediction
Third tier
-0.6309829 details, prediction
-0.42057246 details, prediction
-0.4179559 details, prediction
-0.4136317 details, prediction
-0.3748574 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)