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 $24.44 with $24.72 as upper border and $23.42 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
$24.090789794921875 Weight: 13.519 13 May 2022

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
24.72 Channel maximum price resist level based on 24 hours movements
23.42 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 will be traded in CHANNEL near to $24.16 with $26.079998 as upper border and $21.849998 as bottom.

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
$42.80672073364258 Weight: 14.657 12 May 2018
$42.221012115478516 Weight: 53.379 24 May 2021
$38.8497428894043 Weight: 6.644 13 Jan 2021
$34.05464553833008 Weight: 5.572 28 Feb 2021
$32.71591567993164 Weight: 11.937 06 Sep 2020
$24.090789794921875 Weight: 13.519 13 May 2022
$21.31764793395996 Weight: 34.924 14 Jan 2021
$20.722837448120117 Weight: 5.922 04 Sep 2018

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
26.079998 Channel maximum price resist level based on 7 days movements
21.849998 Channel minimum price resist level based on 7 days movements

Melon price levels prediction for next 30 days

Next 30 days brief prediction

Price of MLN will be traded in CHANNEL near to $24.16 with $25.92 as upper border and $18.92 as bottom.

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
$66.07305145263672 Weight: 15.614 08 Dec 2017
$63.55841064453125 Weight: 37.205 15 Dec 2017
$60.27228927612305 Weight: 18.286 08 Dec 2017
$55.56760787963867 Weight: 47.749 22 Jun 2021
$52.242462158203125 Weight: 15.807 26 Jan 2022
$51.9884033203125 Weight: 16.441 27 Jan 2022
$50.124114990234375 Weight: 33.92 24 Jan 2022
$47.048702239990234 Weight: 43.853 18 Mar 2018
$42.221012115478516 Weight: 53.379 24 May 2021
$21.31764793395996 Weight: 34.924 14 Jan 2021

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
25.92 Channel maximum price resist level based on 30 days movements
18.92 Channel minimum price resist level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.9660126 details, prediction
0.96446073 details, prediction
0.95996004 details, prediction
0.95805985 details, prediction
0.95431644 details, prediction
Second tier
0.96822476 details, prediction
0.96049 details, prediction
0.96028936 details, prediction
0.9589453 details, prediction
0.95394474 details, prediction
Third tier
0.971647 details, prediction
0.9698347 details, prediction
0.9672364 details, prediction
0.96621543 details, prediction
0.9659976 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
-0.44410527 details, prediction
0.7362868 details, prediction
0.7890728 details, prediction
0.848732 details, prediction
0.8582435 details, prediction
Second tier
-0.54752946 details, prediction
-0.50014883 details, prediction
-0.4570523 details, prediction
-0.44312888 details, prediction
-0.39913836 details, prediction
Third tier
-0.84957284 details, prediction
-0.74674755 details, prediction
-0.71335644 details, prediction
-0.6052165 details, prediction
-0.599457 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)