MIL is currently at the tail end of its downward adjustment, with market sentiment shifting from extreme caution to a wait-and-see stance and marginal improvement in risk appetite. Technically, MIL is consolidating within the key support zone (refer to the bottom of the range), with shrinking trading volume indicating a temporary release of selling pressure. If price breaks above the upper edge of the range with volume (around the 2.15-2.20 level), a short-term upward channel may be reconstructed; it is recommended to buy on dips and dynamically set stop-loss below the range's lower bound (below 1.95). If the breakout fails, maintain a range-trading approach, keep positions light, and consider waiting on the sidelines. In summary, focus on the breakout with volume to seize structural rebound opportunities, and flexibly adjust positions and risk control levels.

Since the beginning of the year, MIL has undergone a downward adjustment, with daily candlesticks showing converging consolidation—body lengths have gradually decreased while both upper and lower shadows alternate, indicating a balance between buyers and sellers. Meanwhile, industry analysts note that early signals of overall improvement in the crypto market are beginning to emerge, providing positive momentum for MIL's market sentiment. In the short term, the market is shifting from extreme caution to a wait-and-see stance, with risk appetite rebounding somewhat. This is expected to attract more marginal funds to tentatively enter, thereby providing external momentum for a potential price bottom and rebound.

Technically, after consolidating near key support levels, MIL's trading volume has contracted, indicating a release of selling pressure. If a bullish breakout occurs accompanied by increased volume, the likelihood of reconstructing an upward channel will significantly increase. Considering the overall market sentiment has shown improvement, short-term traders can look for dip-buying opportunities after a breakout and pullback to support, while stop-loss can be set below the lower edge of the recent consolidation range to dynamically manage risk. If a breakout with volume does not occur, continue with a neutral range-trading approach and wait for a clearer trend signal.

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MIL price today is 0.01, with a live price change of 0.60 in the last 24 hours. Convert, buy, sell and trade MIL on Bybit-eu.

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