Crypto · rank #1708

Enzyme MLN

$1.44-0.0% 1d+16.1% 7d+15.2% 30d

Red List Recovering Phoenix · monthly · score 87.5 mixed

Monthly: forming bar is a green 2-Up. Last confirmed swing low 1.13 (Aug 2026), month 1 of a cycle that has typically run 4. Cycle-low confidence 30%.
Weekly: forming bar is a green inside bar. Last confirmed swing low 1.13 (Aug 2026), week 3 of a cycle that has typically run 4. Cycle-low confidence 55%.
Daily: bar is a green inside bar. Last confirmed swing low 1.32 (2026-09-05), day 2 of a cycle that has typically run 5. Cycle-low confidence 42%.
Red List: 92% below the 2025-10-20 high; +27% off the 365-day low.
Phoenix: 97% decline over 29 months, monthly swing low confirmed (next-bar), now +27% above the trough; no weekly pullback yet — the entry is the pullback, never the chase.
Gauges: Mayer multiple 0.65 (cheap); -89% vs the 200-week average; -99% from the all-time high.

From the peak to today, log scale

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

stopped falling, by the rules

Score 87.5

CoinGecko + DefiLlama, pulled 2026-09-07 .xlsx

Health80 / 100 · Strong

Liquidity (24h volume / market cap) can you get out	20.75 %	15.0 / 15
Supply overhang (FDV / market cap) unlocked supply waiting to sell	1.0 x	15.0 / 15
Size (market-cap rank) survivorship	1708 #	0 / 15
Usage (price / annualized fees) fees people actually pay to use it (DefiLlama)	34.9 x	18.3 / 20
TVL backing (market cap / TVL) capital parked in it (DefiLlama)	0.05 x	15.0 / 15
Fee momentum (30d vs prior 30d) is usage growing into the recovery	17.2 %	6.7 / 10
Age on Coinbase survived a cycle	5.2 yrs	10.0 / 10

7 of 7 measurable; score renormalized over what was measurable.