The chart is mixed right now, so patience is justified unless a better entry appears.
In the current Bear Quiet regime, the best-fit approach is Stay defensive and wait for confirmation. The market is weak without panic-level volatility, which usually argues for staying defensive, avoiding aggressive entries, and waiting for clearer evidence of a reversal.
Elon support and resistance levels highlight key price zones where buyers and sellers are most active. This section helps identify likely breakout areas, pullback support, overhead resistance, and the current trading range so you can evaluate trend continuation, reversal risk, and near-term crypto price direction.
| Level | Zone | Strength |
|---|---|---|
| Support 1 | $0.0₆2037 - $0.0₆2097 | |
| Resistance 1 | $0.0₆2127 - $0.0₆2175 | |
| Resistance 2 | $0.0₆2199 - $0.0₆2285 | |
| Resistance 3 | $0.0₆2286 - $0.0₆2377 | |
| Resistance 4 | $0.0₆2413 - $0.0₆2449 |
ELON clears the resistance zone at $0.0₆2127 - $0.0₆2175 and holds above it. That would strengthen the breakout case and shift attention to $0.0₆2199 - $0.0₆2285.
ELON loses the support zone at $0.0₆2037 - $0.0₆2097. That would weaken the setup and open the way toward $0.0₆2037 - $0.0₆2097.
ELON continues trading between $0.0₆2097 and $0.0₆2127. In that case, range-trading conditions remain active.
Technical indicators help summarize trend, momentum, volatility, and key price levels. They should not be used in isolation, but they can help identify whether a coin is trending, ranging, overextended, or approaching an important support or resistance level.
| Indicator | Value | Signal | Interpretation |
|---|---|---|---|
| SMA50 | $0.0₆2419 | Bearish | ELON is trading below the 50-day average. |
| SMA200 | $0.0₆2855 | Bearish | ELON remains below the long-term trend line. |
| EMA50 | $0.0₆2374 | Bearish | ELON is trading below the 50-day exponential average, which weakens the recent trend. |
| EMA200 | $0.0₆2989 | Bearish | ELON is below the 200-day exponential average, which keeps the longer-term structure under pressure. |
| RSI (14) | 37.35 | Neutral | RSI (14) is at 37.35, which keeps momentum in a balanced range. |
| Stoch RSI (14) | 10.68 | Oversold | Stoch RSI (14) is low at 10.68, which shows momentum is pressing near its recent lower extreme. |
| MACD | -8.084e-9 | Bearish | MACD is below its signal line. |
| ATR | 2.19% | Quiet | Volatility is below its 180-day median. |
| VWMA | $0.0₆2278 | Bearish | Price is below the volume-weighted average. |
| Commodity Channel Index (20) | -141.83 | Bearish | CCI (20) is weak at -141.83, which shows price is trading well below its recent average. |
| Awesome Oscillator (5, 34) | $-1.749e-8 | Bearish | Awesome Oscillator is below zero at $-1.749e-8, which supports bearish momentum. |
| Williams Percent Range (14) | -81.71 | Oversold | Williams Percent Range (14) is near the bottom of its recent range at -81.71. |
| Bull Bear Power (13) | $-1.609e-8 | Bearish | Bull Bear Power (13) is negative at $-1.609e-8, which suggests sellers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 34.03 | Neutral | Ultimate Oscillator is at 34.03, which suggests momentum is balanced across its short, medium, and long windows. |
| Hull Moving Average (9) | $0.0₆2096 | Bullish | ELON is trading above the Hull Moving Average (9), which supports the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.0₆2549 | Bearish | ELON is trading below the Ichimoku base line, which points to weaker structure. |
Over the past 7 days, Elon price was most positively correlated with the price of Sky (SKY), Ethereum (ETH), Polygon Ecosystem Token (POL), Binance Coin (BNB) and GateToken (GT) and most negatively correlated with the price of LEO Token (LEO), Pyth Network (PYTH), Monero (XMR), Basic Attention Token (BAT) and TRON (TRX).
| Name | Correlation |
|---|---|
| Sky | 0.917 |
| Ethereum | 0.902 |
| Polygon Ecosystem Token | 0.895 |
| Binance Coin | 0.891 |
| GateToken | 0.889 |
| Name | Correlation |
|---|---|
| LEO Token | -0.796 |
| Pyth Network | -0.607 |
| Monero | -0.531 |
| Basic Attention Token | -0.489 |
| TRON | -0.415 |
Elon price is positively correlated with the top 10 coins by market cap with a price of 0.478, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.592. Currencies that are positively correlated with Elon indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Elon, a move in one direction for Elon would translate into a move in the opposite direction for the negatively correlated coin.
