The setup has a mild positive bias, but the reward-to-risk is not clean enough to be aggressive.
In the current Sideways Quiet regime, the best-fit approach is Range trading / mean reversion. The market is balanced and relatively calm, which tends to reward mean-reversion behavior and range trading more than breakout chasing.
Melody 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 | $0.0001293 - $0.0001331 | |
| Support 2 | $0.0001187 - $0.0001262 | |
| Support 3 | $0.0001057 - $0.0001142 | |
| Resistance 1 | $0.0001478 - $0.0001519 | |
| Resistance 2 | $0.0001519 - $0.0001545 | |
| Resistance 3 | $0.0001550 - $0.0001576 | |
| Resistance 4 | $0.0001610 - $0.0001635 | |
| Active 1 | $0.0001343 - $0.0001478 |
MELODY clears the resistance zone at $0.0001478 - $0.0001519 and holds above it. That would strengthen the breakout case and shift attention to $0.0001519 - $0.0001545.
MELODY loses the support zone at $0.0001293 - $0.0001331. That would weaken the setup and open the way toward $0.0001187 - $0.0001262.
MELODY continues trading between $0.0001331 and $0.0001478. 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 | $0.0001405 | Bearish | MELODY is trading below the 50-day average. |
| SMA200 | $0.0001262 | Bullish | MELODY remains above the long-term trend line. |
| EMA50 | $0.0001381 | Bullish | MELODY is holding above the 50-day exponential average, which supports the recent trend. |
| EMA200 | $0.0001320 | Bullish | MELODY is above the 200-day exponential average, which keeps the longer-term structure constructive. |
| RSI (14) | 49.06 | Neutral | RSI (14) is at 49.06, which keeps momentum in a balanced range. |
| Stoch RSI (14) | 93.52 | Overbought | Stoch RSI (14) is high at 93.52, which shows momentum is pressing near its recent upper extreme. |
| MACD | -7.661e-7 | Bullish | MACD is above its signal line. |
| ATR | 1.40% | Quiet | Volatility is below its 180-day median. |
| VWMA | $0.0001389 | Bearish | Price is below the volume-weighted average. |
| Commodity Channel Index (20) | 18.71 | Neutral | CCI (20) is at 18.71, which keeps price relatively close to its recent average. |
| Awesome Oscillator (5, 34) | $-0.000002968 | Bearish | Awesome Oscillator is below zero at $-0.000002968, which supports bearish momentum. |
| Williams Percent Range (14) | -33.27 | Neutral | Williams Percent Range (14) is at -33.27, which keeps price in the middle of its recent range. |
| Bull Bear Power (13) | $0.0₆7544 | Bullish | Bull Bear Power (13) is positive at $0.0₆7544, which suggests buyers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 46.69 | Neutral | Ultimate Oscillator is at 46.69, which suggests momentum is balanced across its short, medium, and long windows. |
| Hull Moving Average (9) | $0.0001386 | Bullish | MELODY is trading above the Hull Moving Average (9), which supports the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.0001458 | Bearish | MELODY is trading below the Ichimoku base line, which points to weaker structure. |
Over the past 7 days, Melody price was most positively correlated with the price of Ethena (ENA), Dash (DASH), Binance Coin (BNB), Bonk (BONK) and XDC Network (XDC) and most negatively correlated with the price of APENFT (NFT), Celestia (TIA), Injective (INJ), Aerodrome Finance (AERO) and Optimism (OP).
| Name | Correlation |
|---|---|
| Ethena | 0.628 |
| Dash | 0.540 |
| Binance Coin | 0.536 |
| Bonk | 0.436 |
| XDC Network | 0.426 |
| Name | Correlation |
|---|---|
| APENFT | -0.359 |
| Celestia | -0.326 |
| Injective | -0.286 |
| Aerodrome Finance | -0.280 |
| Optimism | -0.246 |
Melody price is negatively correlated with the top 10 coins by market cap with a price of -0.093, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.007. Currencies that are positively correlated with Melody 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 Melody, a move in one direction for Melody would translate into a move in the opposite direction for the negatively correlated coin.
