The asset looks technically constructive, but the current entry quality is not perfect.
In the current Bull Quiet regime, the best-fit approach is Trend following / buy dips. Trend conditions are constructive and volatility is contained, which usually favors following the move higher and looking for pullbacks instead of fading strength.
Merit Circle 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 | $0.01737 - $0.01754 | |
| Support 2 | $0.01636 - $0.01653 | |
| Support 3 | $0.01596 - $0.01630 | |
| Support 4 | $0.01533 - $0.01546 | |
| Resistance 1 | $0.01810 - $0.01823 | |
| Resistance 2 | $0.01844 - $0.01855 | |
| Resistance 3 | $0.01864 - $0.01892 | |
| Resistance 4 | $0.01933 - $0.01950 |
MC clears the resistance zone at $0.01810 - $0.01823 and holds above it. That would strengthen the breakout case and shift attention to $0.01844 - $0.01855.
MC loses the support zone at $0.01737 - $0.01754. That would weaken the setup and open the way toward $0.01636 - $0.01653.
MC continues trading between $0.01754 and $0.01810. 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 | $0.01563 | Bullish | MC is trading above the 50-day average. |
| SMA200 | $0.01575 | Bullish | MC remains above the long-term trend line. |
| EMA50 | $0.01618 | Bullish | MC is holding above the 50-day exponential average, which supports the recent trend. |
| EMA200 | $0.02371 | Bearish | MC is below the 200-day exponential average, which keeps the longer-term structure under pressure. |
| RSI (14) | 66.85 | Neutral | RSI (14) is at 66.85, which keeps momentum in a balanced range. |
| Stoch RSI (14) | 0.0₁₃9010 | Oversold | Stoch RSI (14) is low at 0.0₁₃9010, which shows momentum is pressing near its recent lower extreme. |
| MACD | 0.0007180 | Bearish | MACD is below its signal line. |
| ATR | 0.7535% | Quiet | Volatility is below its 180-day median. |
| VWMA | $0.01795 | Bearish | Price is below the volume-weighted average. |
| Commodity Channel Index (20) | -1.19 | Neutral | CCI (20) is at -1.19, which keeps price relatively close to its recent average. |
| Awesome Oscillator (5, 34) | $0.001586 | Bullish | Awesome Oscillator is above zero at $0.001586, which supports bullish momentum. |
| Williams Percent Range (14) | -90.14 | Oversold | Williams Percent Range (14) is near the bottom of its recent range at -90.14. |
| Bull Bear Power (13) | $0.00001990 | Bullish | Bull Bear Power (13) is positive at $0.00001990, which suggests buyers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 28.35 | Oversold | Ultimate Oscillator is weak at 28.35, which suggests multi-timeframe downside momentum may be stretched. |
| Hull Moving Average (9) | $0.01770 | Bullish | MC is trading above the Hull Moving Average (9), which supports the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.01635 | Bullish | MC is trading above the Ichimoku base line, which supports bullish structure. |
Over the past 7 days, Merit Circle price was most positively correlated with the price of OKB (OKB), TRON (TRX), Solana (SOL), Sun Token (SUN) and Pudgy Penguins (PENGU) and most negatively correlated with the price of Pyth Network (PYTH), Filecoin (FIL), Pi Network (PI), JUST (JST) and Quant (QNT).
| Name | Correlation |
|---|---|
| OKB | 0.723 |
| TRON | 0.710 |
| Solana | 0.671 |
| Sun Token | 0.664 |
| Pudgy Penguins | 0.651 |
| Name | Correlation |
|---|---|
| Pyth Network | -0.872 |
| Filecoin | -0.826 |
| Pi Network | -0.765 |
| JUST | -0.731 |
| Quant | -0.715 |
Merit Circle price is negatively correlated with the top 10 coins by market cap with a price of -0.015, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.134. Currencies that are positively correlated with Merit Circle 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 Merit Circle, a move in one direction for Merit Circle would translate into a move in the opposite direction for the negatively correlated coin.
