Based on today's classical pivot point (P1) with the value of $0.01821, Merit Circle has support levels of $0.01800, $0.01760, and the strongest at $0.01739. Similarly, Merit Circle resistance levels are at $0.01861, $0.01882, and $0.01922.
| # | Price | Strength |
|---|---|---|
| S1 | $0.01800 | |
| S2 | $0.01760 | |
| S3 | $0.01739 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.01861 | |
| R2 | $0.01882 | |
| R3 | $0.01922 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 70.59 | SELL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 99.62 | SELL |
| Commodity Channel Index (20) | 155.61 | SELL |
| Average Directional Index (14) | 34.93 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -0.38 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 82.73 | SELL |
| VWMA (10) | 0.02 | BUY |
| Hull Moving Average (9) | 0.02 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.02 | NEUTRAL |
Over the past 7 days, Merit Circle price was most positively correlated with the price of DeXe (DEXE), Immutable X (IMX), GateToken (GT), TRON (TRX) and Celestia (TIA) and most negatively correlated with the price of Midnight (NIGHT), Artificial Superintelligence Alliance (FET), Gnosis (GNO), Polkadot (DOT) and Quant (QNT).
| Name | Correlation |
|---|---|
| DeXe | 0.801 |
| Immutable X | 0.778 |
| GateToken | 0.759 |
| TRON | 0.740 |
| Celestia | 0.710 |
| Name | Correlation |
|---|---|
| Midnight | -0.571 |
| Artificial Superintelligence Alliance | -0.519 |
| Gnosis | -0.459 |
| Polkadot | -0.454 |
| Quant | -0.440 |
Merit Circle price is positively correlated with the top 10 coins by market cap with a price of 0.181, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.169.
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.
