The chart is fairly balanced right now, so waiting for stronger confirmation still makes sense.
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.
Mey Network 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 | $0.04402 - $0.04947 | |
| Resistance 1 | $0.06045 - $0.06328 | |
| Resistance 2 | $0.07308 - $0.07556 | |
| Resistance 3 | $0.08941 - $0.09396 | |
| Resistance 4 | $0.1009 - $0.1034 | |
| Active 1 | $0.05190 - $0.05637 |
MEY clears the resistance zone at $0.06045 - $0.06328 and holds above it. That would strengthen the breakout case and shift attention to $0.07308 - $0.07556.
MEY loses the support zone at $0.04402 - $0.04947. That would weaken the setup and open the way toward $0.04402 - $0.04947.
MEY continues trading between $0.04947 and $0.06045. 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 | $0.05874 | Bearish | MEY is trading below the 50-day average. |
| SMA200 | $0.05524 | Bearish | MEY remains below the long-term trend line. |
| EMA50 | $0.05837 | Bearish | MEY is trading below the 50-day exponential average, which weakens the recent trend. |
| EMA200 | $0.06045 | Bearish | MEY is below the 200-day exponential average, which keeps the longer-term structure under pressure. |
| RSI (14) | 35.39 | Neutral | RSI (14) is at 35.39, which keeps momentum in a balanced range. |
| Stoch RSI (14) | 0.00 | Oversold | Stoch RSI (14) is low at 0.00, which shows momentum is pressing near its recent lower extreme. |
| MACD | -0.0006434 | Bearish | MACD is below its signal line. |
| ATR | 4.61% | Quiet | Volatility is below its 180-day median. |
| VWMA | $0.06247 | Bearish | Price is below the volume-weighted average. |
| Commodity Channel Index (20) | -216.02 | Bearish | CCI (20) is weak at -216.02, which shows price is trading well below its recent average. |
| Awesome Oscillator (5, 34) | $-0.003497 | Bearish | Awesome Oscillator is below zero at $-0.003497, which supports bearish momentum. |
| Williams Percent Range (14) | -88.94 | Oversold | Williams Percent Range (14) is near the bottom of its recent range at -88.94. |
| Bull Bear Power (13) | $-0.004896 | Bearish | Bull Bear Power (13) is negative at $-0.004896, which suggests sellers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 37.41 | Neutral | Ultimate Oscillator is at 37.41, which suggests momentum is balanced across its short, medium, and long windows. |
| Hull Moving Average (9) | $0.05554 | Bearish | MEY is trading below the Hull Moving Average (9), which weakens the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.06331 | Bearish | MEY is trading below the Ichimoku base line, which points to weaker structure. |
Over the past 7 days, Mey Network price was most positively correlated with the price of Decred (DCR), Quant (QNT), Aave (AAVE), Pudgy Penguins (PENGU) and VeChain (VET) and most negatively correlated with the price of Beldex (BDX), Basic Attention Token (BAT), Celestia (TIA), KuCoin Token (KCS) and StarkNet (STRK).
| Name | Correlation |
|---|---|
| Decred | 0.895 |
| Quant | 0.837 |
| Aave | 0.826 |
| Pudgy Penguins | 0.779 |
| VeChain | 0.770 |
| Name | Correlation |
|---|---|
| Beldex | -0.889 |
| Basic Attention Token | -0.795 |
| Celestia | -0.760 |
| KuCoin Token | -0.691 |
| StarkNet | -0.635 |
Mey Network price is negatively correlated with the top 10 coins by market cap with a price of -0.006, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.228. Currencies that are positively correlated with Mey Network 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 Mey Network, a move in one direction for Mey Network would translate into a move in the opposite direction for the negatively correlated coin.
