The chart is mixed right now, so patience is justified unless a better entry appears.
In the current Sideways Volatile regime, the best-fit approach is Wait for breakout confirmation. Price is still non-directional, but volatility is elevated, so false moves are more common and waiting for a cleaner breakout confirmation is usually the better setup.
Pelican 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 | $0.0₆8230 - $0.0₅2948 | |
| Resistance 1 | $0.0₅2948 - $0.0₅5073 | |
| Active 1 | $0.0₅2708 - $0.0₅8483 |
PELICAN clears the resistance zone at $0.0₅2948 - $0.0₅5073 and holds above it. That would strengthen the breakout case and shift attention to $0.0₅2948 - $0.0₅5073.
PELICAN loses the support zone at $0.0₆8230 - $0.0₅2948. That would weaken the setup and open the way toward $0.0₆8230 - $0.0₅2948.
PELICAN continues trading between $0.0₆8230 - $0.0₅2948 and $0.0₅2948 - $0.0₅5073. 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 | $0.0₅2948 | Bullish | PELICAN is trading above the 50-day average. |
| SMA200 | $0.0₅2872 | Bullish | PELICAN remains above the long-term trend line. |
| EMA50 | $0.0₅2947 | Bullish | PELICAN is holding above the 50-day exponential average, which supports the recent trend. |
| EMA200 | $0.0₅3376 | Bearish | PELICAN is below the 200-day exponential average, which keeps the longer-term structure under pressure. |
| RSI (14) | 73.15 | Overbought | RSI (14) is elevated at 73.15, which suggests upside momentum may be getting stretched. |
| 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 | 0.0₁₀1370 | Bearish | MACD is below its signal line. |
| ATR | 0.00% | Volatile | Volatility is above its 180-day median. |
| VWMA | $0.0₅2948 | Bullish | Price is above the volume-weighted average. |
| Commodity Channel Index (20) | 66.67 | Neutral | CCI (20) is at 66.67, which keeps price relatively close to its recent average. |
| Awesome Oscillator (5, 34) | $0.0₂₀1271 | Bullish | Awesome Oscillator is above zero at $0.0₂₀1271, which supports bullish momentum. |
| Williams Percent Range (14) | 0.00 | Overbought | Williams Percent Range (14) is near the top of its recent range at 0.00. |
| Bull Bear Power (13) | $0.0₁₅9270 | Bullish | Bull Bear Power (13) is positive at $0.0₁₅9270, which suggests buyers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 0.00 | Oversold | Ultimate Oscillator is weak at 0.00, which suggests multi-timeframe downside momentum may be stretched. |
| Hull Moving Average (9) | $0.0₅2948 | Bullish | PELICAN is trading above the Hull Moving Average (9), which supports the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.0₅2948 | Bullish | PELICAN is trading above the Ichimoku base line, which supports bullish structure. |
Over the past 7 days, Pelican price was most positively correlated with the price of Virtuals Protocol (VIRTUAL), OKB (OKB), TRON (TRX), Terra Classic (LUNC) and Bittensor (TAO) and most negatively correlated with the price of Arbitrum (ARB), LayerZero (ZRO), XDC Network (XDC), NEAR Protocol (NEAR) and DeXe (DEXE).
| Name | Correlation |
|---|---|
| Virtuals Protocol | 0.887 |
| OKB | 0.835 |
| TRON | 0.824 |
| Terra Classic | 0.793 |
| Bittensor | 0.791 |
| Name | Correlation |
|---|---|
| Arbitrum | -0.790 |
| LayerZero | -0.621 |
| XDC Network | -0.557 |
| NEAR Protocol | -0.544 |
| DeXe | -0.524 |
Pelican price is negatively correlated with the top 10 coins by market cap with a price of -0.097, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.091. Currencies that are positively correlated with Pelican 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 Pelican, a move in one direction for Pelican would translate into a move in the opposite direction for the negatively correlated coin.
