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.
Shrek ERC 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 | $0.0₇4129 - $0.0₇4156 | |
| Support 2 | $0.0₇4022 - $0.0₇4056 | |
| Support 3 | $0.0₇3926 - $0.0₇3961 | |
| Support 4 | $0.0₇3866 - $0.0₇3910 | |
| Resistance 1 | $0.0₇4194 - $0.0₇4228 | |
| Resistance 2 | $0.0₇4253 - $0.0₇4297 | |
| Resistance 3 | $0.0₇4371 - $0.0₇4471 | |
| Resistance 4 | $0.0₇4584 - $0.0₇4663 |
SHREK clears the resistance zone at $0.0₇4194 - $0.0₇4228 and holds above it. That would strengthen the breakout case and shift attention to $0.0₇4253 - $0.0₇4297.
SHREK loses the support zone at $0.0₇4129 - $0.0₇4156. That would weaken the setup and open the way toward $0.0₇4022 - $0.0₇4056.
SHREK continues trading between $0.0₇4156 and $0.0₇4194. 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 | $0.0₇4100 | Bullish | SHREK is trading above the 50-day average. |
| SMA200 | $0.0₇3660 | Bullish | SHREK remains above the long-term trend line. |
| EMA50 | $0.0₇4040 | Bullish | SHREK is holding above the 50-day exponential average, which supports the recent trend. |
| EMA200 | $0.0₇3854 | Bullish | SHREK is above the 200-day exponential average, which keeps the longer-term structure constructive. |
| RSI (14) | 60.36 | Neutral | RSI (14) is at 60.36, which keeps momentum in a balanced range. |
| Stoch RSI (14) | 22.46 | Neutral | Stoch RSI (14) is at 22.46, which suggests momentum is active but not yet extreme. |
| MACD | 0.0₉3799 | Bearish | MACD is below its signal line. |
| ATR | 0.8060% | Quiet | Volatility is below its 180-day median. |
| VWMA | $0.0₇4082 | Bullish | Price is above the volume-weighted average. |
| Commodity Channel Index (20) | 47.36 | Neutral | CCI (20) is at 47.36, which keeps price relatively close to its recent average. |
| Awesome Oscillator (5, 34) | $0.0₉6585 | Bullish | Awesome Oscillator is above zero at $0.0₉6585, which supports bullish momentum. |
| Williams Percent Range (14) | -42.46 | Neutral | Williams Percent Range (14) is at -42.46, which keeps price in the middle of its recent range. |
| Bull Bear Power (13) | $0.0₉2603 | Bullish | Bull Bear Power (13) is positive at $0.0₉2603, which suggests buyers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 68.19 | Neutral | Ultimate Oscillator is at 68.19, which suggests momentum is balanced across its short, medium, and long windows. |
| Hull Moving Average (9) | $0.0₇4186 | Bearish | SHREK is trading below the Hull Moving Average (9), which weakens the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.0₇4084 | Bullish | SHREK is trading above the Ichimoku base line, which supports bullish structure. |
Over the past 7 days, Shrek ERC price was most positively correlated with the price of Aave (AAVE), Sky (SKY), Midnight (NIGHT), Bitcoin (BTC) and LayerZero (ZRO) and most negatively correlated with the price of Ethena (ENA), Polygon Ecosystem Token (POL), Beldex (BDX), Kaspa (KAS) and Canton (CC).
| Name | Correlation |
|---|---|
| Aave | 0.805 |
| Sky | 0.765 |
| Midnight | 0.703 |
| Bitcoin | 0.683 |
| LayerZero | 0.674 |
| Name | Correlation |
|---|---|
| Ethena | -0.617 |
| Polygon Ecosystem Token | -0.612 |
| Beldex | -0.594 |
| Kaspa | -0.557 |
| Canton | -0.552 |
Shrek ERC price is negatively correlated with the top 10 coins by market cap with a price of -0.028, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.056. Currencies that are positively correlated with Shrek ERC 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 Shrek ERC, a move in one direction for Shrek ERC would translate into a move in the opposite direction for the negatively correlated coin.
