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 | $0.0₇4135 - $0.0₇4149 | |
| Support 2 | $0.0₇4030 - $0.0₇4048 | |
| Support 3 | $0.0₇3931 - $0.0₇3960 | |
| Support 4 | $0.0₇3877 - $0.0₇3899 | |
| Resistance 1 | $0.0₇4202 - $0.0₇4219 | |
| Resistance 2 | $0.0₇4261 - $0.0₇4289 | |
| Resistance 3 | $0.0₇4380 - $0.0₇4463 | |
| Resistance 4 | $0.0₇4595 - $0.0₇4652 |
SHREK clears the resistance zone at $0.0₇4202 - $0.0₇4219 and holds above it. That would strengthen the breakout case and shift attention to $0.0₇4261 - $0.0₇4289.
SHREK loses the support zone at $0.0₇4135 - $0.0₇4149. That would weaken the setup and open the way toward $0.0₇4030 - $0.0₇4048.
SHREK continues trading between $0.0₇4149 and $0.0₇4202. 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 | $0.0₇4112 | Bullish | SHREK is trading above the 50-day average. |
| SMA200 | $0.0₇3666 | Bullish | SHREK remains above the long-term trend line. |
| EMA50 | $0.0₇4046 | Bullish | SHREK is holding above the 50-day exponential average, which supports the recent trend. |
| EMA200 | $0.0₇3858 | 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 | 0.0₉3703 | Bearish | MACD is below its signal line. |
| ATR | 0.4129% | Quiet | Volatility is below its 180-day median. |
| VWMA | $0.0₇4084 | Bullish | Price is above the volume-weighted average. |
| Commodity Channel Index (20) | 44.17 | Neutral | CCI (20) is at 44.17, which keeps price relatively close to its recent average. |
| Awesome Oscillator (5, 34) | $0.0₉7260 | Bullish | Awesome Oscillator is above zero at $0.0₉7260, which supports bullish momentum. |
| Williams Percent Range (14) | -47.90 | Neutral | Williams Percent Range (14) is at -47.90, which keeps price in the middle of its recent range. |
| Bull Bear Power (13) | $0.0₉2231 | Bullish | Bull Bear Power (13) is positive at $0.0₉2231, which suggests buyers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 61.14 | Neutral | Ultimate Oscillator is at 61.14, which suggests momentum is balanced across its short, medium, and long windows. |
| Hull Moving Average (9) | $0.0₇4190 | Bearish | SHREK is trading below the Hull Moving Average (9), which weakens the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.0₇4086 | 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.
