Based on today's classical pivot point (P1) with the value of $0.02659, Merlin Chain has support levels of $0.02475, $0.02336, and the strongest at $0.02152. Similarly, Merlin Chain resistance levels are at $0.02798, $0.02982, and $0.03121.
| # | Price | Strength |
|---|---|---|
| S1 | $0.02475 | |
| S2 | $0.02336 | |
| S3 | $0.02152 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.02798 | |
| R2 | $0.02982 | |
| R3 | $0.03121 |
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) | 23.60 | BUY |
| Stoch RSI (14) | 11.66 | BUY |
| Stochastic Fast (14) | 6.51 | BUY |
| Commodity Channel Index (20) | -127.54 | BUY |
| Average Directional Index (14) | 45.51 | SELL |
| Awesome Oscillator (5, 34) | -0.01 | NEUTRAL |
| Momentum (10) | -0.01 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -93.49 | BUY |
| Bull Bear Power (13) | -0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 36.62 | NEUTRAL |
| VWMA (10) | 0.03 | SELL |
| Hull Moving Average (9) | 0.03 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.03 | NEUTRAL |
Over the past 7 days, Merlin Chain price was most positively correlated with the price of Optimism (OP), Polkadot (DOT), Internet Computer (ICP), Immutable X (IMX) and Decred (DCR) and most negatively correlated with the price of LEO Token (LEO), Bittensor (TAO), Beldex (BDX), DeXe (DEXE) and Midnight (NIGHT).
| Name | Correlation |
|---|---|
| Optimism | 0.924 |
| Polkadot | 0.918 |
| Internet Computer | 0.874 |
| Immutable X | 0.874 |
| Decred | 0.856 |
| Name | Correlation |
|---|---|
| LEO Token | -0.838 |
| Bittensor | -0.733 |
| Beldex | -0.696 |
| DeXe | -0.686 |
| Midnight | -0.563 |
Merlin Chain price is positively correlated with the top 10 coins by market cap with a price of 0.305, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.295.
Currencies that are positively correlated with Merlin Chain 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 Merlin Chain, a move in one direction for Merlin Chain would translate into a move in the opposite direction for the negatively correlated coin.
