ASTER Tops This Week's Token Unlocks with $75.36 Million
Upcoming Token Unlocks: Crypto markets are set to see nearly $200 million worth of tokens released, with Aster leading the way at over $75 million, amidst concerns about demand meeting the increased supply.
Market Impact: The token unlocks occur during a period of slight market decline, with Bitcoin and other digital assets trading lower, raising fears that the influx of new tokens could exacerbate the downturn if demand does not keep pace.
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Technical Analysis for MERL
Technical Sentiment Analysis for Merlin Chain (MERL) As of , Merlin Chain (MERL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MERL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MERL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Merlin Chain (MERL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0127 | 0.0261 | 0.0387 | 0.0521 | 0.0648 | 0.0781 | 0.0908 |
| Fibonacci | 0.0261 | 0.036 | 0.0422 | 0.0521 | 0.0621 | 0.0682 | 0.0781 |
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