MC USDT Merit Circle Technical Analysis

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By Frans van Elst

Merit Circle logo In this Merit Circle technical analysis, we will examine the current price action, trading volume, key levels and indicators for MC-USDT. Merit Circle (MC) is a decentralized cryptocurrency that utilizes proof-of-stake consensus and rewards users for contributing value to the network. MC’s innovative reward system incentivizes users to participate in the network’s governance, ensuring that the platform remains secure and reliable. With its focus on community engagement and decentralized decision-making, Merit Circle (MC) is poised to revolutionize the blockchain landscape.

Merit Circle Price Overview:

As of July 04, 2024, Merit Circle is trading at approximately 0.4861 USDT. Let’s dive into the detailed price action for MC-USDT:

Merit Circle Technical Analysis with MC-USDT prices, volume, moving averages, oscillators, buy/sell signals, and live chart indicators.

Metric Value
Open (O) 0.4883
High (H) 0.5055
Low (L) 0.4719
Close (C) 0.4861
Volume (C) 1,764,469.19
  • Open (O): The opening price for today’s trading session was approximately 0.4883 USDT.
  • High (H): Merit Circle reached a daily high of around 0.5055 USDT.
  • Low (L): The daily low for MC-USDT was approximately 0.4719 USDT.
  • Close (C): At the time of analysis, Merit Circle is trading near its daily close of 0.4861 USDT.
Metric Value
1D Change (%) -0.43%
3D Change (%) 0.60%
7D Change (%) 7.02%
30D Change (%) 51.24%
90D Change (%) 99.14%
YTD Change (%) 83.43%

Over the past three days, MCUSDT has increased by approximately 0.60%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 7.02%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MCUSDT maintaining an upward trend of approximately 51.24%, despite intermittent fluctuations. Examining the last 90 days, MCUSDT has witnessed substantial increase of approximately 99.14%, reflecting strong long-term confidence. Year-to-date, MCUSDT has steadily appreciated by around 83.43%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Merit Circle Live Chart:

You can access a live price chart for MC-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.76458.
  • Momentum score is 0.31449.

MC USDT Technical Analysis

Merit Circle Trading Volume:

The trading volume for Merit Circle (MC) over the past 24 hours has been insignificant, with approximately 1,764,469.19 USDT traded against MC. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): MC is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Merit Circle is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for MC-USDT is currently in the high zone, around 62.53733. This suggests that Merit Circle is in bullish territory.

Analysis from TradingView:

Our Key Takeaways:

Merit Circle (MC-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.

Merit Circle Technical Analysis with MC-USDT prices, volume, moving averages, oscillators, buy/sell signals, and live chart indicators.

Don’t skip our thorough exploration of MC BTC Merit Circle Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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