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Merebel (MERI) trending down or up on Tuesday?

Merebel receives a strong long-term technical score of 70 InvestorsObserver‘s research is based on historical trading patterns. The proprietary grading system weighs up price action over the past few months up to a year, analyzing the coin’s support and resistance levels and where it stands against long-term averages to determine if it’s a strong buy-and-hold investment opportunity acts. MERI currently has a superior long-term technical analysis value than 70% of the cryptos in circulation. This ranking metric is most useful for buy-and-hold investors looking for strong, steady growth in allocating their wealth. Coins with high long- and short-term technical scores can help indicate assets that have bottomed and offer investors an opportunity to “buy the dip.”

Long term technical - 70
InvestorsObserver grants Merebel a long-term technical rank of 70. Find out what that means for you and get the rest of the leaderboard on Merebel!

Trade Analysis

MERI is currently -$0.0008647 (-48.52%) below its 100-day moving average price of $0.001781907 with its current price of $0.000917237. Meanwhile, Merebel is $0.0008002 (-9399846.09%) above its 52-week low of $0.000117013 and -$0.09188684 (-10774.40%) below its 52-week high of 0.092804082 $. The current price relative to its moving average and 52-week high and low result in a strong long-term technical score of 70. Trends for Merebel’s long-term trading history suggest traders are currently neutral on the coin. No volume and market capitalization data is currently available for MERI. The lack of available data is usually a sign that either a new coin or token is being launched, or one with extremely low volume and value that is not being picked up by leading data providers. No recorded volume or market cap usually correlates with high volatile coins which may not be the best investment choice for the majority of investors. However, those looking for newer cryptos might find coins like Merebel particularly intriguing.

summary

Trading patterns over the past year for Merebel resulted in a strong long-term technical score of 70 for the coin, as its consistency, volatility, and relationship to long-term averages have given investors reason to be neutral on the coin. Click here for the full Merebel (MERI) report.

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