- The price trend of MRPH coin is in a flat trend on intraday.
- MRPH/BTC pair is trading positive by 0.1% at 0.00001795 BTC
- The 24-hour volume in MRPH is $109,998
The daily technical chart of MRPH coin is trying to sustain above support level. According to the pivot level, the key support level in LTC is $0.58. However, if it does move higher, the key observational resistance is $1.20. In addition, the chart also has a Doji candlestick pattern, showing a neutral movement with high reliability.
Exponential moving average (EMA) composed of 200-EMA serves as reliable support for currency price changes. Investors can observe that the price moves below the red line, ensuring a downward trend in MRPH until the price stays below the EMA.
The MACD indicator gives (neutral) no crossover at the signal line on June 25, indicating a sideways momentum in the coin. Moreover, Investors can see fuzzy little red bars in the Histogram index.
Volume (7.54K) was lower than the 20-day moving average (18.75K). Traders are guiding very low volume to bring their price levels into sideways movement. Investors can also observe insufficient volume on the chart, which indicates that big moves are being created.
The Parabolic SAR indicator also implies a sell signal during the session, and it will ensure a downward trend in MRPH unless the yellow dot stays above the price candle.
Morpheus Network (MRPH) Coin in Accumulation Mode
MRPH coin is at $0.61 with a daily gain of 2.1% and a weekly drop of 24.0%. In addition, price breaks below moving averages and shows strength above the support level. The MACD indicator shows a neutral signal, and the traders have guided shallow volume. Therefore, the parabolic SAR indicator indicates a sell signal. Technically, the price is showing strength above the support level. Therefore, as with overall market sentiment, the trend remains sideways.
Resistance: $1.20
Support: $0.58