March 10, 2025 MEW Daily Analysis MEW Daily Analysis
MEW Daily Analysis
Outlook
MEW current price is 0.001811 USDT and the current market cap is 8.106.854 USDT. This chart period started 210 days ago (12 August 2024) with a total of 93 days closing above the opening price and 117 days closing below the opening price. The lowest price was 0.0018 USDT on 09 March 2025, and the highest price was 0.012967 USDT on 17 November 2024. The current price is 0.61% above the lowest price and 86.03% below the highest price.
Moving Average
Moving Averages (Closing Prices):5-Day Moving Average: 0.002044422-Day Moving Average: 0.002478545550-Day Moving Average: 0.00326794100-Day Moving Average: 0.00522929250-Day Moving Average: 0.005993648
Moving Average Analysis
The current price is %11.42 lower than the 5-Day moving average and has been below it for 2 days.The current price is %26.93 lower than the 22-Day moving average and has been below it for 7 days.The current price is %44.58 lower than the 50-Day moving average and has been below it for 34 days.The current price is %65.37 lower than the 100-Day moving average and has been below it for 49 days.The current price is %69.78 lower than the 250-Day moving average and has been below it for 50 days.
Trends
The longest uptrend in the 210 day period is 4 days. It started at 0.003967 USDT on 06 September 2024 and ended by increasing by 12.81% to 0.004475 USDT on 10 September 2024.The longest downtrend is 8 days. It started at 0.012152 USDT on 17 November 2024 and ended by decreasing -25.29% to 0.009079 USDT on 25 November 2024.
Support & Resistance
This review was made for the last 7 daysLast 7 days support levels: Support: 0.001951 USDT on 04-03-2025 Support: 0.001987 USDT on 07-03-2025 Support: 0.0018 USDT on 09-03-2025Last 7 days resistance levels: Resistance: 0.002225 USDT on 06-03-2025The lowest support level is 0.0018 USDT on 09-03-2025, and the highest resistance level is 0.002225 USDT on 06-03-2025. The percentage difference between these levels is approximately 23.6%.
Volume
Fetched 266 data points, less than 500 days of data. Adjusting limit.The previous trading day’s volume (08-03-2025) 2,079,002,140.00 USDT. Highest volume in the last 210 days is 72,645,369,437.00 USDT on 24-10-2024. Lowest volume in the last 210 days is 1,199,234,642.00 USDT on 12-01-2025. Difference between highest and lowest volume is 5957.64%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 4,998,175,654.60 USDT22-day Moving Average Volume: 5,163,988,156.95 USDT50-day Moving Average Volume: 4,913,555,648.00 USDT100-day Moving Average Volume: 5,404,206,571.48 USDT250-day Moving Average Volume: 18,211,660,276.23 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 2,079,002,140.00 USDT
Previous day’s volume is 58.40% lower than the 5-day moving average.Previous day’s volume is 59.74% lower than the 22-day moving average.Previous day’s volume is 57.69% lower than the 50-day moving average.Previous day’s volume is 61.53% lower than the 100-day moving average.Previous day’s volume is 88.58% lower than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is -3.21% lower than the 22-day moving average.22-day moving average is 5.10% higher than the 50-day moving average.50-day moving average is -9.08% lower than the 100-day moving average.100-day moving average is -70.33% lower than the 250-day moving average.
Volume Trend
The longest consecutive volume increase started on 21-09-2024 with a volume of 9,838,984,735.00 USDT and ended on 25-09-2024 with a volume of 25,666,562,641.00 USDT, lasting for 4 days and representing a 160.87% increase.The longest consecutive volume decrease started on 09-12-2024 with a volume of 16,665,409,165.00 USDT and ended on 15-12-2024 with a volume of 2,974,330,469.00 USDT, lasting for 6 days and representing a 82.15% decrease.
Price Volume Coorelation
During the longest volume increasing period price increase from 0.005065 USDT to 0.006112 USDT, which represents a 20.67% change.During the longest volume decreasing period price decrease from 0.008155 USDT to 0.007958 USDT, which represents a -2.42% change.
Strategy
Under sales pressure, we should observe where the decline will end and then reassess. Currently, we do not recommend opening a ‘long’ position.
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
