Based on today's classical pivot point (P1) with the value of $0.1794, Arbitrum has support levels of $0.1675, $0.1597, and the strongest at $0.1477. Similarly, Arbitrum resistance levels are at $0.1872, $0.1992, and $0.2069.
| # | Price | Strength |
|---|---|---|
| S1 | $0.1675 | |
| S2 | $0.1597 | |
| S3 | $0.1477 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.1872 | |
| R2 | $0.1992 | |
| R3 | $0.2069 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 32.23 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 6.17 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 32.42 | SELL |
| Awesome Oscillator (5, 34) | -0.02 | NEUTRAL |
| Momentum (10) | -0.04 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -93.83 | BUY |
| Ultimate Oscillator (7, 14, 28) | 34.52 | NEUTRAL |
| VWMA (10) | 0.20 | SELL |
| Hull Moving Average (9) | 0.19 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.20 | NEUTRAL |
Over the past 7 days, Arbitrum price was most positively correlated with the price of Aptos (APT), Optimism (OP), Binance Coin (BNB), Dogwifhat (WIF) and Immutable X (IMX) and most negatively correlated with the price of JUST (JST), TRON (TRX), Monero (XMR), Midnight (NIGHT) and Morpho (MORPHO).
| Name | Correlation |
|---|---|
| Aptos | 0.988 |
| Optimism | 0.987 |
| Binance Coin | 0.981 |
| Dogwifhat | 0.980 |
| Immutable X | 0.980 |
| Name | Correlation |
|---|---|
| JUST | -0.662 |
| TRON | -0.499 |
| Monero | -0.474 |
| Midnight | -0.359 |
| Morpho | -0.215 |
Arbitrum price is positively correlated with the top 10 coins by market cap with a price of 0.920, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.827.
Currencies that are positively correlated with Arbitrum indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Arbitrum, a move in one direction for Arbitrum would translate into a move in the opposite direction for the negatively correlated coin.
