Based on today's classical pivot point (P1) with the value of $0.02975, Bitlayer has support levels of $0.02665, $0.02351, and the strongest at $0.02041. Similarly, Bitlayer resistance levels are at $0.03289, $0.03599, and $0.03913.
| # | Price | Strength |
|---|---|---|
| S1 | $0.02665 | |
| S2 | $0.02351 | |
| S3 | $0.02041 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.03289 | |
| R2 | $0.03599 | |
| R3 | $0.03913 |
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) | 67.95 | NEUTRAL |
| Stoch RSI (14) | 68.56 | NEUTRAL |
| Stochastic Fast (14) | 77.58 | NEUTRAL |
| Commodity Channel Index (20) | 210.97 | SELL |
| Average Directional Index (14) | 35.76 | BUY |
| Awesome Oscillator (5, 34) | 0.01 | NEUTRAL |
| Momentum (10) | 0.01 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -22.42 | NEUTRAL |
| Bull Bear Power (13) | 0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 64.17 | NEUTRAL |
| VWMA (10) | 0.03 | BUY |
| Hull Moving Average (9) | 0.03 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.02 | NEUTRAL |
Over the past 7 days, Bitlayer price was most positively correlated with the price of and Bitcoin (BTC) and most negatively correlated with the price of and Bitcoin (BTC).
| Name | Correlation |
|---|---|
| Bitcoin | -0.708 |
| Name | Correlation |
|---|---|
| Bitcoin | -0.708 |
Bitlayer price is negatively correlated with the top 10 coins by market cap with a price of -0.071, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.708.
Currencies that are positively correlated with Bitlayer 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 Bitlayer, a move in one direction for Bitlayer would translate into a move in the opposite direction for the negatively correlated coin.
