Based on today's classical pivot point (P1) with the value of $0.02906, Bitlayer has support levels of $0.02480, $0.01699, and the strongest at $0.01273. Similarly, Bitlayer resistance levels are at $0.03687, $0.04113, and $0.04894.
| # | Price | Strength |
|---|---|---|
| S1 | $0.02480 | |
| S2 | $0.01699 | |
| S3 | $0.01273 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.03687 | |
| R2 | $0.04113 | |
| R3 | $0.04894 |
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) | 76.59 | SELL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 95.68 | SELL |
| Commodity Channel Index (20) | 251.83 | SELL |
| Average Directional Index (14) | 32.51 | BUY |
| Awesome Oscillator (5, 34) | 0.01 | NEUTRAL |
| Momentum (10) | 0.01 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -4.32 | SELL |
| Bull Bear Power (13) | 0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 66.90 | NEUTRAL |
| VWMA (10) | 0.03 | BUY |
| Hull Moving Average (9) | 0.03 | BUY |
| 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 | -0.627 |
| Name | Correlation |
|---|---|
| Bitcoin | -0.627 |
Bitlayer price is negatively correlated with the top 10 coins by market cap with a price of -0.063, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.627.
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.
