Based on today's classical pivot point (P1) with the value of $0.0007075, BitSong has support levels of $0.0006873, $0.0006753, and the strongest at $0.0006552. Similarly, BitSong resistance levels are at $0.0007195, $0.0007396, and $0.0007516.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0006873 | |
| S2 | $0.0006753 | |
| S3 | $0.0006552 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0007195 | |
| R2 | $0.0007396 | |
| R3 | $0.0007516 |
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) | 49.36 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 33.60 | NEUTRAL |
| Commodity Channel Index (20) | 11.62 | NEUTRAL |
| Average Directional Index (14) | 39.96 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | -0.00 | SELL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -66.40 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | SELL |
| Ultimate Oscillator (7, 14, 28) | 53.52 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, BitSong price was most positively correlated with the price of Optimism (OP), Kaia (KAIA), Immutable X (IMX), Celestia (TIA) and Filecoin (FIL) and most negatively correlated with the price of Pi Network (PI), KAITO (KAITO), XDC Network (XDC), Sun Token (SUN) and Litecoin (LTC).
| Name | Correlation |
|---|---|
| Optimism | 0.895 |
| Kaia | 0.891 |
| Immutable X | 0.881 |
| Celestia | 0.875 |
| Filecoin | 0.867 |
| Name | Correlation |
|---|---|
| Pi Network | -0.852 |
| KAITO | -0.828 |
| XDC Network | -0.770 |
| Sun Token | -0.766 |
| Litecoin | -0.727 |
BitSong price is positively correlated with the top 10 coins by market cap with a price of 0.464, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.262.
Currencies that are positively correlated with BitSong 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 BitSong, a move in one direction for BitSong would translate into a move in the opposite direction for the negatively correlated coin.
