Based on today's classical pivot point (P1) with the value of $189.93, Bittensor has support levels of $181.92, $175.51, and the strongest at $167.49. Similarly, Bittensor resistance levels are at $196.34, $204.36, and $210.77.
| # | Price | Strength |
|---|---|---|
| S1 | $181.92 | |
| S2 | $175.51 | |
| S3 | $167.49 |
| # | Price | Strength |
|---|---|---|
| R1 | $196.34 | |
| R2 | $204.36 | |
| R3 | $210.77 |
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) | 18.90 | BUY |
| Stoch RSI (14) | 0.50 | BUY |
| Stochastic Fast (14) | 5.98 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 35.53 | SELL |
| Awesome Oscillator (5, 34) | -37.39 | NEUTRAL |
| Momentum (10) | -50.39 | NEUTRAL |
| MACD (12, 26) | -5.78 | NEUTRAL |
| Williams Percent Range (14) | -94.02 | BUY |
| Ultimate Oscillator (7, 14, 28) | 43.58 | NEUTRAL |
| VWMA (10) | 218.55 | SELL |
| Hull Moving Average (9) | 205.89 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 242.99 | NEUTRAL |
Over the past 7 days, Bittensor price was most positively correlated with the price of Immutable X (IMX), Avalanche (AVAX), Polkadot (DOT), Uniswap (UNI) and Injective (INJ) and most negatively correlated with the price of Decred (DCR), Hyperliquid (HYPE), Morpho (MORPHO), Stacks (STX) and Kaia (KAIA).
| Name | Correlation |
|---|---|
| Immutable X | 0.989 |
| Avalanche | 0.989 |
| Polkadot | 0.988 |
| Uniswap | 0.988 |
| Injective | 0.988 |
| Name | Correlation |
|---|---|
| Decred | -0.500 |
| Hyperliquid | -0.351 |
| Morpho | 0.189 |
| Stacks | 0.212 |
| Kaia | 0.279 |
Bittensor price is positively correlated with the top 10 coins by market cap with a price of 0.929, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.864.
Currencies that are positively correlated with Bittensor 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 Bittensor, a move in one direction for Bittensor would translate into a move in the opposite direction for the negatively correlated coin.
