Based on today's classical pivot point (P1) with the value of $169.80, Bittensor has support levels of $149.12, $137.75, and the strongest at $117.06. Similarly, Bittensor resistance levels are at $181.17, $201.85, and $213.22.
| # | Price | Strength |
|---|---|---|
| S1 | $149.12 | |
| S2 | $137.75 | |
| S3 | $117.06 |
| # | Price | Strength |
|---|---|---|
| R1 | $181.17 | |
| R2 | $201.85 | |
| R3 | $213.22 |
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), Injective (INJ), NEAR Protocol (NEAR), Polkadot (DOT) and Avalanche (AVAX) and most negatively correlated with the price of Decred (DCR), Hyperliquid (HYPE), APENFT (NFT), Stacks (STX) and Morpho (MORPHO).
| Name | Correlation |
|---|---|
| Immutable X | 0.991 |
| Injective | 0.990 |
| NEAR Protocol | 0.990 |
| Polkadot | 0.990 |
| Avalanche | 0.990 |
| Name | Correlation |
|---|---|
| Decred | -0.494 |
| Hyperliquid | -0.331 |
| APENFT | 0.197 |
| Stacks | 0.364 |
| Morpho | 0.415 |
Bittensor price is positively correlated with the top 10 coins by market cap with a price of 0.940, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.882.
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.
