Based on today's classical pivot point (P1) with the value of $0.09825, Decentraland has support levels of $0.09531, $0.09315, and the strongest at $0.09022. Similarly, Decentraland resistance levels are at $0.1004, $0.1033, and $0.1055.
| # | Price | Strength |
|---|---|---|
| S1 | $0.09531 | |
| S2 | $0.09315 | |
| S3 | $0.09022 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.1004 | |
| R2 | $0.1033 | |
| R3 | $0.1055 |
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) | 59.48 | NEUTRAL |
| Stoch RSI (14) | 74.15 | NEUTRAL |
| Stochastic Fast (14) | 71.59 | NEUTRAL |
| Commodity Channel Index (20) | 114.45 | SELL |
| Average Directional Index (14) | 21.07 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.01 | NEUTRAL |
| Momentum (10) | 0.01 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -28.41 | NEUTRAL |
| Bull Bear Power (13) | 0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 55.56 | NEUTRAL |
| VWMA (10) | 0.09 | BUY |
| Hull Moving Average (9) | 0.10 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.09 | NEUTRAL |
Over the past 7 days, Decentraland price was most positively correlated with the price of Solana (SOL), Worldcoin (WLD), Avalanche (AVAX), Immutable X (IMX) and Hedera Hashgraph (HBAR) and most negatively correlated with the price of Dash (DASH), Toncoin (TON), Pi Network (PI), Sky (SKY) and World Liberty Financial (WLFI).
| Name | Correlation |
|---|---|
| Solana | 0.955 |
| Worldcoin | 0.949 |
| Avalanche | 0.936 |
| Immutable X | 0.933 |
| Hedera Hashgraph | 0.933 |
| Name | Correlation |
|---|---|
| Dash | -0.750 |
| Toncoin | -0.613 |
| Pi Network | -0.562 |
| Sky | -0.500 |
| World Liberty Financial | -0.419 |
Decentraland price is positively correlated with the top 10 coins by market cap with a price of 0.629, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.523.
Currencies that are positively correlated with Decentraland 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 Decentraland, a move in one direction for Decentraland would translate into a move in the opposite direction for the negatively correlated coin.
