Based on today's classical pivot point (P1) with the value of $1.25, Decentralized Social has support levels of $1.24, $1.22, and the strongest at $1.20. Similarly, Decentralized Social resistance levels are at $1.28, $1.29, and $1.32.
| # | Price | Strength |
|---|---|---|
| S1 | $1.24 | |
| S2 | $1.22 | |
| S3 | $1.20 |
| # | Price | Strength |
|---|---|---|
| R1 | $1.28 | |
| R2 | $1.29 | |
| R3 | $1.32 |
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) | 46.70 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 67.71 | NEUTRAL |
| Commodity Channel Index (20) | 18.89 | NEUTRAL |
| Average Directional Index (14) | 47.63 | SELL |
| Awesome Oscillator (5, 34) | -0.04 | NEUTRAL |
| Momentum (10) | 0.07 | NEUTRAL |
| MACD (12, 26) | 0.03 | NEUTRAL |
| Williams Percent Range (14) | -32.29 | NEUTRAL |
| Bull Bear Power (13) | 0.06 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 42.98 | NEUTRAL |
| VWMA (10) | 1.19 | BUY |
| Hull Moving Average (9) | 1.16 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 1.20 | NEUTRAL |
Over the past 7 days, Decentralized Social price was most positively correlated with the price of Decred (DCR), Convex Finance (CVX), Stacks (STX), Immutable X (IMX) and Dash (DASH) and most negatively correlated with the price of World Liberty Financial (WLFI), JUST (JST), Beldex (BDX), Gnosis (GNO) and APENFT (NFT).
| Name | Correlation |
|---|---|
| Decred | 0.865 |
| Convex Finance | 0.824 |
| Stacks | 0.767 |
| Immutable X | 0.764 |
| Dash | 0.754 |
| Name | Correlation |
|---|---|
| World Liberty Financial | -0.370 |
| JUST | -0.209 |
| Beldex | -0.166 |
| Gnosis | 0.181 |
| APENFT | 0.182 |
Decentralized Social price is positively correlated with the top 10 coins by market cap with a price of 0.536, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.543.
Currencies that are positively correlated with Decentralized Social 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 Decentralized Social, a move in one direction for Decentralized Social would translate into a move in the opposite direction for the negatively correlated coin.
