Based on today's classical pivot point (P1) with the value of $19.04, Decred has support levels of $18.66, $18.05, and the strongest at $17.66. Similarly, Decred resistance levels are at $19.65, $20.04, and $20.65.
| # | Price | Strength |
|---|---|---|
| S1 | $18.66 | |
| S2 | $18.05 | |
| S3 | $17.66 |
| # | Price | Strength |
|---|---|---|
| R1 | $19.65 | |
| R2 | $20.04 | |
| R3 | $20.65 |
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) | 33.88 | NEUTRAL |
| Stoch RSI (14) | 35.85 | NEUTRAL |
| Stochastic Fast (14) | 15.19 | BUY |
| Commodity Channel Index (20) | -82.84 | NEUTRAL |
| Average Directional Index (14) | 29.98 | SELL |
| Awesome Oscillator (5, 34) | -4.77 | NEUTRAL |
| Momentum (10) | -1.27 | NEUTRAL |
| MACD (12, 26) | -0.01 | NEUTRAL |
| Williams Percent Range (14) | -84.81 | BUY |
| Bull Bear Power (13) | -2.71 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 39.76 | NEUTRAL |
| VWMA (10) | 19.52 | SELL |
| Hull Moving Average (9) | 19.24 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 23.01 | NEUTRAL |
Over the past 7 days, Decred price was most positively correlated with the price of Mantle (MNT), Jasmy (JASMY), Immutable X (IMX), Ondo Finance (ONDO) and Kaspa (KAS) and most negatively correlated with the price of Bitcoin SV (BSV), Quant (QNT), DeXe (DEXE), Zebec Network (ZBCN) and Toncoin (TON).
| Name | Correlation |
|---|---|
| Mantle | 0.846 |
| Jasmy | 0.846 |
| Immutable X | 0.841 |
| Ondo Finance | 0.826 |
| Kaspa | 0.823 |
| Name | Correlation |
|---|---|
| Bitcoin SV | -0.622 |
| Quant | -0.538 |
| DeXe | -0.531 |
| Zebec Network | -0.502 |
| Toncoin | -0.479 |
Decred price is positively correlated with the top 10 coins by market cap with a price of 0.455, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.424.
Currencies that are positively correlated with Decred 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 Decred, a move in one direction for Decred would translate into a move in the opposite direction for the negatively correlated coin.
