Based on today's classical pivot point (P1) with the value of $0.0₁₀5204, Degen Arena has support levels of $0.0₁₀5063, $0.0₁₀4968, and the strongest at $0.0₁₀4827. Similarly, Degen Arena resistance levels are at $0.0₁₀5299, $0.0₁₀5440, and $0.0₁₀5535.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₁₀5063 | |
| S2 | $0.0₁₀4968 | |
| S3 | $0.0₁₀4827 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₁₀5299 | |
| R2 | $0.0₁₀5440 | |
| R3 | $0.0₁₀5535 |
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) | 48.20 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 8.15 | BUY |
| Commodity Channel Index (20) | -117.69 | BUY |
| Average Directional Index (14) | 37.82 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -91.85 | BUY |
| Bull Bear Power (13) | -0.00 | SELL |
| Ultimate Oscillator (7, 14, 28) | 44.88 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Degen Arena price was most positively correlated with the price of Ethereum (ETH), Chainlink (LINK), Avalanche (AVAX), Floki Inu (FLOKI) and Ethena (ENA) and most negatively correlated with the price of JUST (JST), Telcoin (TEL), Flare (FLR), Quant (QNT) and DeXe (DEXE).
| Name | Correlation |
|---|---|
| Ethereum | 0.867 |
| Chainlink | 0.859 |
| Avalanche | 0.854 |
| Floki Inu | 0.847 |
| Ethena | 0.846 |
| Name | Correlation |
|---|---|
| JUST | -0.605 |
| Telcoin | -0.556 |
| Flare | -0.504 |
| Quant | -0.411 |
| DeXe | -0.402 |
Degen Arena price is positively correlated with the top 10 coins by market cap with a price of 0.725, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.568.
Currencies that are positively correlated with Degen Arena 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 Degen Arena, a move in one direction for Degen Arena would translate into a move in the opposite direction for the negatively correlated coin.
