Based on today's classical pivot point (P1) with the value of $0.001627, Degen has support levels of $0.001579, $0.001532, and the strongest at $0.001484. Similarly, Degen resistance levels are at $0.001674, $0.001723, and $0.001769.
| # | Price | Strength |
|---|---|---|
| S1 | $0.001579 | |
| S2 | $0.001532 | |
| S3 | $0.001484 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.001674 | |
| R2 | $0.001723 | |
| R3 | $0.001769 |
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) | 53.53 | NEUTRAL |
| Stoch RSI (14) | 3.35 | BUY |
| Stochastic Fast (14) | 29.63 | NEUTRAL |
| Commodity Channel Index (20) | -32.59 | NEUTRAL |
| Average Directional Index (14) | 49.77 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | -0.00 | SELL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -70.37 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | SELL |
| Ultimate Oscillator (7, 14, 28) | 38.65 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Degen price was most positively correlated with the price of Immutable X (IMX), Aptos (APT), BitTorrent (BTT), Nexo (NEXO) and XDC Network (XDC) and most negatively correlated with the price of Aave (AAVE), Jito (JTO), Morpho (MORPHO), Beldex (BDX) and Bitcoin SV (BSV).
| Name | Correlation |
|---|---|
| Immutable X | 0.901 |
| Aptos | 0.880 |
| BitTorrent | 0.870 |
| Nexo | 0.865 |
| XDC Network | 0.858 |
| Name | Correlation |
|---|---|
| Aave | -0.741 |
| Jito | -0.632 |
| Morpho | -0.616 |
| Beldex | -0.509 |
| Bitcoin SV | -0.471 |
Degen price is positively correlated with the top 10 coins by market cap with a price of 0.332, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.412.
Currencies that are positively correlated with Degen 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, a move in one direction for Degen would translate into a move in the opposite direction for the negatively correlated coin.
