Based on today's classical pivot point (P1) with the value of $0.09952, Derive has support levels of $0.09703, $0.09556, and the strongest at $0.09307. Similarly, Derive resistance levels are at $0.1010, $0.1035, and $0.1050.
| # | Price | Strength |
|---|---|---|
| S1 | $0.09703 | |
| S2 | $0.09556 | |
| S3 | $0.09307 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.1010 | |
| R2 | $0.1035 | |
| R3 | $0.1050 |
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) | 44.29 | NEUTRAL |
| Stoch RSI (14) | 54.60 | NEUTRAL |
| Stochastic Fast (14) | 17.71 | BUY |
| Commodity Channel Index (20) | -33.87 | NEUTRAL |
| Average Directional Index (14) | 23.12 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.02 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -82.29 | BUY |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 38.71 | NEUTRAL |
| VWMA (10) | 0.10 | BUY |
| Hull Moving Average (9) | 0.10 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.12 | NEUTRAL |
Over the past 7 days, Derive price was most positively correlated with the price of Dogecoin (DOGE), Immutable X (IMX), Curve DAO Token (CRV), Terra Classic (LUNC) and Chainlink (LINK) and most negatively correlated with the price of LEO Token (LEO), Sei (SEI), Avalanche (AVAX), Beldex (BDX) and Zcash (ZEC).
| Name | Correlation |
|---|---|
| Dogecoin | 0.567 |
| Immutable X | 0.551 |
| Curve DAO Token | 0.492 |
| Terra Classic | 0.482 |
| Chainlink | 0.447 |
| Name | Correlation |
|---|---|
| LEO Token | -0.621 |
| Sei | -0.605 |
| Avalanche | -0.560 |
| Beldex | -0.466 |
| Zcash | -0.464 |
Derive price is negatively correlated with the top 10 coins by market cap with a price of -0.128, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.024.
Currencies that are positively correlated with Derive 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 Derive, a move in one direction for Derive would translate into a move in the opposite direction for the negatively correlated coin.
