Based on today's classical pivot point (P1) with the value of $0.02435, Forest Protocol has support levels of $0.02352, $0.02282, and the strongest at $0.02198. Similarly, Forest Protocol resistance levels are at $0.02505, $0.02589, and $0.02659.
| # | Price | Strength |
|---|---|---|
| S1 | $0.02352 | |
| S2 | $0.02282 | |
| S3 | $0.02198 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.02505 | |
| R2 | $0.02589 | |
| R3 | $0.02659 |
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) | 39.89 | NEUTRAL |
| Stoch RSI (14) | 53.91 | NEUTRAL |
| Stochastic Fast (14) | 20.16 | NEUTRAL |
| Commodity Channel Index (20) | -73.19 | NEUTRAL |
| Average Directional Index (14) | 10.51 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.01 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -79.84 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 39.36 | NEUTRAL |
| VWMA (10) | 0.03 | SELL |
| Hull Moving Average (9) | 0.02 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.03 | NEUTRAL |
Over the past 7 days, Forest Protocol price was most positively correlated with the price of Morpho (MORPHO), World Liberty Financial (WLFI), Pyth Network (PYTH), Venice Token (VVV) and DeXe (DEXE) and most negatively correlated with the price of Ethena (ENA), Terra Classic (LUNC), Stacks (STX), APENFT (NFT) and Pi Network (PI).
| Name | Correlation |
|---|---|
| Morpho | 0.206 |
| World Liberty Financial | 0.169 |
| Pyth Network | 0.079 |
| Venice Token | 0.022 |
| DeXe | 0.009 |
| Name | Correlation |
|---|---|
| Ethena | -0.660 |
| Terra Classic | -0.601 |
| Stacks | -0.589 |
| APENFT | -0.585 |
| Pi Network | -0.576 |
Forest Protocol price is negatively correlated with the top 10 coins by market cap with a price of -0.462, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.386.
Currencies that are positively correlated with Forest Protocol 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 Forest Protocol, a move in one direction for Forest Protocol would translate into a move in the opposite direction for the negatively correlated coin.
