Based on today's classical pivot point (P1) with the value of $5.58, Injective has support levels of $5.45, $5.37, and the strongest at $5.24. Similarly, Injective resistance levels are at $5.66, $5.79, and $5.87.
| # | Price | Strength |
|---|---|---|
| S1 | $5.45 | |
| S2 | $5.37 | |
| S3 | $5.24 |
| # | Price | Strength |
|---|---|---|
| R1 | $5.66 | |
| R2 | $5.79 | |
| R3 | $5.87 |
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) | 69.46 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 85.64 | SELL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 22.93 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.31 | NEUTRAL |
| Momentum (10) | 0.70 | NEUTRAL |
| MACD (12, 26) | 0.08 | NEUTRAL |
| Williams Percent Range (14) | -14.36 | SELL |
| Ultimate Oscillator (7, 14, 28) | 47.69 | NEUTRAL |
| VWMA (10) | 5.30 | BUY |
| Hull Moving Average (9) | 5.13 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 5.02 | NEUTRAL |
Over the past 7 days, Injective price was most positively correlated with the price of Celestia (TIA), Optimism (OP), Avalanche (AVAX), Arbitrum (ARB) and Immutable X (IMX) and most negatively correlated with the price of XDC Network (XDC), Bitcoin Cash (BCH), UNUS SED LEO (LEO), Litecoin (LTC) and Midnight (NIGHT).
| Name | Correlation |
|---|---|
| Celestia | 0.981 |
| Optimism | 0.963 |
| Avalanche | 0.962 |
| Arbitrum | 0.961 |
| Immutable X | 0.960 |
| Name | Correlation |
|---|---|
| XDC Network | -0.544 |
| Bitcoin Cash | -0.504 |
| UNUS SED LEO | -0.485 |
| Litecoin | -0.190 |
| Midnight | -0.136 |
Injective price is positively correlated with the top 10 coins by market cap with a price of 0.730, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.689.
Currencies that are positively correlated with Injective 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 Injective, a move in one direction for Injective would translate into a move in the opposite direction for the negatively correlated coin.
