Based on today's classical pivot point (P1) with the value of $0.9875, Magic Internet Money has support levels of $0.9775, $0.9723, and the strongest at $0.9622. Similarly, Magic Internet Money resistance levels are at $0.9927, $1.00, and $1.01.
| # | Price | Strength |
|---|---|---|
| S1 | $0.9775 | |
| S2 | $0.9723 | |
| S3 | $0.9622 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.9927 | |
| R2 | $1.00 | |
| R3 | $1.01 |
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) | 47.77 | NEUTRAL |
| Stoch RSI (14) | 34.96 | NEUTRAL |
| Stochastic Fast (14) | 71.83 | NEUTRAL |
| Commodity Channel Index (20) | 22.05 | NEUTRAL |
| Average Directional Index (14) | 29.32 | BUY |
| Awesome Oscillator (5, 34) | -0.01 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -28.17 | NEUTRAL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 70.32 | SELL |
| VWMA (10) | 0.98 | SELL |
| Hull Moving Average (9) | 1.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 1.07 | NEUTRAL |
Over the past 7 days, Magic Internet Money price was most positively correlated with the price of DeXe (DEXE), Sun Token (SUN), World Liberty Financial (WLFI), JUST (JST) and Bitcoin Cash (BCH) and most negatively correlated with the price of IOTA (IOTA), Internet Computer (ICP), The Graph (GRT), Sei (SEI) and Flare (FLR).
| Name | Correlation |
|---|---|
| DeXe | 0.730 |
| Sun Token | 0.656 |
| World Liberty Financial | 0.588 |
| JUST | 0.498 |
| Bitcoin Cash | 0.449 |
| Name | Correlation |
|---|---|
| IOTA | -0.861 |
| Internet Computer | -0.857 |
| The Graph | -0.838 |
| Sei | -0.837 |
| Flare | -0.820 |
Magic Internet Money price is negatively correlated with the top 10 coins by market cap with a price of -0.407, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.375.
Currencies that are positively correlated with Magic Internet Money 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 Magic Internet Money, a move in one direction for Magic Internet Money would translate into a move in the opposite direction for the negatively correlated coin.
