Based on today's classical pivot point (P1) with the value of $0.0₅4979, Magnum has support levels of $0.0₅4897, $0.0₅4793, and the strongest at $0.0₅4712. Similarly, Magnum resistance levels are at $0.0₅5082, $0.0₅5164, and $0.0₅5267.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₅4897 | |
| S2 | $0.0₅4793 | |
| S3 | $0.0₅4712 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅5082 | |
| R2 | $0.0₅5164 | |
| R3 | $0.0₅5267 |
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) | 43.49 | NEUTRAL |
| Stoch RSI (14) | 88.40 | SELL |
| Stochastic Fast (14) | 47.53 | NEUTRAL |
| Commodity Channel Index (20) | -9.00 | NEUTRAL |
| Average Directional Index (14) | 33.03 | BUY |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -52.47 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 56.44 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Magnum price was most positively correlated with the price of Polygon Ecosystem Token (POL), Sky (SKY), Chiliz (CHZ), Monero (XMR) and JUST (JST) and most negatively correlated with the price of Hyperliquid (HYPE), LayerZero (ZRO), Decred (DCR), Mantle (MNT) and Aave (AAVE).
| Name | Correlation |
|---|---|
| Polygon Ecosystem Token | 0.706 |
| Sky | 0.672 |
| Chiliz | 0.656 |
| Monero | 0.645 |
| JUST | 0.595 |
| Name | Correlation |
|---|---|
| Hyperliquid | -0.602 |
| LayerZero | -0.519 |
| Decred | -0.495 |
| Mantle | -0.486 |
| Aave | -0.476 |
Magnum price is positively correlated with the top 10 coins by market cap with a price of 0.042, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.044.
Currencies that are positively correlated with Magnum 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 Magnum, a move in one direction for Magnum would translate into a move in the opposite direction for the negatively correlated coin.
