Based on today's classical pivot point (P1) with the value of $0.0005030, Memecoin has support levels of $0.0004911, $0.0004785, and the strongest at $0.0004665. Similarly, Memecoin resistance levels are at $0.0005156, $0.0005275, and $0.0005401.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0004911 | |
| S2 | $0.0004785 | |
| S3 | $0.0004665 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0005156 | |
| R2 | $0.0005275 | |
| R3 | $0.0005401 |
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) | 44.09 | NEUTRAL |
| Stoch RSI (14) | 89.73 | SELL |
| Stochastic Fast (14) | 30.94 | NEUTRAL |
| Commodity Channel Index (20) | -49.31 | NEUTRAL |
| Average Directional Index (14) | 9.40 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | 0.00 | BUY |
| MACD (12, 26) | 0.00 | BUY |
| Williams Percent Range (14) | -69.06 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 37.26 | NEUTRAL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Memecoin price was most positively correlated with the price of Pudgy Penguins (PENGU), Morpho (MORPHO), Pyth Network (PYTH), VeChain (VET) and Immutable X (IMX) and most negatively correlated with the price of JUST (JST), LEO Token (LEO), Ethena (ENA), Cronos (CRO) and Algorand (ALGO).
| Name | Correlation |
|---|---|
| Pudgy Penguins | 0.689 |
| Morpho | 0.662 |
| Pyth Network | 0.621 |
| VeChain | 0.609 |
| Immutable X | 0.606 |
| Name | Correlation |
|---|---|
| JUST | -0.472 |
| LEO Token | -0.387 |
| Ethena | -0.359 |
| Cronos | -0.359 |
| Algorand | -0.310 |
Memecoin price is positively correlated with the top 10 coins by market cap with a price of 0.076, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.152.
Currencies that are positively correlated with Memecoin 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 Memecoin, a move in one direction for Memecoin would translate into a move in the opposite direction for the negatively correlated coin.
