Based on today's classical pivot point (P1) with the value of $0.2419, Metal has support levels of $0.2348, $0.2313, and the strongest at $0.2243. Similarly, Metal resistance levels are at $0.2454, $0.2524, and $0.2559.
| # | Price | Strength |
|---|---|---|
| S1 | $0.2348 | |
| S2 | $0.2313 | |
| S3 | $0.2243 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.2454 | |
| R2 | $0.2524 | |
| R3 | $0.2559 |
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) | 38.62 | NEUTRAL |
| Stoch RSI (14) | 65.20 | NEUTRAL |
| Stochastic Fast (14) | 33.18 | NEUTRAL |
| Commodity Channel Index (20) | -44.92 | NEUTRAL |
| Average Directional Index (14) | 11.50 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.02 | NEUTRAL |
| Momentum (10) | -0.01 | SELL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -66.82 | NEUTRAL |
| Bull Bear Power (13) | -0.01 | SELL |
| Ultimate Oscillator (7, 14, 28) | 44.13 | NEUTRAL |
| VWMA (10) | 0.25 | SELL |
| Hull Moving Average (9) | 0.24 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.26 | NEUTRAL |
Over the past 7 days, Metal price was most positively correlated with the price of Dash (DASH), Virtuals Protocol (VIRTUAL), Immutable X (IMX), Bitcoin (BTC) and VeChain (VET) and most negatively correlated with the price of Ethena (ENA), Stellar (XLM), JUST (JST), Conflux (CFX) and Uniswap (UNI).
| Name | Correlation |
|---|---|
| Dash | 0.910 |
| Virtuals Protocol | 0.904 |
| Immutable X | 0.875 |
| Bitcoin | 0.872 |
| VeChain | 0.859 |
| Name | Correlation |
|---|---|
| Ethena | -0.511 |
| Stellar | -0.484 |
| JUST | -0.371 |
| Conflux | -0.305 |
| Uniswap | -0.298 |
Metal price is positively correlated with the top 10 coins by market cap with a price of 0.447, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.510.
Currencies that are positively correlated with Metal 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 Metal, a move in one direction for Metal would translate into a move in the opposite direction for the negatively correlated coin.
