Based on today's classical pivot point (P1) with the value of $357.03, Monero has support levels of $351.66, $345.34, and the strongest at $339.98. Similarly, Monero resistance levels are at $363.35, $368.71, and $375.03.
| # | Price | Strength |
|---|---|---|
| S1 | $351.66 | |
| S2 | $345.34 | |
| S3 | $339.98 |
| # | Price | Strength |
|---|---|---|
| R1 | $363.35 | |
| R2 | $368.71 | |
| R3 | $375.03 |
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) | 55.27 | NEUTRAL |
| Stoch RSI (14) | 59.51 | NEUTRAL |
| Stochastic Fast (14) | 55.70 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 12.28 | NEUTRAL |
| Awesome Oscillator (5, 34) | 9.25 | NEUTRAL |
| Momentum (10) | 11.07 | NEUTRAL |
| MACD (12, 26) | 4.25 | NEUTRAL |
| Williams Percent Range (14) | -44.30 | NEUTRAL |
| Bull Bear Power (13) | 17.07 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 42.45 | NEUTRAL |
| VWMA (10) | 349.80 | BUY |
| Hull Moving Average (9) | 341.36 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 340.48 | NEUTRAL |
Over the past 7 days, Monero price was most positively correlated with the price of Cosmos (ATOM), Virtuals Protocol (VIRTUAL), Immutable X (IMX), Mantle (MNT) and Lido DAO Token (LDO) and most negatively correlated with the price of Filecoin (FIL), Midnight (NIGHT), Decred (DCR), OKB (OKB) and APENFT (NFT).
| Name | Correlation |
|---|---|
| Cosmos | 0.886 |
| Virtuals Protocol | 0.851 |
| Immutable X | 0.849 |
| Mantle | 0.842 |
| Lido DAO Token | 0.834 |
| Name | Correlation |
|---|---|
| Filecoin | -0.644 |
| Midnight | -0.610 |
| Decred | -0.577 |
| OKB | -0.534 |
| APENFT | -0.468 |
Monero price is positively correlated with the top 10 coins by market cap with a price of 0.663, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.498.
Currencies that are positively correlated with Monero 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 Monero, a move in one direction for Monero would translate into a move in the opposite direction for the negatively correlated coin.
