Based on today's classical pivot point (P1) with the value of $5.09, NFTX has support levels of $5.04, $4.96, and the strongest at $4.90. Similarly, NFTX resistance levels are at $5.18, $5.23, and $5.31.
| # | Price | Strength |
|---|---|---|
| S1 | $5.04 | |
| S2 | $4.96 | |
| S3 | $4.90 |
| # | Price | Strength |
|---|---|---|
| R1 | $5.18 | |
| R2 | $5.23 | |
| R3 | $5.31 |
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) | 37.70 | NEUTRAL |
| Stoch RSI (14) | 76.17 | NEUTRAL |
| Stochastic Fast (14) | 30.14 | NEUTRAL |
| Commodity Channel Index (20) | -42.26 | NEUTRAL |
| Average Directional Index (14) | 34.75 | SELL |
| Awesome Oscillator (5, 34) | -2.20 | NEUTRAL |
| Momentum (10) | -1.49 | NEUTRAL |
| MACD (12, 26) | -0.01 | NEUTRAL |
| Williams Percent Range (14) | -69.86 | NEUTRAL |
| Bull Bear Power (13) | -0.15 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 64.35 | NEUTRAL |
| VWMA (10) | 4.33 | BUY |
| Hull Moving Average (9) | 4.57 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 6.01 | NEUTRAL |
Over the past 7 days, NFTX price was most positively correlated with the price of Bonk (BONK), Pepe Coin (PEPE), Floki Inu (FLOKI), Immutable X (IMX) and Tezos (XTZ) and most negatively correlated with the price of Venice Token (VVV), World Liberty Financial (WLFI), Jito (JTO), Canton (CC) and Gnosis (GNO).
| Name | Correlation |
|---|---|
| Bonk | 0.930 |
| Pepe Coin | 0.925 |
| Floki Inu | 0.917 |
| Immutable X | 0.907 |
| Tezos | 0.894 |
| Name | Correlation |
|---|---|
| Venice Token | -0.591 |
| World Liberty Financial | -0.497 |
| Jito | -0.445 |
| Canton | -0.391 |
| Gnosis | -0.345 |
NFTX price is positively correlated with the top 10 coins by market cap with a price of 0.678, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.605.
Currencies that are positively correlated with NFTX 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 NFTX, a move in one direction for NFTX would translate into a move in the opposite direction for the negatively correlated coin.
