Based on today's classical pivot point (P1) with the value of $0.3973, Palladium has support levels of $0.3942, $0.3920, and the strongest at $0.3889. Similarly, Palladium resistance levels are at $0.3996, $0.4026, and $0.4049.
| # | Price | Strength |
|---|---|---|
| S1 | $0.3942 | |
| S2 | $0.3920 | |
| S3 | $0.3889 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.3996 | |
| R2 | $0.4026 | |
| R3 | $0.4049 |
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) | 52.00 | NEUTRAL |
| Stoch RSI (14) | 89.39 | SELL |
| Stochastic Fast (14) | 56.09 | NEUTRAL |
| Commodity Channel Index (20) | 65.49 | NEUTRAL |
| Average Directional Index (14) | 26.87 | BUY |
| Awesome Oscillator (5, 34) | 0.02 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.01 | NEUTRAL |
| Williams Percent Range (14) | -43.91 | NEUTRAL |
| Bull Bear Power (13) | 0.03 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 40.81 | NEUTRAL |
| VWMA (10) | 0.39 | BUY |
| Hull Moving Average (9) | 0.39 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.37 | NEUTRAL |
Over the past 7 days, Palladium price was most positively correlated with the price of OKB (OKB), Sun Token (SUN), Immutable X (IMX), Jito (JTO) and Worldcoin (WLD) and most negatively correlated with the price of Beldex (BDX), World Liberty Financial (WLFI), Venice Token (VVV), Gnosis (GNO) and Morpho (MORPHO).
| Name | Correlation |
|---|---|
| OKB | 0.526 |
| Sun Token | 0.485 |
| Immutable X | 0.465 |
| Jito | 0.435 |
| Worldcoin | 0.428 |
| Name | Correlation |
|---|---|
| Beldex | -0.432 |
| World Liberty Financial | -0.122 |
| Venice Token | -0.068 |
| Gnosis | 0.010 |
| Morpho | 0.014 |
Palladium price is positively correlated with the top 10 coins by market cap with a price of 0.241, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.231.
Currencies that are positively correlated with Palladium 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 Palladium, a move in one direction for Palladium would translate into a move in the opposite direction for the negatively correlated coin.
