Based on today's classical pivot point (P1) with the value of $0.00002220, Parrot Protocol has support levels of $0.00002169, $0.00002138, and the strongest at $0.00002087. Similarly, Parrot Protocol resistance levels are at $0.00002250, $0.00002301, and $0.00002332.
| # | Price | Strength |
|---|---|---|
| S1 | $0.00002169 | |
| S2 | $0.00002138 | |
| S3 | $0.00002087 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.00002250 | |
| R2 | $0.00002301 | |
| R3 | $0.00002332 |
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) | 33.34 | NEUTRAL |
| Stoch RSI (14) | 27.21 | NEUTRAL |
| Stochastic Fast (14) | 13.60 | BUY |
| Commodity Channel Index (20) | -78.97 | NEUTRAL |
| Average Directional Index (14) | 30.75 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -86.40 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 37.45 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Parrot Protocol price was most positively correlated with the price of Arbitrum (ARB), Internet Computer (ICP), Ondo Finance (ONDO), Optimism (OP) and Immutable X (IMX) and most negatively correlated with the price of Dash (DASH), Pi Network (PI), Bitcoin Cash (BCH), Toncoin (TON) and Morpho (MORPHO).
| Name | Correlation |
|---|---|
| Arbitrum | 0.666 |
| Internet Computer | 0.611 |
| Ondo Finance | 0.609 |
| Optimism | 0.607 |
| Immutable X | 0.605 |
| Name | Correlation |
|---|---|
| Dash | -0.414 |
| Pi Network | -0.369 |
| Bitcoin Cash | -0.340 |
| Toncoin | -0.252 |
| Morpho | -0.204 |
Parrot Protocol price is positively correlated with the top 10 coins by market cap with a price of 0.370, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.309.
Currencies that are positively correlated with Parrot Protocol 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 Parrot Protocol, a move in one direction for Parrot Protocol would translate into a move in the opposite direction for the negatively correlated coin.
