Based on today's classical pivot point (P1) with the value of $0.0₅3779, Picasso has support levels of $0.0₅3253, $0.0₅2990, and the strongest at $0.0₅2465. Similarly, Picasso resistance levels are at $0.0₅4042, $0.0₅4568, and $0.0₅4831.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₅3253 | |
| S2 | $0.0₅2990 | |
| S3 | $0.0₅2465 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅4042 | |
| R2 | $0.0₅4568 | |
| R3 | $0.0₅4831 |
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) | 49.80 | NEUTRAL |
| Stoch RSI (14) | 53.23 | NEUTRAL |
| Stochastic Fast (14) | 31.83 | NEUTRAL |
| Commodity Channel Index (20) | 30.13 | NEUTRAL |
| Average Directional Index (14) | 27.72 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -68.17 | NEUTRAL |
| Bull Bear Power (13) | 0.00 | SELL |
| Ultimate Oscillator (7, 14, 28) | 46.25 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Picasso price was most positively correlated with the price of Flare (FLR), XDC Network (XDC), Canton (CC), Dogecoin (DOGE) and Quant (QNT) and most negatively correlated with the price of Cosmos (ATOM), APENFT (NFT), NEAR Protocol (NEAR), Sun Token (SUN) and Kaia (KAIA).
| Name | Correlation |
|---|---|
| Flare | 0.641 |
| XDC Network | 0.512 |
| Canton | 0.445 |
| Dogecoin | 0.399 |
| Quant | 0.394 |
| Name | Correlation |
|---|---|
| Cosmos | -0.513 |
| APENFT | -0.302 |
| NEAR Protocol | -0.290 |
| Sun Token | -0.265 |
| Kaia | -0.251 |
Picasso price is negatively correlated with the top 10 coins by market cap with a price of -0.015, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.024.
Currencies that are positively correlated with Picasso 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 Picasso, a move in one direction for Picasso would translate into a move in the opposite direction for the negatively correlated coin.
