Based on today's classical pivot point (P1) with the value of $0.04672, Pyth Network has support levels of $0.04333, $0.03889, and the strongest at $0.03550. Similarly, Pyth Network resistance levels are at $0.05116, $0.05455, and $0.05899.
| # | Price | Strength |
|---|---|---|
| S1 | $0.04333 | |
| S2 | $0.03889 | |
| S3 | $0.03550 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.05116 | |
| R2 | $0.05455 | |
| R3 | $0.05899 |
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) | 63.75 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 82.89 | SELL |
| Commodity Channel Index (20) | 255.38 | SELL |
| Average Directional Index (14) | 23.08 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | 0.01 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -17.11 | SELL |
| Bull Bear Power (13) | 0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 53.35 | NEUTRAL |
| VWMA (10) | 0.04 | BUY |
| Hull Moving Average (9) | 0.04 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.04 | NEUTRAL |
Over the past 7 days, Pyth Network price was most positively correlated with the price of Ethena (ENA), Aerodrome Finance (AERO), Immutable X (IMX), Cosmos (ATOM) and Zcash (ZEC) and most negatively correlated with the price of World Liberty Financial (WLFI), DeXe (DEXE), Polygon Ecosystem Token (POL), Pi Network (PI) and Midnight (NIGHT).
| Name | Correlation |
|---|---|
| Ethena | 0.931 |
| Aerodrome Finance | 0.929 |
| Immutable X | 0.926 |
| Cosmos | 0.924 |
| Zcash | 0.924 |
| Name | Correlation |
|---|---|
| World Liberty Financial | -0.650 |
| DeXe | -0.545 |
| Polygon Ecosystem Token | -0.518 |
| Pi Network | -0.453 |
| Midnight | -0.345 |
Pyth Network price is positively correlated with the top 10 coins by market cap with a price of 0.473, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.525.
Currencies that are positively correlated with Pyth Network 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 Pyth Network, a move in one direction for Pyth Network would translate into a move in the opposite direction for the negatively correlated coin.
