Based on today's classical pivot point (P1) with the value of $1.02, RateX has support levels of $1.01, $1.01, and the strongest at $0.9999. Similarly, RateX resistance levels are at $1.03, $1.03, and $1.04.
| # | Price | Strength |
|---|---|---|
| S1 | $1.01 | |
| S2 | $1.01 | |
| S3 | $0.9999 |
| # | Price | Strength |
|---|---|---|
| R1 | $1.03 | |
| R2 | $1.03 | |
| R3 | $1.04 |
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) | 46.58 | NEUTRAL |
| Stoch RSI (14) | 15.40 | BUY |
| Stochastic Fast (14) | 8.47 | BUY |
| Commodity Channel Index (20) | -71.81 | NEUTRAL |
| Average Directional Index (14) | 31.25 | BUY |
| Awesome Oscillator (5, 34) | -0.03 | NEUTRAL |
| Momentum (10) | -0.04 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -91.53 | BUY |
| Bull Bear Power (13) | -0.02 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 30.24 | NEUTRAL |
| VWMA (10) | 1.03 | SELL |
| Hull Moving Average (9) | 1.01 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 1.11 | NEUTRAL |
Over the past 7 days, RateX price was most positively correlated with the price of Algorand (ALGO), Floki Inu (FLOKI), Immutable X (IMX), Polygon Ecosystem Token (POL) and Gram (prev. Toncoin) (GRAM) and most negatively correlated with the price of LEO Token (LEO), Uniswap (UNI), Morpho (MORPHO), Jupiter (JUP) and Decred (DCR).
| Name | Correlation |
|---|---|
| Algorand | 0.856 |
| Floki Inu | 0.855 |
| Immutable X | 0.849 |
| Polygon Ecosystem Token | 0.844 |
| Gram (prev. Toncoin) | 0.839 |
| Name | Correlation |
|---|---|
| LEO Token | -0.666 |
| Uniswap | -0.627 |
| Morpho | -0.517 |
| Jupiter | -0.514 |
| Decred | -0.486 |
RateX price is positively correlated with the top 10 coins by market cap with a price of 0.477, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.481.
Currencies that are positively correlated with RateX 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 RateX, a move in one direction for RateX would translate into a move in the opposite direction for the negatively correlated coin.
