Based on today's classical pivot point (P1) with the value of $0.6182, Raydium has support levels of $0.6031, $0.5784, and the strongest at $0.5633. Similarly, Raydium resistance levels are at $0.6428, $0.6579, and $0.6825.
| # | Price | Strength |
|---|---|---|
| S1 | $0.6031 | |
| S2 | $0.5784 | |
| S3 | $0.5633 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.6428 | |
| R2 | $0.6579 | |
| R3 | $0.6825 |
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) | 47.71 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 65.73 | NEUTRAL |
| Commodity Channel Index (20) | 21.61 | NEUTRAL |
| Average Directional Index (14) | 22.85 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.05 | NEUTRAL |
| Momentum (10) | 0.07 | NEUTRAL |
| MACD (12, 26) | 0.01 | NEUTRAL |
| Williams Percent Range (14) | -34.27 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | BUY |
| Ultimate Oscillator (7, 14, 28) | 53.21 | NEUTRAL |
| VWMA (10) | 0.61 | BUY |
| Hull Moving Average (9) | 0.61 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.66 | NEUTRAL |
Over the past 7 days, Raydium price was most positively correlated with the price of Solana (SOL), Dash (DASH), Immutable X (IMX), Litecoin (LTC) and Bitcoin (BTC) and most negatively correlated with the price of Conflux (CFX), Stellar (XLM), Uniswap (UNI), Beldex (BDX) and Ethena (ENA).
| Name | Correlation |
|---|---|
| Solana | 0.936 |
| Dash | 0.840 |
| Immutable X | 0.839 |
| Litecoin | 0.837 |
| Bitcoin | 0.816 |
| Name | Correlation |
|---|---|
| Conflux | -0.210 |
| Stellar | -0.111 |
| Uniswap | -0.099 |
| Beldex | -0.092 |
| Ethena | -0.073 |
Raydium price is positively correlated with the top 10 coins by market cap with a price of 0.471, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.489.
Currencies that are positively correlated with Raydium 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 Raydium, a move in one direction for Raydium would translate into a move in the opposite direction for the negatively correlated coin.
