Based on today's classical pivot point (P1) with the value of $1.28, Render Token has support levels of $1.21, $1.11, and the strongest at $1.04. Similarly, Render Token resistance levels are at $1.38, $1.45, and $1.56.
| # | Price | Strength |
|---|---|---|
| S1 | $1.21 | |
| S2 | $1.11 | |
| S3 | $1.04 |
| # | Price | Strength |
|---|---|---|
| R1 | $1.38 | |
| R2 | $1.45 | |
| R3 | $1.56 |
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) | 30.95 | NEUTRAL |
| Stoch RSI (14) | 54.27 | NEUTRAL |
| Stochastic Fast (14) | 22.34 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 40.21 | BUY |
| Awesome Oscillator (5, 34) | -0.34 | NEUTRAL |
| Momentum (10) | -0.39 | NEUTRAL |
| MACD (12, 26) | -0.02 | NEUTRAL |
| Williams Percent Range (14) | -77.66 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 32.71 | NEUTRAL |
| VWMA (10) | 1.45 | SELL |
| Hull Moving Average (9) | 1.20 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 1.53 | NEUTRAL |
Over the past 7 days, Render Token price was most positively correlated with the price of Bonk (BONK), Artificial Superintelligence Alliance (FET), Shiba Inu (SHIB), Sei (SEI) and Immutable X (IMX) and most negatively correlated with the price of JUST (JST), Monero (XMR), Morpho (MORPHO), TRON (TRX) and Midnight (NIGHT).
| Name | Correlation |
|---|---|
| Bonk | 0.991 |
| Artificial Superintelligence Alliance | 0.990 |
| Shiba Inu | 0.990 |
| Sei | 0.989 |
| Immutable X | 0.989 |
| Name | Correlation |
|---|---|
| JUST | -0.658 |
| Monero | -0.561 |
| Morpho | -0.554 |
| TRON | -0.466 |
| Midnight | -0.313 |
Render Token price is positively correlated with the top 10 coins by market cap with a price of 0.945, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.795.
Currencies that are positively correlated with Render Token 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 Render Token, a move in one direction for Render Token would translate into a move in the opposite direction for the negatively correlated coin.
