Based on today's classical pivot point (P1) with the value of $0.0₅3076, Shibacoin has support levels of $0.0₅2924, $0.0₅2638, and the strongest at $0.0₅2485. Similarly, Shibacoin resistance levels are at $0.0₅3362, $0.0₅3515, and $0.0₅3801.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₅2924 | |
| S2 | $0.0₅2638 | |
| S3 | $0.0₅2485 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅3362 | |
| R2 | $0.0₅3515 | |
| R3 | $0.0₅3801 |
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) | 65.90 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 98.54 | SELL |
| Commodity Channel Index (20) | 231.36 | SELL |
| Average Directional Index (14) | 55.32 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -1.46 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 46.01 | NEUTRAL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Shibacoin price was most positively correlated with the price of Stellar (XLM), Bitcoin Cash (BCH), Morpho (MORPHO), Pendle (PENDLE) and Cardano (ADA) and most negatively correlated with the price of Canton (CC), Pi Network (PI), Uniswap (UNI), Worldcoin (WLD) and TRON (TRX).
| Name | Correlation |
|---|---|
| Stellar | 0.835 |
| Bitcoin Cash | 0.805 |
| Morpho | 0.787 |
| Pendle | 0.737 |
| Cardano | 0.707 |
| Name | Correlation |
|---|---|
| Canton | -0.638 |
| Pi Network | -0.612 |
| Uniswap | -0.571 |
| Worldcoin | -0.534 |
| TRON | -0.513 |
Shibacoin price is positively correlated with the top 10 coins by market cap with a price of 0.226, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.072.
Currencies that are positively correlated with Shibacoin 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 Shibacoin, a move in one direction for Shibacoin would translate into a move in the opposite direction for the negatively correlated coin.
