Based on today's classical pivot point (P1) with the value of $0.0₉2315, SkyTrade USDT has support levels of $0.0₉1737, $0.0₉1358, and the strongest at $0.0₁₀7804. Similarly, SkyTrade USDT resistance levels are at $0.0₉2694, $0.0₉3271, and $0.0₉3650.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₉1737 | |
| S2 | $0.0₉1358 | |
| S3 | $0.0₁₀7804 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₉2694 | |
| R2 | $0.0₉3271 | |
| R3 | $0.0₉3650 |
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) | 11.10 | BUY |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 0.20 | BUY |
| Commodity Channel Index (20) | -72.06 | NEUTRAL |
| Average Directional Index (14) | 59.43 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -99.80 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 9.09 | BUY |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, SkyTrade USDT price was most positively correlated with the price of Cronos (CRO), Sky (SKY), Quant (QNT), Algorand (ALGO) and Injective (INJ) and most negatively correlated with the price of Monero (XMR), Bitcoin SV (BSV), Mantle (MNT), OKB (OKB) and LayerZero (ZRO).
| Name | Correlation |
|---|---|
| Cronos | 0.920 |
| Sky | 0.877 |
| Quant | 0.845 |
| Algorand | 0.842 |
| Injective | 0.837 |
| Name | Correlation |
|---|---|
| Monero | -0.952 |
| Bitcoin SV | -0.908 |
| Mantle | -0.886 |
| OKB | -0.882 |
| LayerZero | -0.875 |
SkyTrade USDT price is negatively correlated with the top 10 coins by market cap with a price of -0.030, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.117.
Currencies that are positively correlated with SkyTrade USDT 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 SkyTrade USDT, a move in one direction for SkyTrade USDT would translate into a move in the opposite direction for the negatively correlated coin.
