Based on today's classical pivot point (P1) with the value of $0.0₇5502, SkyTrade USDT has support levels of $0.0₇5237, $0.0₇4984, and the strongest at $0.0₇4719. Similarly, SkyTrade USDT resistance levels are at $0.0₇5755, $0.0₇6020, and $0.0₇6273.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₇5237 | |
| S2 | $0.0₇4984 | |
| S3 | $0.0₇4719 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₇5755 | |
| R2 | $0.0₇6020 | |
| R3 | $0.0₇6273 |
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) | 25.40 | BUY |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 86.14 | SELL |
| Commodity Channel Index (20) | 127.67 | SELL |
| Average Directional Index (14) | 41.85 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -13.86 | SELL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 56.18 | NEUTRAL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | SELL |
| 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 Curve DAO Token (CRV), Flare (FLR), Binance Coin (BNB), Telcoin (TEL) and XDC Network (XDC) and most negatively correlated with the price of Sky (SKY), Dash (DASH), Virtuals Protocol (VIRTUAL), Toncoin (TON) and Algorand (ALGO).
| Name | Correlation |
|---|---|
| Curve DAO Token | 0.860 |
| Flare | 0.856 |
| Binance Coin | 0.850 |
| Telcoin | 0.809 |
| XDC Network | 0.787 |
| Name | Correlation |
|---|---|
| Sky | -0.784 |
| Dash | -0.754 |
| Virtuals Protocol | -0.739 |
| Toncoin | -0.684 |
| Algorand | -0.674 |
SkyTrade USDT price is positively correlated with the top 10 coins by market cap with a price of 0.050, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.065.
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.
