Based on today's classical pivot point (P1) with the value of $0.0₅2799, SkyTrade USDT has support levels of $0.0₅2502, $0.0₅2343, and the strongest at $0.0₅2047. Similarly, SkyTrade USDT resistance levels are at $0.0₅2958, $0.0₅3255, and $0.0₅3414.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₅2502 | |
| S2 | $0.0₅2343 | |
| S3 | $0.0₅2047 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅2958 | |
| R2 | $0.0₅3255 | |
| R3 | $0.0₅3414 |
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) | 36.90 | NEUTRAL |
| Stoch RSI (14) | 0.91 | BUY |
| Stochastic Fast (14) | 2.46 | BUY |
| Commodity Channel Index (20) | -132.33 | BUY |
| Average Directional Index (14) | 39.50 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -97.54 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 20.68 | 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 LayerZero (ZRO), Aptos (APT), Hyperliquid (HYPE), Bittensor (TAO) and Pump.fun (PUMP) and most negatively correlated with the price of DeXe (DEXE), LEO Token (LEO), Zcash (ZEC), Lido DAO Token (LDO) and Sky (SKY).
| Name | Correlation |
|---|---|
| LayerZero | 0.866 |
| Aptos | 0.829 |
| Hyperliquid | 0.802 |
| Bittensor | 0.784 |
| Pump.fun | 0.764 |
| Name | Correlation |
|---|---|
| DeXe | -0.782 |
| LEO Token | -0.777 |
| Zcash | -0.776 |
| Lido DAO Token | -0.774 |
| Sky | -0.759 |
SkyTrade USDT price is positively correlated with the top 10 coins by market cap with a price of 0.098, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.088.
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.
