Based on today's classical pivot point (P1) with the value of $0.0₇1695, SkyTrade USDT has support levels of $0.0₇1608, $0.0₇1502, and the strongest at $0.0₇1415. Similarly, SkyTrade USDT resistance levels are at $0.0₇1801, $0.0₇1888, and $0.0₇1993.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₇1608 | |
| S2 | $0.0₇1502 | |
| S3 | $0.0₇1415 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₇1801 | |
| R2 | $0.0₇1888 | |
| R3 | $0.0₇1993 |
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) | 22.01 | BUY |
| Stoch RSI (14) | 98.72 | SELL |
| Stochastic Fast (14) | 0.34 | BUY |
| Commodity Channel Index (20) | -51.56 | NEUTRAL |
| Average Directional Index (14) | 39.03 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | BUY |
| Williams Percent Range (14) | -99.66 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 51.23 | 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, SkyTrade USDT price was most positively correlated with the price of Algorand (ALGO), Injective (INJ), Zebec Network (ZBCN), Terra Classic (LUNC) and Pi Network (PI) and most negatively correlated with the price of Stellar (XLM), World Liberty Financial (WLFI), Quant (QNT), Aster (ASTER) and TRON (TRX).
| Name | Correlation |
|---|---|
| Algorand | 0.936 |
| Injective | 0.915 |
| Zebec Network | 0.909 |
| Terra Classic | 0.876 |
| Pi Network | 0.872 |
| Name | Correlation |
|---|---|
| Stellar | -0.910 |
| World Liberty Financial | -0.905 |
| Quant | -0.865 |
| Aster | -0.863 |
| TRON | -0.829 |
SkyTrade USDT price is positively correlated with the top 10 coins by market cap with a price of 0.283, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.011.
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.
