Based on today's classical pivot point (P1) with the value of $0.0₆4915, Sommelier has support levels of $0.0₆4914, $0.0₆4914, and the strongest at $0.0₆4913. Similarly, Sommelier resistance levels are at $0.0₆4915, $0.0₆4916, and $0.0₆4916.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₆4914 | |
| S2 | $0.0₆4914 | |
| S3 | $0.0₆4913 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₆4915 | |
| R2 | $0.0₆4916 | |
| R3 | $0.0₆4916 |
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) | 51.73 | NEUTRAL |
| Stoch RSI (14) | 31.89 | NEUTRAL |
| Stochastic Fast (14) | 37.64 | NEUTRAL |
| Commodity Channel Index (20) | 40.24 | NEUTRAL |
| Average Directional Index (14) | 37.99 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -62.36 | NEUTRAL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 57.45 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Sommelier price was most positively correlated with the price of JUST (JST), Canton (CC), Telcoin (TEL), Pendle (PENDLE) and Binance Coin (BNB) and most negatively correlated with the price of DeXe (DEXE), Render Token (RENDER), Zcash (ZEC), Kaia (KAIA) and Chiliz (CHZ).
| Name | Correlation |
|---|---|
| JUST | 0.246 |
| Canton | 0.226 |
| Telcoin | 0.221 |
| Pendle | 0.188 |
| Binance Coin | 0.155 |
| Name | Correlation |
|---|---|
| DeXe | -0.225 |
| Render Token | -0.222 |
| Zcash | -0.180 |
| Kaia | -0.173 |
| Chiliz | -0.145 |
Sommelier price is negatively correlated with the top 10 coins by market cap with a price of -0.068, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.051.
Currencies that are positively correlated with Sommelier 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 Sommelier, a move in one direction for Sommelier would translate into a move in the opposite direction for the negatively correlated coin.
