Based on today's classical pivot point (P1) with the value of $0.0₆6240, Sonik has support levels of $0.0₆6167, $0.0₆6075, and the strongest at $0.0₆6001. Similarly, Sonik resistance levels are at $0.0₆6332, $0.0₆6406, and $0.0₆6498.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₆6167 | |
| S2 | $0.0₆6075 | |
| S3 | $0.0₆6001 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₆6332 | |
| R2 | $0.0₆6406 | |
| R3 | $0.0₆6498 |
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) | 69.92 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 86.95 | SELL |
| Commodity Channel Index (20) | 111.32 | SELL |
| Average Directional Index (14) | 32.21 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -13.05 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 75.89 | SELL |
| 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, Sonik price was most positively correlated with the price of Bittensor (TAO), LEO Token (LEO), Aptos (APT), Sun Token (SUN) and World Liberty Financial (WLFI) and most negatively correlated with the price of Decred (DCR), Polkadot (DOT), Ethena (ENA), Optimism (OP) and Immutable X (IMX).
| Name | Correlation |
|---|---|
| Bittensor | 0.771 |
| LEO Token | 0.708 |
| Aptos | 0.627 |
| Sun Token | 0.616 |
| World Liberty Financial | 0.577 |
| Name | Correlation |
|---|---|
| Decred | -0.682 |
| Polkadot | -0.631 |
| Ethena | -0.589 |
| Optimism | -0.553 |
| Immutable X | -0.536 |
Sonik price is negatively correlated with the top 10 coins by market cap with a price of -0.114, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.132.
Currencies that are positively correlated with Sonik 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 Sonik, a move in one direction for Sonik would translate into a move in the opposite direction for the negatively correlated coin.
