Based on today's classical pivot point (P1) with the value of $0.0₆5233, Sonik has support levels of $0.0₆5207, $0.0₆5173, and the strongest at $0.0₆5146. Similarly, Sonik resistance levels are at $0.0₆5267, $0.0₆5294, and $0.0₆5328.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₆5207 | |
| S2 | $0.0₆5173 | |
| S3 | $0.0₆5146 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₆5267 | |
| R2 | $0.0₆5294 | |
| R3 | $0.0₆5328 |
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) | 86.17 | SELL |
| Stoch RSI (14) | 93.86 | SELL |
| Stochastic Fast (14) | 97.61 | SELL |
| Commodity Channel Index (20) | 186.47 | SELL |
| Average Directional Index (14) | 88.13 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -2.39 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 91.51 | 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 TRON (TRX), LayerZero (ZRO), Monero (XMR), JUST (JST) and Shiba Inu (SHIB) and most negatively correlated with the price of Stacks (STX), Decred (DCR), Cosmos (ATOM), Arbitrum (ARB) and Terra Classic (LUNC).
| Name | Correlation |
|---|---|
| TRON | 0.788 |
| LayerZero | 0.769 |
| Monero | 0.751 |
| JUST | 0.656 |
| Shiba Inu | 0.507 |
| Name | Correlation |
|---|---|
| Stacks | -0.939 |
| Decred | -0.926 |
| Cosmos | -0.919 |
| Arbitrum | -0.914 |
| Terra Classic | -0.911 |
Sonik price is negatively correlated with the top 10 coins by market cap with a price of -0.340, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.431.
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.
