Based on today's classical pivot point (P1) with the value of $0.0₅1791, stablecoin has support levels of $0.0₅1668, $0.0₅1606, and the strongest at $0.0₅1483. Similarly, stablecoin resistance levels are at $0.0₅1852, $0.0₅1976, and $0.0₅2037.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₅1668 | |
| S2 | $0.0₅1606 | |
| S3 | $0.0₅1483 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅1852 | |
| R2 | $0.0₅1976 | |
| R3 | $0.0₅2037 |
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) | 12.62 | BUY |
| Stoch RSI (14) | NEUTRAL | |
| Stochastic Fast (14) | 0.00 | BUY |
| Commodity Channel Index (20) | NEUTRAL | |
| Average Directional Index (14) | NEUTRAL | |
| Awesome Oscillator (5, 34) | NEUTRAL | |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | NEUTRAL | |
| Williams Percent Range (14) | -100.00 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | NEUTRAL | |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | NEUTRAL |
Over the past 7 days, stablecoin price was most positively correlated with the price of Bitcoin SV (BSV), Pi Network (PI), Cronos (CRO), Hedera Hashgraph (HBAR) and Curve DAO Token (CRV) and most negatively correlated with the price of Celestia (TIA), Worldcoin (WLD), Artificial Superintelligence Alliance (FET), TRON (TRX) and Injective (INJ).
| Name | Correlation |
|---|---|
| Bitcoin SV | 0.345 |
| Pi Network | 0.271 |
| Cronos | 0.261 |
| Hedera Hashgraph | 0.260 |
| Curve DAO Token | 0.245 |
| Name | Correlation |
|---|---|
| Celestia | -0.279 |
| Worldcoin | -0.230 |
| Artificial Superintelligence Alliance | -0.227 |
| TRON | -0.226 |
| Injective | -0.209 |
stablecoin price is positively correlated with the top 10 coins by market cap with a price of 0.070, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.063.
Currencies that are positively correlated with stablecoin 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 stablecoin, a move in one direction for stablecoin would translate into a move in the opposite direction for the negatively correlated coin.
