Based on today's classical pivot point (P1) with the value of $0.0003127, Stablecoin has support levels of $0.0003090, $0.0003067, and the strongest at $0.0003029. Similarly, Stablecoin resistance levels are at $0.0003150, $0.0003187, and $0.0003210.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0003090 | |
| S2 | $0.0003067 | |
| S3 | $0.0003029 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0003150 | |
| R2 | $0.0003187 | |
| R3 | $0.0003210 |
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) | 17.63 | BUY |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 0.43 | BUY |
| Commodity Channel Index (20) | -139.34 | BUY |
| Average Directional Index (14) | 53.01 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -99.57 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 27.26 | BUY |
| 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, Stablecoin price was most positively correlated with the price of NEAR Protocol (NEAR), Polkadot (DOT), Cosmos (ATOM), Immutable X (IMX) and Tezos (XTZ) and most negatively correlated with the price of Monad (MON), Bittensor (TAO), Beldex (BDX), Ondo Finance (ONDO) and Stellar (XLM).
| Name | Correlation |
|---|---|
| NEAR Protocol | 0.866 |
| Polkadot | 0.831 |
| Cosmos | 0.830 |
| Immutable X | 0.782 |
| Tezos | 0.779 |
| Name | Correlation |
|---|---|
| Monad | -0.745 |
| Bittensor | -0.699 |
| Beldex | -0.687 |
| Ondo Finance | -0.623 |
| Stellar | -0.599 |
Stablecoin price is positively correlated with the top 10 coins by market cap with a price of 0.258, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.209.
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.
