Based on today's classical pivot point (P1) with the value of $0.0002999, Stablecoin has support levels of $0.0002945, $0.0002914, and the strongest at $0.0002860. Similarly, Stablecoin resistance levels are at $0.0003029, $0.0003083, and $0.0003113.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0002945 | |
| S2 | $0.0002914 | |
| S3 | $0.0002860 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0003029 | |
| R2 | $0.0003083 | |
| R3 | $0.0003113 |
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) | 34.94 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 1.27 | BUY |
| Commodity Channel Index (20) | -103.10 | BUY |
| Average Directional Index (14) | 24.78 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -98.73 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 22.64 | BUY |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | BUY |
| 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 Mantle (MNT), XDC Network (XDC), LayerZero (ZRO), Immutable X (IMX) and TRON (TRX) and most negatively correlated with the price of Aave (AAVE), Jito (JTO), Jupiter (JUP), Beldex (BDX) and JUST (JST).
| Name | Correlation |
|---|---|
| Mantle | 0.977 |
| XDC Network | 0.947 |
| LayerZero | 0.944 |
| Immutable X | 0.943 |
| TRON | 0.936 |
| Name | Correlation |
|---|---|
| Aave | -0.908 |
| Jito | -0.883 |
| Jupiter | -0.494 |
| Beldex | -0.493 |
| JUST | -0.457 |
Stablecoin price is positively correlated with the top 10 coins by market cap with a price of 0.376, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.508.
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.
