Based on today's classical pivot point (P1) with the value of $0.0₅4621, Synonym Finance has support levels of $0.0₅4477, $0.0₅4225, and the strongest at $0.0₅4080. Similarly, Synonym Finance resistance levels are at $0.0₅4873, $0.0₅5018, and $0.0₅5270.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₅4477 | |
| S2 | $0.0₅4225 | |
| S3 | $0.0₅4080 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅4873 | |
| R2 | $0.0₅5018 | |
| R3 | $0.0₅5270 |
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) | 81.68 | SELL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 96.79 | SELL |
| Commodity Channel Index (20) | 163.02 | SELL |
| Average Directional Index (14) | 81.27 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -3.21 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 89.63 | SELL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Synonym Finance price was most positively correlated with the price of APENFT (NFT), Compound (COMP), TRON (TRX), Aave (AAVE) and DeXe (DEXE) and most negatively correlated with the price of Dash (DASH), Render Token (RENDER), Decred (DCR), Bitget Token (BGB) and Zcash (ZEC).
| Name | Correlation |
|---|---|
| APENFT | 0.709 |
| Compound | 0.659 |
| TRON | 0.633 |
| Aave | 0.623 |
| DeXe | 0.618 |
| Name | Correlation |
|---|---|
| Dash | -0.780 |
| Render Token | -0.704 |
| Decred | -0.694 |
| Bitget Token | -0.687 |
| Zcash | -0.633 |
Synonym Finance price is positively correlated with the top 10 coins by market cap with a price of 0.413, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.310.
Currencies that are positively correlated with Synonym Finance 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 Synonym Finance, a move in one direction for Synonym Finance would translate into a move in the opposite direction for the negatively correlated coin.
