Based on today's classical pivot point (P1) with the value of $0.09921, Tap Protocol has support levels of $0.09560, $0.09251, and the strongest at $0.08890. Similarly, Tap Protocol resistance levels are at $0.1023, $0.1059, and $0.1090.
| # | Price | Strength |
|---|---|---|
| S1 | $0.09560 | |
| S2 | $0.09251 | |
| S3 | $0.08890 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.1023 | |
| R2 | $0.1059 | |
| R3 | $0.1090 |
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) | 49.19 | NEUTRAL |
| Stoch RSI (14) | 20.71 | NEUTRAL |
| Stochastic Fast (14) | 22.18 | NEUTRAL |
| Commodity Channel Index (20) | -36.14 | NEUTRAL |
| Average Directional Index (14) | 40.73 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -77.82 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | SELL |
| Ultimate Oscillator (7, 14, 28) | 29.62 | BUY |
| VWMA (10) | 0.11 | SELL |
| Hull Moving Average (9) | 0.09 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.13 | NEUTRAL |
Over the past 7 days, Tap Protocol price was most positively correlated with the price of Polkadot (DOT), Optimism (OP), Internet Computer (ICP), Immutable X (IMX) and Flare (FLR) and most negatively correlated with the price of DeXe (DEXE), Toncoin (TON), LEO Token (LEO), World Liberty Financial (WLFI) and Dash (DASH).
| Name | Correlation |
|---|---|
| Polkadot | 0.857 |
| Optimism | 0.835 |
| Internet Computer | 0.790 |
| Immutable X | 0.790 |
| Flare | 0.785 |
| Name | Correlation |
|---|---|
| DeXe | -0.781 |
| Toncoin | -0.739 |
| LEO Token | -0.721 |
| World Liberty Financial | -0.718 |
| Dash | -0.638 |
Tap Protocol price is positively correlated with the top 10 coins by market cap with a price of 0.176, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.168.
Currencies that are positively correlated with Tap Protocol 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 Tap Protocol, a move in one direction for Tap Protocol would translate into a move in the opposite direction for the negatively correlated coin.
