Based on today's classical pivot point (P1) with the value of $0.0001859, The Root Network has support levels of $0.0001474, $0.0001139, and the strongest at $0.00007552. Similarly, The Root Network resistance levels are at $0.0002194, $0.0002578, and $0.0002913.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0001474 | |
| S2 | $0.0001139 | |
| S3 | $0.00007552 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0002194 | |
| R2 | $0.0002578 | |
| R3 | $0.0002913 |
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) | 67.87 | NEUTRAL |
| Stoch RSI (14) | 87.72 | SELL |
| Stochastic Fast (14) | 40.07 | NEUTRAL |
| Commodity Channel Index (20) | 200.72 | SELL |
| Average Directional Index (14) | 63.34 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | BUY |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -59.93 | NEUTRAL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 36.45 | NEUTRAL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, The Root Network price was most positively correlated with the price of Terra Classic (LUNC), World Liberty Financial (WLFI), Sun Token (SUN), Chainlink (LINK) and TRON (TRX) and most negatively correlated with the price of Zcash (ZEC), Aave (AAVE), Gnosis (GNO), Cardano (ADA) and Floki Inu (FLOKI).
| Name | Correlation |
|---|---|
| Terra Classic | 0.640 |
| World Liberty Financial | 0.619 |
| Sun Token | 0.576 |
| Chainlink | 0.534 |
| TRON | 0.534 |
| Name | Correlation |
|---|---|
| Zcash | -0.656 |
| Aave | -0.632 |
| Gnosis | -0.626 |
| Cardano | -0.622 |
| Floki Inu | -0.610 |
The Root Network price is negatively correlated with the top 10 coins by market cap with a price of -0.304, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.127.
Currencies that are positively correlated with The Root Network 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 The Root Network, a move in one direction for The Root Network would translate into a move in the opposite direction for the negatively correlated coin.
