Based on today's classical pivot point (P1) with the value of $0.04974, The9bit has support levels of $0.04951, $0.04922, and the strongest at $0.04898. Similarly, The9bit resistance levels are at $0.05003, $0.05026, and $0.05055.
| # | Price | Strength |
|---|---|---|
| S1 | $0.04951 | |
| S2 | $0.04922 | |
| S3 | $0.04898 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.05003 | |
| R2 | $0.05026 | |
| R3 | $0.05055 |
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) | 61.00 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 44.46 | NEUTRAL |
| Commodity Channel Index (20) | -106.78 | BUY |
| Average Directional Index (14) | 9.65 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -55.54 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | SELL |
| Ultimate Oscillator (7, 14, 28) | 63.63 | NEUTRAL |
| VWMA (10) | 0.05 | SELL |
| Hull Moving Average (9) | 0.05 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.05 | NEUTRAL |
Over the past 7 days, The9bit price was most positively correlated with the price of Sun Token (SUN), Jasmy (JASMY), Immutable X (IMX), Artificial Superintelligence Alliance (FET) and Decred (DCR) and most negatively correlated with the price of Chainlink (LINK), PancakeSwap (CAKE), Tezos (XTZ), Gnosis (GNO) and Lido DAO Token (LDO).
| Name | Correlation |
|---|---|
| Sun Token | 0.649 |
| Jasmy | 0.597 |
| Immutable X | 0.543 |
| Artificial Superintelligence Alliance | 0.391 |
| Decred | 0.389 |
| Name | Correlation |
|---|---|
| Chainlink | -0.744 |
| PancakeSwap | -0.726 |
| Tezos | -0.723 |
| Gnosis | -0.708 |
| Lido DAO Token | -0.691 |
The9bit price is negatively correlated with the top 10 coins by market cap with a price of -0.214, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.261.
Currencies that are positively correlated with The9bit 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 The9bit, a move in one direction for The9bit would translate into a move in the opposite direction for the negatively correlated coin.
