Based on today's classical pivot point (P1) with the value of $0.04988, The9bit has support levels of $0.04966, $0.04934, and the strongest at $0.04912. Similarly, The9bit resistance levels are at $0.05020, $0.05042, and $0.05073.
| # | Price | Strength |
|---|---|---|
| S1 | $0.04966 | |
| S2 | $0.04934 | |
| S3 | $0.04912 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.05020 | |
| R2 | $0.05042 | |
| R3 | $0.05073 |
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) | 65.73 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 66.47 | NEUTRAL |
| Commodity Channel Index (20) | 4.70 | NEUTRAL |
| Average Directional Index (14) | 10.00 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | -0.00 | SELL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -33.53 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 64.10 | 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 Jasmy (JASMY), Optimism (OP), Sun Token (SUN), Immutable X (IMX) and Artificial Superintelligence Alliance (FET) and most negatively correlated with the price of Chainlink (LINK), Compound (COMP), Polygon Ecosystem Token (POL), PancakeSwap (CAKE) and World Liberty Financial (WLFI).
| Name | Correlation |
|---|---|
| Jasmy | 0.641 |
| Optimism | 0.601 |
| Sun Token | 0.594 |
| Immutable X | 0.590 |
| Artificial Superintelligence Alliance | 0.586 |
| Name | Correlation |
|---|---|
| Chainlink | -0.586 |
| Compound | -0.578 |
| Polygon Ecosystem Token | -0.564 |
| PancakeSwap | -0.558 |
| World Liberty Financial | -0.550 |
The9bit price is positively correlated with the top 10 coins by market cap with a price of 0.216, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.076.
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.
