Based on today's classical pivot point (P1) with the value of $0.3450, THORChain has support levels of $0.3362, $0.3269, and the strongest at $0.3181. Similarly, THORChain resistance levels are at $0.3544, $0.3632, and $0.3725.
| # | Price | Strength |
|---|---|---|
| S1 | $0.3362 | |
| S2 | $0.3269 | |
| S3 | $0.3181 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.3544 | |
| R2 | $0.3632 | |
| R3 | $0.3725 |
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) | 31.60 | NEUTRAL |
| Stoch RSI (14) | 47.61 | NEUTRAL |
| Stochastic Fast (14) | 31.37 | NEUTRAL |
| Commodity Channel Index (20) | -116.06 | BUY |
| Average Directional Index (14) | 46.32 | SELL |
| Awesome Oscillator (5, 34) | -0.12 | NEUTRAL |
| Momentum (10) | -0.08 | NEUTRAL |
| MACD (12, 26) | -0.01 | NEUTRAL |
| Williams Percent Range (14) | -68.63 | NEUTRAL |
| Bull Bear Power (13) | -0.07 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 41.10 | NEUTRAL |
| VWMA (10) | 0.37 | SELL |
| Hull Moving Average (9) | 0.31 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.45 | NEUTRAL |
Over the past 7 days, THORChain price was most positively correlated with the price of Dogecoin (DOGE), Immutable X (IMX), XRP (XRP), Celestia (TIA) and Morpho (MORPHO) and most negatively correlated with the price of Beldex (BDX), Monad (MON), DeXe (DEXE), Telcoin (TEL) and Canton (CC).
| Name | Correlation |
|---|---|
| Dogecoin | 0.949 |
| Immutable X | 0.948 |
| XRP | 0.947 |
| Celestia | 0.946 |
| Morpho | 0.942 |
| Name | Correlation |
|---|---|
| Beldex | -0.335 |
| Monad | -0.246 |
| DeXe | -0.188 |
| Telcoin | -0.099 |
| Canton | -0.098 |
THORChain price is positively correlated with the top 10 coins by market cap with a price of 0.849, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.780.
Currencies that are positively correlated with THORChain 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 THORChain, a move in one direction for THORChain would translate into a move in the opposite direction for the negatively correlated coin.
