Based on today's classical pivot point (P1) with the value of $0.01326, VeChain has support levels of $0.01271, $0.01238, and the strongest at $0.01183. Similarly, VeChain resistance levels are at $0.01358, $0.01414, and $0.01446.
| # | Price | Strength |
|---|---|---|
| S1 | $0.01271 | |
| S2 | $0.01238 | |
| S3 | $0.01183 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.01358 | |
| R2 | $0.01414 | |
| R3 | $0.01446 |
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) | 44.36 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 67.86 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 29.73 | BUY |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -32.14 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 50.69 | NEUTRAL |
| VWMA (10) | 0.01 | BUY |
| Hull Moving Average (9) | 0.01 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.02 | NEUTRAL |
Over the past 7 days, VeChain price was most positively correlated with the price of Algorand (ALGO), Injective (INJ), Immutable X (IMX), Stacks (STX) and Floki Inu (FLOKI) and most negatively correlated with the price of JUST (JST), Merlin Chain (MERL), UNUS SED LEO (LEO), Quant (QNT) and Telcoin (TEL).
| Name | Correlation |
|---|---|
| Algorand | 0.982 |
| Injective | 0.982 |
| Immutable X | 0.975 |
| Stacks | 0.975 |
| Floki Inu | 0.975 |
| Name | Correlation |
|---|---|
| JUST | -0.759 |
| Merlin Chain | -0.325 |
| UNUS SED LEO | -0.283 |
| Quant | -0.124 |
| Telcoin | 0.166 |
VeChain price is positively correlated with the top 10 coins by market cap with a price of 0.837, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.778.
Currencies that are positively correlated with VeChain 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 VeChain, a move in one direction for VeChain would translate into a move in the opposite direction for the negatively correlated coin.
