Based on today's classical pivot point (P1) with the value of $0.0₅1200, Watermelon has support levels of $0.0₅1146, $0.0₅1086, and the strongest at $0.0₅1032. Similarly, Watermelon resistance levels are at $0.0₅1261, $0.0₅1314, and $0.0₅1375.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₅1146 | |
| S2 | $0.0₅1086 | |
| S3 | $0.0₅1032 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅1261 | |
| R2 | $0.0₅1314 | |
| R3 | $0.0₅1375 |
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) | 69.16 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 82.60 | SELL |
| Commodity Channel Index (20) | 165.68 | SELL |
| Average Directional Index (14) | 49.44 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -17.40 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 71.45 | SELL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Watermelon price was most positively correlated with the price of Chainlink (LINK), Ethereum (ETH), Filecoin (FIL), Curve DAO Token (CRV) and Sui Crypto (SUI) and most negatively correlated with the price of LEO Token (LEO), Canton (CC), Aave (AAVE), World Liberty Financial (WLFI) and Gnosis (GNO).
| Name | Correlation |
|---|---|
| Chainlink | 0.928 |
| Ethereum | 0.921 |
| Filecoin | 0.913 |
| Curve DAO Token | 0.895 |
| Sui Crypto | 0.891 |
| Name | Correlation |
|---|---|
| LEO Token | -0.671 |
| Canton | -0.591 |
| Aave | -0.410 |
| World Liberty Financial | -0.378 |
| Gnosis | -0.310 |
Watermelon price is positively correlated with the top 10 coins by market cap with a price of 0.599, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.558.
Currencies that are positively correlated with Watermelon 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 Watermelon, a move in one direction for Watermelon would translate into a move in the opposite direction for the negatively correlated coin.
