Based on today's classical pivot point (P1) with the value of $0.00002045, 2016 coin has support levels of $0.00001997, $0.00001932, and the strongest at $0.00001883. Similarly, 2016 coin resistance levels are at $0.00002110, $0.00002159, and $0.00002224.
| # | Price | Strength |
|---|---|---|
| S1 | $0.00001997 | |
| S2 | $0.00001932 | |
| S3 | $0.00001883 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.00002110 | |
| R2 | $0.00002159 | |
| R3 | $0.00002224 |
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) | 34.32 | NEUTRAL |
| Stoch RSI (14) | 21.96 | NEUTRAL |
| Stochastic Fast (14) | 14.06 | BUY |
| Commodity Channel Index (20) | -82.93 | NEUTRAL |
| Average Directional Index (14) | 26.38 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -85.94 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 43.48 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, 2016 coin price was most positively correlated with the price of Solana (SOL), Mantle (MNT), Avalanche (AVAX), Chainlink (LINK) and Immutable X (IMX) and most negatively correlated with the price of Terra Classic (LUNC), Pudgy Penguins (PENGU), JUST (JST), Bittensor (TAO) and Polygon Ecosystem Token (POL).
| Name | Correlation |
|---|---|
| Solana | 0.685 |
| Mantle | 0.682 |
| Avalanche | 0.658 |
| Chainlink | 0.650 |
| Immutable X | 0.649 |
| Name | Correlation |
|---|---|
| Terra Classic | -0.417 |
| Pudgy Penguins | -0.391 |
| JUST | -0.367 |
| Bittensor | -0.268 |
| Polygon Ecosystem Token | -0.260 |
2016 coin price is positively correlated with the top 10 coins by market cap with a price of 0.362, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.318.
Currencies that are positively correlated with 2016 coin 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 2016 coin, a move in one direction for 2016 coin would translate into a move in the opposite direction for the negatively correlated coin.
