Based on today's classical pivot point (P1) with the value of $0.1732, Band Protocol has support levels of $0.1689, $0.1635, and the strongest at $0.1591. Similarly, Band Protocol resistance levels are at $0.1786, $0.1830, and $0.1884.
| # | Price | Strength |
|---|---|---|
| S1 | $0.1689 | |
| S2 | $0.1635 | |
| S3 | $0.1591 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.1786 | |
| R2 | $0.1830 | |
| R3 | $0.1884 |
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) | 35.89 | NEUTRAL |
| Stoch RSI (14) | 18.86 | BUY |
| Stochastic Fast (14) | 27.31 | NEUTRAL |
| Commodity Channel Index (20) | -164.54 | BUY |
| Average Directional Index (14) | 21.80 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.03 | NEUTRAL |
| Momentum (10) | -0.01 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -72.69 | NEUTRAL |
| Bull Bear Power (13) | -0.03 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 45.82 | NEUTRAL |
| VWMA (10) | 0.19 | SELL |
| Hull Moving Average (9) | 0.18 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.20 | NEUTRAL |
Over the past 7 days, Band Protocol price was most positively correlated with the price of Conflux (CFX), Official Trump (TRUMP), Immutable X (IMX), Celestia (TIA) and VeChain (VET) and most negatively correlated with the price of DeXe (DEXE), Beldex (BDX), Worldcoin (WLD), Canton (CC) and Telcoin (TEL).
| Name | Correlation |
|---|---|
| Conflux | 0.990 |
| Official Trump | 0.989 |
| Immutable X | 0.985 |
| Celestia | 0.984 |
| VeChain | 0.984 |
| Name | Correlation |
|---|---|
| DeXe | -0.508 |
| Beldex | -0.383 |
| Worldcoin | -0.193 |
| Canton | -0.190 |
| Telcoin | 0.094 |
Band Protocol price is positively correlated with the top 10 coins by market cap with a price of 0.958, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.840.
Currencies that are positively correlated with Band Protocol 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 Band Protocol, a move in one direction for Band Protocol would translate into a move in the opposite direction for the negatively correlated coin.
