Based on today's classical pivot point (P1) with the value of $0.0₁₂3078, COPPER has support levels of $0.0₁₂2967, $0.0₁₂2881, and the strongest at $0.0₁₂2770. Similarly, COPPER resistance levels are at $0.0₁₂3164, $0.0₁₂3275, and $0.0₁₂3361.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₁₂2967 | |
| S2 | $0.0₁₂2881 | |
| S3 | $0.0₁₂2770 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₁₂3164 | |
| R2 | $0.0₁₂3275 | |
| R3 | $0.0₁₂3361 |
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) | 57.04 | NEUTRAL |
| Stoch RSI (14) | 99.72 | SELL |
| Stochastic Fast (14) | 84.26 | SELL |
| Commodity Channel Index (20) | 112.87 | SELL |
| Average Directional Index (14) | 24.57 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -15.74 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 63.57 | NEUTRAL |
| 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, COPPER price was most positively correlated with the price of Bitcoin Cash (BCH), Bonk (BONK), Ethereum Name Service (ENS), Zcash (ZEC) and Ethena (ENA) and most negatively correlated with the price of JUST (JST), World Liberty Financial (WLFI), APENFT (NFT), Beldex (BDX) and LEO Token (LEO).
| Name | Correlation |
|---|---|
| Bitcoin Cash | 0.965 |
| Bonk | 0.958 |
| Ethereum Name Service | 0.955 |
| Zcash | 0.953 |
| Ethena | 0.951 |
| Name | Correlation |
|---|---|
| JUST | -0.602 |
| World Liberty Financial | -0.145 |
| APENFT | -0.087 |
| Beldex | 0.187 |
| LEO Token | 0.344 |
COPPER price is positively correlated with the top 10 coins by market cap with a price of 0.865, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.819.
Currencies that are positively correlated with COPPER 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 COPPER, a move in one direction for COPPER would translate into a move in the opposite direction for the negatively correlated coin.
