Based on today's classical pivot point (P1) with the value of $0.1246, Derive has support levels of $0.1183, $0.1057, and the strongest at $0.09939. Similarly, Derive resistance levels are at $0.1372, $0.1435, and $0.1562.
| # | Price | Strength |
|---|---|---|
| S1 | $0.1183 | |
| S2 | $0.1057 | |
| S3 | $0.09939 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.1372 | |
| R2 | $0.1435 | |
| R3 | $0.1562 |
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) | 66.48 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 100.00 | SELL |
| Commodity Channel Index (20) | 269.97 | SELL |
| Average Directional Index (14) | 34.68 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | BUY |
| Momentum (10) | 0.04 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | 0.00 | NEUTRAL |
| Bull Bear Power (13) | 0.03 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 56.69 | NEUTRAL |
| VWMA (10) | 0.11 | BUY |
| Hull Moving Average (9) | 0.12 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.11 | NEUTRAL |
Over the past 7 days, Derive price was most positively correlated with the price of Pudgy Penguins (PENGU), Immutable X (IMX), Bittensor (TAO), Ethena (ENA) and Pendle (PENDLE) and most negatively correlated with the price of JUST (JST), World Liberty Financial (WLFI), APENFT (NFT), Beldex (BDX) and LEO Token (LEO).
| Name | Correlation |
|---|---|
| Pudgy Penguins | 0.954 |
| Immutable X | 0.947 |
| Bittensor | 0.944 |
| Ethena | 0.939 |
| Pendle | 0.938 |
| Name | Correlation |
|---|---|
| JUST | -0.656 |
| World Liberty Financial | -0.193 |
| APENFT | -0.154 |
| Beldex | 0.090 |
| LEO Token | 0.292 |
Derive price is positively correlated with the top 10 coins by market cap with a price of 0.876, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.821.
Currencies that are positively correlated with Derive 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 Derive, a move in one direction for Derive would translate into a move in the opposite direction for the negatively correlated coin.
