Based on today's classical pivot point (P1) with the value of $0.02537, Forest Protocol has support levels of $0.02437, $0.02270, and the strongest at $0.02169. Similarly, Forest Protocol resistance levels are at $0.02704, $0.02805, and $0.02972.
| # | Price | Strength |
|---|---|---|
| S1 | $0.02437 | |
| S2 | $0.02270 | |
| S3 | $0.02169 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.02704 | |
| R2 | $0.02805 | |
| R3 | $0.02972 |
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) | 62.10 | NEUTRAL |
| Stoch RSI (14) | 80.42 | SELL |
| Stochastic Fast (14) | 72.60 | NEUTRAL |
| Commodity Channel Index (20) | 197.32 | SELL |
| Average Directional Index (14) | 27.76 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.01 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -27.40 | NEUTRAL |
| Bull Bear Power (13) | 0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 54.61 | NEUTRAL |
| VWMA (10) | 0.02 | BUY |
| Hull Moving Average (9) | 0.03 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.02 | NEUTRAL |
Over the past 7 days, Forest Protocol price was most positively correlated with the price of Jasmy (JASMY), Bitcoin Cash (BCH), Immutable X (IMX), Artificial Superintelligence Alliance (FET) and Plasma (XPL) and most negatively correlated with the price of JUST (JST), APENFT (NFT), World Liberty Financial (WLFI), Beldex (BDX) and LEO Token (LEO).
| Name | Correlation |
|---|---|
| Jasmy | 0.940 |
| Bitcoin Cash | 0.925 |
| Immutable X | 0.920 |
| Artificial Superintelligence Alliance | 0.907 |
| Plasma | 0.903 |
| Name | Correlation |
|---|---|
| JUST | -0.421 |
| APENFT | -0.132 |
| World Liberty Financial | -0.085 |
| Beldex | 0.079 |
| LEO Token | 0.273 |
Forest Protocol price is positively correlated with the top 10 coins by market cap with a price of 0.834, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.775.
Currencies that are positively correlated with Forest 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 Forest Protocol, a move in one direction for Forest Protocol would translate into a move in the opposite direction for the negatively correlated coin.
