Based on today's classical pivot point (P1) with the value of $0.0₆3819, Hermes Desktop has support levels of $0.0₆3717, $0.0₆3519, and the strongest at $0.0₆3418. Similarly, Hermes Desktop resistance levels are at $0.0₆4016, $0.0₆4118, and $0.0₆4316.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₆3717 | |
| S2 | $0.0₆3519 | |
| S3 | $0.0₆3418 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₆4016 | |
| R2 | $0.0₆4118 | |
| R3 | $0.0₆4316 |
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) | 54.49 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 99.51 | SELL |
| Commodity Channel Index (20) | 350.32 | SELL |
| Average Directional Index (14) | 49.38 | BUY |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -0.49 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 71.42 | SELL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Hermes Desktop price was most positively correlated with the price of Ethereum (ETH), Arbitrum (ARB), Bitcoin (BTC), SPX6900 (SPX) and Flare (FLR) and most negatively correlated with the price of JUST (JST), APENFT (NFT), Sun Token (SUN), LEO Token (LEO) and Beldex (BDX).
| Name | Correlation |
|---|---|
| Ethereum | 0.985 |
| Arbitrum | 0.984 |
| Bitcoin | 0.984 |
| SPX6900 | 0.983 |
| Flare | 0.983 |
| Name | Correlation |
|---|---|
| JUST | -0.533 |
| APENFT | -0.449 |
| Sun Token | -0.095 |
| LEO Token | 0.042 |
| Beldex | 0.343 |
Hermes Desktop price is positively correlated with the top 10 coins by market cap with a price of 0.939, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.863.
Currencies that are positively correlated with Hermes Desktop 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 Hermes Desktop, a move in one direction for Hermes Desktop would translate into a move in the opposite direction for the negatively correlated coin.
