Based on today's classical pivot point (P1) with the value of $6.08, Kwenta has support levels of $6.06, $6.04, and the strongest at $6.01. Similarly, Kwenta resistance levels are at $6.10, $6.12, and $6.14.
| # | Price | Strength |
|---|---|---|
| S1 | $6.06 | |
| S2 | $6.04 | |
| S3 | $6.01 |
| # | Price | Strength |
|---|---|---|
| R1 | $6.10 | |
| R2 | $6.12 | |
| R3 | $6.14 |
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) | 62.47 | NEUTRAL |
| Stoch RSI (14) | 60.45 | NEUTRAL |
| Stochastic Fast (14) | 79.44 | NEUTRAL |
| Commodity Channel Index (20) | 106.07 | SELL |
| Average Directional Index (14) | 19.94 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.79 | NEUTRAL |
| Momentum (10) | 0.48 | NEUTRAL |
| MACD (12, 26) | 0.05 | NEUTRAL |
| Williams Percent Range (14) | -20.56 | NEUTRAL |
| Bull Bear Power (13) | 0.44 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 65.72 | NEUTRAL |
| VWMA (10) | 6.04 | BUY |
| Hull Moving Average (9) | 6.29 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 5.57 | NEUTRAL |
Over the past 7 days, Kwenta price was most positively correlated with the price of Jasmy (JASMY), Chainlink (LINK), Aerodrome Finance (AERO), Immutable X (IMX) and Jupiter (JUP) and most negatively correlated with the price of World Liberty Financial (WLFI), Toncoin (TON), Dash (DASH), Sky (SKY) and LEO Token (LEO).
| Name | Correlation |
|---|---|
| Jasmy | 0.876 |
| Chainlink | 0.862 |
| Aerodrome Finance | 0.837 |
| Immutable X | 0.834 |
| Jupiter | 0.833 |
| Name | Correlation |
|---|---|
| World Liberty Financial | -0.652 |
| Toncoin | -0.538 |
| Dash | -0.420 |
| Sky | -0.341 |
| LEO Token | -0.214 |
Kwenta price is positively correlated with the top 10 coins by market cap with a price of 0.555, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.437.
Currencies that are positively correlated with Kwenta 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 Kwenta, a move in one direction for Kwenta would translate into a move in the opposite direction for the negatively correlated coin.
