Based on today's classical pivot point (P1) with the value of $0.00006510, Layer2DAO has support levels of $0.00006465, $0.00006427, and the strongest at $0.00006382. Similarly, Layer2DAO resistance levels are at $0.00006549, $0.00006593, and $0.00006632.
| # | Price | Strength |
|---|---|---|
| S1 | $0.00006465 | |
| S2 | $0.00006427 | |
| S3 | $0.00006382 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.00006549 | |
| R2 | $0.00006593 | |
| R3 | $0.00006632 |
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) | 48.44 | NEUTRAL |
| Stoch RSI (14) | 72.43 | NEUTRAL |
| Stochastic Fast (14) | 53.40 | NEUTRAL |
| Commodity Channel Index (20) | -31.74 | NEUTRAL |
| Average Directional Index (14) | 31.49 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -46.60 | NEUTRAL |
| Bull Bear Power (13) | 0.00 | BUY |
| Ultimate Oscillator (7, 14, 28) | 44.98 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | BUY |
Over the past 7 days, Layer2DAO price was most positively correlated with the price of Arbitrum (ARB), Celestia (TIA), Immutable X (IMX), Ondo Finance (ONDO) and Worldcoin (WLD) and most negatively correlated with the price of Dash (DASH), Pi Network (PI), Toncoin (TON), Bitcoin Cash (BCH) and Sky (SKY).
| Name | Correlation |
|---|---|
| Arbitrum | 0.881 |
| Celestia | 0.879 |
| Immutable X | 0.872 |
| Ondo Finance | 0.848 |
| Worldcoin | 0.826 |
| Name | Correlation |
|---|---|
| Dash | -0.701 |
| Pi Network | -0.687 |
| Toncoin | -0.567 |
| Bitcoin Cash | -0.494 |
| Sky | -0.391 |
Layer2DAO price is positively correlated with the top 10 coins by market cap with a price of 0.528, 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 Layer2DAO 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 Layer2DAO, a move in one direction for Layer2DAO would translate into a move in the opposite direction for the negatively correlated coin.
