Based on today's classical pivot point (P1) with the value of $0.01055, Loopring has support levels of $0.01041, $0.01026, and the strongest at $0.01011. Similarly, Loopring resistance levels are at $0.01070, $0.01085, and $0.01099.
| # | Price | Strength |
|---|---|---|
| S1 | $0.01041 | |
| S2 | $0.01026 | |
| S3 | $0.01011 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.01070 | |
| R2 | $0.01085 | |
| R3 | $0.01099 |
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) | 40.83 | NEUTRAL |
| Stoch RSI (14) | 2.28 | BUY |
| Stochastic Fast (14) | 2.61 | BUY |
| Commodity Channel Index (20) | -84.93 | NEUTRAL |
| Average Directional Index (14) | 32.53 | BUY |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -97.39 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 25.35 | BUY |
| VWMA (10) | 0.01 | SELL |
| Hull Moving Average (9) | 0.01 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.02 | NEUTRAL |
Over the past 7 days, Loopring price was most positively correlated with the price of Algorand (ALGO), Polygon Ecosystem Token (POL), Tezos (XTZ), Immutable X (IMX) and Cosmos (ATOM) and most negatively correlated with the price of LEO Token (LEO), Uniswap (UNI), Curve DAO Token (CRV), Jupiter (JUP) and OKB (OKB).
| Name | Correlation |
|---|---|
| Algorand | 0.966 |
| Polygon Ecosystem Token | 0.944 |
| Tezos | 0.939 |
| Immutable X | 0.931 |
| Cosmos | 0.929 |
| Name | Correlation |
|---|---|
| LEO Token | -0.810 |
| Uniswap | -0.673 |
| Curve DAO Token | -0.628 |
| Jupiter | -0.610 |
| OKB | -0.609 |
Loopring price is positively correlated with the top 10 coins by market cap with a price of 0.432, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.507.
Currencies that are positively correlated with Loopring 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 Loopring, a move in one direction for Loopring would translate into a move in the opposite direction for the negatively correlated coin.
