Based on today's classical pivot point (P1) with the value of $0.04566, Major has support levels of $0.04355, $0.03950, and the strongest at $0.03739. Similarly, Major resistance levels are at $0.04970, $0.05182, and $0.05586.
| # | Price | Strength |
|---|---|---|
| S1 | $0.04355 | |
| S2 | $0.03950 | |
| S3 | $0.03739 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.04970 | |
| R2 | $0.05182 | |
| R3 | $0.05586 |
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) | 64.02 | NEUTRAL |
| Stoch RSI (14) | 41.77 | NEUTRAL |
| Stochastic Fast (14) | 72.53 | NEUTRAL |
| Commodity Channel Index (20) | 78.10 | NEUTRAL |
| Average Directional Index (14) | 53.32 | BUY |
| Awesome Oscillator (5, 34) | 0.01 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -27.47 | NEUTRAL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 53.21 | NEUTRAL |
| VWMA (10) | 0.05 | BUY |
| Hull Moving Average (9) | 0.05 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.04 | NEUTRAL |
Over the past 7 days, Major price was most positively correlated with the price of JUST (JST), Sun Token (SUN), Jito (JTO), Immutable X (IMX) and Decred (DCR) and most negatively correlated with the price of Beldex (BDX), Venice Token (VVV), Polygon Ecosystem Token (POL), Gnosis (GNO) and Sky (SKY).
| Name | Correlation |
|---|---|
| JUST | 0.547 |
| Sun Token | 0.495 |
| Jito | 0.482 |
| Immutable X | 0.333 |
| Decred | 0.326 |
| Name | Correlation |
|---|---|
| Beldex | -0.661 |
| Venice Token | -0.485 |
| Polygon Ecosystem Token | -0.452 |
| Gnosis | -0.378 |
| Sky | -0.340 |
Major price is negatively correlated with the top 10 coins by market cap with a price of -0.126, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.101.
Currencies that are positively correlated with Major 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 Major, a move in one direction for Major would translate into a move in the opposite direction for the negatively correlated coin.
