Based on today's classical pivot point (P1) with the value of $0.0₆1251, MATRIX has support levels of $0.0₆1233, $0.0₆1224, and the strongest at $0.0₆1206. Similarly, MATRIX resistance levels are at $0.0₆1260, $0.0₆1278, and $0.0₆1287.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₆1233 | |
| S2 | $0.0₆1224 | |
| S3 | $0.0₆1206 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₆1260 | |
| R2 | $0.0₆1278 | |
| R3 | $0.0₆1287 |
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) | 24.48 | BUY |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 0.29 | BUY |
| Commodity Channel Index (20) | -99.20 | NEUTRAL |
| Average Directional Index (14) | 41.30 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -99.71 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 6.33 | BUY |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, MATRIX price was most positively correlated with the price of Bitget Token (BGB), Decred (DCR), Flare (FLR), Stellar (XLM) and Chiliz (CHZ) and most negatively correlated with the price of Morpho (MORPHO), Zcash (ZEC), Canton (CC), SPX6900 (SPX) and Filecoin (FIL).
| Name | Correlation |
|---|---|
| Bitget Token | 0.680 |
| Decred | 0.622 |
| Flare | 0.557 |
| Stellar | 0.518 |
| Chiliz | 0.516 |
| Name | Correlation |
|---|---|
| Morpho | -0.840 |
| Zcash | -0.782 |
| Canton | -0.706 |
| SPX6900 | -0.695 |
| Filecoin | -0.683 |
MATRIX price is negatively correlated with the top 10 coins by market cap with a price of -0.110, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.159.
Currencies that are positively correlated with MATRIX 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 MATRIX, a move in one direction for MATRIX would translate into a move in the opposite direction for the negatively correlated coin.
