Based on today's classical pivot point (P1) with the value of $1.70, MCDEX has support levels of $1.67, $1.66, and the strongest at $1.63. Similarly, MCDEX resistance levels are at $1.72, $1.75, and $1.76.
| # | Price | Strength |
|---|---|---|
| S1 | $1.67 | |
| S2 | $1.66 | |
| S3 | $1.63 |
| # | Price | Strength |
|---|---|---|
| R1 | $1.72 | |
| R2 | $1.75 | |
| R3 | $1.76 |
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) | 57.50 | NEUTRAL |
| Stoch RSI (14) | 65.95 | NEUTRAL |
| Stochastic Fast (14) | 26.67 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 40.63 | BUY |
| Awesome Oscillator (5, 34) | -0.09 | NEUTRAL |
| Momentum (10) | -0.13 | SELL |
| MACD (12, 26) | 0.01 | NEUTRAL |
| Williams Percent Range (14) | -73.33 | NEUTRAL |
| Bull Bear Power (13) | -0.05 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 53.70 | NEUTRAL |
| VWMA (10) | 1.80 | SELL |
| Hull Moving Average (9) | 1.79 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 1.86 | NEUTRAL |
Over the past 7 days, MCDEX price was most positively correlated with the price of Bitcoin SV (BSV), Sei (SEI), Filecoin (FIL), Cosmos (ATOM) and Immutable X (IMX) and most negatively correlated with the price of JUST (JST), Convex Finance (CVX), DeXe (DEXE), LayerZero (ZRO) and TRON (TRX).
| Name | Correlation |
|---|---|
| Bitcoin SV | 0.802 |
| Sei | 0.796 |
| Filecoin | 0.789 |
| Cosmos | 0.786 |
| Immutable X | 0.783 |
| Name | Correlation |
|---|---|
| JUST | -0.760 |
| Convex Finance | -0.718 |
| DeXe | -0.687 |
| LayerZero | -0.611 |
| TRON | -0.574 |
MCDEX price is positively correlated with the top 10 coins by market cap with a price of 0.630, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.443.
Currencies that are positively correlated with MCDEX 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 MCDEX, a move in one direction for MCDEX would translate into a move in the opposite direction for the negatively correlated coin.
