Based on today's classical pivot point (P1) with the value of $0.0005754, MegaTech has support levels of $0.0005649, $0.0005596, and the strongest at $0.0005492. Similarly, MegaTech resistance levels are at $0.0005806, $0.0005911, and $0.0005964.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0005649 | |
| S2 | $0.0005596 | |
| S3 | $0.0005492 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0005806 | |
| R2 | $0.0005911 | |
| R3 | $0.0005964 |
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) | 79.26 | SELL |
| Stoch RSI (14) | 82.29 | SELL |
| Stochastic Fast (14) | 82.36 | SELL |
| Commodity Channel Index (20) | 131.74 | SELL |
| Average Directional Index (14) | 43.37 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -17.64 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 64.12 | NEUTRAL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, MegaTech price was most positively correlated with the price of Bitcoin Cash (BCH), Immutable X (IMX), Tezos (XTZ), Binance Coin (BNB) and Ethereum (ETH) and most negatively correlated with the price of Venice Token (VVV), Jito (JTO), Pi Network (PI), Canton (CC) and Morpho (MORPHO).
| Name | Correlation |
|---|---|
| Bitcoin Cash | 0.965 |
| Immutable X | 0.926 |
| Tezos | 0.922 |
| Binance Coin | 0.909 |
| Ethereum | 0.903 |
| Name | Correlation |
|---|---|
| Venice Token | -0.678 |
| Jito | -0.519 |
| Pi Network | -0.498 |
| Canton | -0.468 |
| Morpho | -0.448 |
MegaTech price is positively correlated with the top 10 coins by market cap with a price of 0.690, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.536.
Currencies that are positively correlated with MegaTech 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 MegaTech, a move in one direction for MegaTech would translate into a move in the opposite direction for the negatively correlated coin.
