Based on today's classical pivot point (P1) with the value of $0.0₇6351, melo has support levels of $0.0₇6326, $0.0₇6288, and the strongest at $0.0₇6263. Similarly, melo resistance levels are at $0.0₇6388, $0.0₇6413, and $0.0₇6450.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₇6326 | |
| S2 | $0.0₇6288 | |
| S3 | $0.0₇6263 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₇6388 | |
| R2 | $0.0₇6413 | |
| R3 | $0.0₇6450 |
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) | 47.35 | NEUTRAL |
| Stoch RSI (14) | 9.88 | BUY |
| Stochastic Fast (14) | 13.29 | BUY |
| Commodity Channel Index (20) | -50.85 | NEUTRAL |
| Average Directional Index (14) | 30.06 | BUY |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -86.71 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 27.31 | BUY |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, melo price was most positively correlated with the price of DeXe (DEXE), Stellar (XLM), OKB (OKB), Render Token (RENDER) and Artificial Superintelligence Alliance (FET) and most negatively correlated with the price of Nexo (NEXO), Conflux (CFX), Uniswap (UNI), Telcoin (TEL) and Bitcoin Cash (BCH).
| Name | Correlation |
|---|---|
| DeXe | 0.542 |
| Stellar | 0.411 |
| OKB | 0.367 |
| Render Token | 0.313 |
| Artificial Superintelligence Alliance | 0.304 |
| Name | Correlation |
|---|---|
| Nexo | -0.349 |
| Conflux | -0.314 |
| Uniswap | -0.308 |
| Telcoin | -0.304 |
| Bitcoin Cash | -0.248 |
melo price is negatively correlated with the top 10 coins by market cap with a price of -0.028, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.022.
Currencies that are positively correlated with melo 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 melo, a move in one direction for melo would translate into a move in the opposite direction for the negatively correlated coin.
