Based on today's classical pivot point (P1) with the value of $0.00003716, Meme Index has support levels of $0.00002795, $0.00002109, and the strongest at $0.00001187. Similarly, Meme Index resistance levels are at $0.00004402, $0.00005324, and $0.00006010.
| # | Price | Strength |
|---|---|---|
| S1 | $0.00002795 | |
| S2 | $0.00002109 | |
| S3 | $0.00001187 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.00004402 | |
| R2 | $0.00005324 | |
| R3 | $0.00006010 |
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) | 28.29 | BUY |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 25.52 | NEUTRAL |
| Commodity Channel Index (20) | -401.53 | BUY |
| Average Directional Index (14) | 12.85 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | SELL |
| MACD (12, 26) | -0.00 | SELL |
| Williams Percent Range (14) | -74.48 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 36.02 | NEUTRAL |
| 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, Meme Index price was most positively correlated with the price of GateToken (GT), Hyperliquid (HYPE), Immutable X (IMX), Polygon Ecosystem Token (POL) and Polkadot (DOT) and most negatively correlated with the price of KAITO (KAITO), OKB (OKB), Curve DAO Token (CRV), LEO Token (LEO) and Morpho (MORPHO).
| Name | Correlation |
|---|---|
| GateToken | 0.891 |
| Hyperliquid | 0.855 |
| Immutable X | 0.854 |
| Polygon Ecosystem Token | 0.848 |
| Polkadot | 0.843 |
| Name | Correlation |
|---|---|
| KAITO | -0.509 |
| OKB | -0.506 |
| Curve DAO Token | -0.427 |
| LEO Token | -0.408 |
| Morpho | -0.360 |
Meme Index price is positively correlated with the top 10 coins by market cap with a price of 0.387, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.499.
Currencies that are positively correlated with Meme Index 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 Meme Index, a move in one direction for Meme Index would translate into a move in the opposite direction for the negatively correlated coin.
