Based on today's classical pivot point (P1) with the value of $0.00006023, Meme Index has support levels of $0.00005719, $0.00005559, and the strongest at $0.00005255. Similarly, Meme Index resistance levels are at $0.00006183, $0.00006488, and $0.00006648.
| # | Price | Strength |
|---|---|---|
| S1 | $0.00005719 | |
| S2 | $0.00005559 | |
| S3 | $0.00005255 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.00006183 | |
| R2 | $0.00006488 | |
| R3 | $0.00006648 |
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) | 58.35 | NEUTRAL |
| Stoch RSI (14) | 55.96 | NEUTRAL |
| Stochastic Fast (14) | 65.93 | NEUTRAL |
| Commodity Channel Index (20) | 173.66 | SELL |
| Average Directional Index (14) | 26.77 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -34.07 | NEUTRAL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 56.65 | NEUTRAL |
| VWMA (10) | 0.00 | BUY |
| 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 Injective (INJ), Telcoin (TEL), Binance Coin (BNB), Cosmos (ATOM) and JUST (JST) and most negatively correlated with the price of Pudgy Penguins (PENGU), Bitcoin Cash (BCH), Virtuals Protocol (VIRTUAL), Monad (MON) and Gnosis (GNO).
| Name | Correlation |
|---|---|
| Injective | 0.823 |
| Telcoin | 0.815 |
| Binance Coin | 0.811 |
| Cosmos | 0.758 |
| JUST | 0.737 |
| Name | Correlation |
|---|---|
| Pudgy Penguins | -0.749 |
| Bitcoin Cash | -0.747 |
| Virtuals Protocol | -0.723 |
| Monad | -0.709 |
| Gnosis | -0.678 |
Meme Index price is negatively correlated with the top 10 coins by market cap with a price of -0.142, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.106.
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.
