Based on today's classical pivot point (P1) with the value of $0.05043, Mey Network has support levels of $0.04772, $0.04518, and the strongest at $0.04247. Similarly, Mey Network resistance levels are at $0.05297, $0.05569, and $0.05823.
| # | Price | Strength |
|---|---|---|
| S1 | $0.04772 | |
| S2 | $0.04518 | |
| S3 | $0.04247 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.05297 | |
| R2 | $0.05569 | |
| R3 | $0.05823 |
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) | 71.40 | SELL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 61.45 | NEUTRAL |
| Commodity Channel Index (20) | 489.19 | SELL |
| Average Directional Index (14) | 19.36 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.00 | BUY |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -38.55 | NEUTRAL |
| Bull Bear Power (13) | 0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 57.09 | NEUTRAL |
| VWMA (10) | 0.05 | BUY |
| Hull Moving Average (9) | 0.05 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.05 | NEUTRAL |
Over the past 7 days, Mey Network price was most positively correlated with the price of Hedera Hashgraph (HBAR), Aave (AAVE), Ethena (ENA), Uniswap (UNI) and Monero (XMR) and most negatively correlated with the price of Zcash (ZEC), Polygon Ecosystem Token (POL), Cosmos (ATOM), Canton (CC) and Aerodrome Finance (AERO).
| Name | Correlation |
|---|---|
| Hedera Hashgraph | 0.920 |
| Aave | 0.888 |
| Ethena | 0.888 |
| Uniswap | 0.853 |
| Monero | 0.813 |
| Name | Correlation |
|---|---|
| Zcash | -0.827 |
| Polygon Ecosystem Token | -0.733 |
| Cosmos | -0.679 |
| Canton | -0.669 |
| Aerodrome Finance | -0.644 |
Mey Network price is positively correlated with the top 10 coins by market cap with a price of 0.178, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.176.
Currencies that are positively correlated with Mey Network 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 Mey Network, a move in one direction for Mey Network would translate into a move in the opposite direction for the negatively correlated coin.
