Based on today's classical pivot point (P1) with the value of $0.0₅4332, Nitro has support levels of $0.0₅3970, $0.0₅3351, and the strongest at $0.0₅2989. Similarly, Nitro resistance levels are at $0.0₅4950, $0.0₅5312, and $0.0₅5931.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₅3970 | |
| S2 | $0.0₅3351 | |
| S3 | $0.0₅2989 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅4950 | |
| R2 | $0.0₅5312 | |
| R3 | $0.0₅5931 |
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) | 88.48 | SELL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 90.48 | SELL |
| Commodity Channel Index (20) | 587.16 | SELL |
| Average Directional Index (14) | 33.14 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | BUY |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -9.52 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 85.12 | SELL |
| 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, Nitro price was most positively correlated with the price of LayerZero (ZRO), Stacks (STX), Pump.fun (PUMP), Aave (AAVE) and Zcash (ZEC) and most negatively correlated with the price of World Liberty Financial (WLFI), JUST (JST), APENFT (NFT), Jito (JTO) and Pi Network (PI).
| Name | Correlation |
|---|---|
| LayerZero | 0.781 |
| Stacks | 0.706 |
| Pump.fun | 0.696 |
| Aave | 0.658 |
| Zcash | 0.635 |
| Name | Correlation |
|---|---|
| World Liberty Financial | -0.566 |
| JUST | -0.368 |
| APENFT | -0.017 |
| Jito | -0.014 |
| Pi Network | 0.044 |
Nitro price is positively correlated with the top 10 coins by market cap with a price of 0.407, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.420.
Currencies that are positively correlated with Nitro 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 Nitro, a move in one direction for Nitro would translate into a move in the opposite direction for the negatively correlated coin.
