Based on today's classical pivot point (P1) with the value of $0.0004008, OVO has support levels of $0.0004001, $0.0003987, and the strongest at $0.0003980. Similarly, OVO resistance levels are at $0.0004022, $0.0004029, and $0.0004043.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0004001 | |
| S2 | $0.0003987 | |
| S3 | $0.0003980 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0004022 | |
| R2 | $0.0004029 | |
| R3 | $0.0004043 |
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) | 53.68 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 66.59 | NEUTRAL |
| Commodity Channel Index (20) | 87.82 | NEUTRAL |
| Average Directional Index (14) | 58.57 | BUY |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -33.41 | NEUTRAL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 36.89 | 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, OVO price was most positively correlated with the price of Ethena (ENA), Immutable X (IMX), OriginTrail (TRAC), Stacks (STX) and Pump.fun (PUMP) and most negatively correlated with the price of World Liberty Financial (WLFI), JUST (JST), Beldex (BDX), APENFT (NFT) and Monero (XMR).
| Name | Correlation |
|---|---|
| Ethena | 0.609 |
| Immutable X | 0.609 |
| OriginTrail | 0.609 |
| Stacks | 0.608 |
| Pump.fun | 0.603 |
| Name | Correlation |
|---|---|
| World Liberty Financial | -0.268 |
| JUST | -0.212 |
| Beldex | 0.025 |
| APENFT | 0.138 |
| Monero | 0.234 |
OVO price is positively correlated with the top 10 coins by market cap with a price of 0.491, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.478.
Currencies that are positively correlated with OVO 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 OVO, a move in one direction for OVO would translate into a move in the opposite direction for the negatively correlated coin.
