Based on today's classical pivot point (P1) with the value of $0.003053, PALAPA has support levels of $0.002970, $0.002805, and the strongest at $0.002722. Similarly, PALAPA resistance levels are at $0.003218, $0.003301, and $0.003467.
| # | Price | Strength |
|---|---|---|
| S1 | $0.002970 | |
| S2 | $0.002805 | |
| S3 | $0.002722 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.003218 | |
| R2 | $0.003301 | |
| R3 | $0.003467 |
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) | 24.90 | BUY |
| Stoch RSI (14) | 78.14 | NEUTRAL |
| Stochastic Fast (14) | 24.01 | NEUTRAL |
| Commodity Channel Index (20) | -121.61 | BUY |
| Average Directional Index (14) | 36.44 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -75.99 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 41.65 | 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, PALAPA price was most positively correlated with the price of Pi Network (PI), TRON (TRX), Worldcoin (WLD), Optimism (OP) and Immutable X (IMX) and most negatively correlated with the price of Pyth Network (PYTH), Morpho (MORPHO), Stellar (XLM), Arbitrum (ARB) and Kaspa (KAS).
| Name | Correlation |
|---|---|
| Pi Network | 0.909 |
| TRON | 0.869 |
| Worldcoin | 0.858 |
| Optimism | 0.852 |
| Immutable X | 0.833 |
| Name | Correlation |
|---|---|
| Pyth Network | -0.885 |
| Morpho | -0.815 |
| Stellar | -0.805 |
| Arbitrum | -0.750 |
| Kaspa | -0.737 |
PALAPA price is negatively correlated with the top 10 coins by market cap with a price of -0.121, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.018.
Currencies that are positively correlated with PALAPA 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 PALAPA, a move in one direction for PALAPA would translate into a move in the opposite direction for the negatively correlated coin.
