Based on today's classical pivot point (P1) with the value of $0.001561, ParaSwap has support levels of $0.001548, $0.001527, and the strongest at $0.001513. Similarly, ParaSwap resistance levels are at $0.001582, $0.001596, and $0.001617.
| # | Price | Strength |
|---|---|---|
| S1 | $0.001548 | |
| S2 | $0.001527 | |
| S3 | $0.001513 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.001582 | |
| R2 | $0.001596 | |
| R3 | $0.001617 |
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) | 49.31 | NEUTRAL |
| Stoch RSI (14) | 27.35 | NEUTRAL |
| Stochastic Fast (14) | 29.44 | NEUTRAL |
| Commodity Channel Index (20) | -72.77 | NEUTRAL |
| Average Directional Index (14) | 12.83 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | SELL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -70.56 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 44.39 | 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, ParaSwap price was most positively correlated with the price of Mantle (MNT), Solana (SOL), XRP (XRP), Immutable X (IMX) and Ethereum (ETH) and most negatively correlated with the price of Pudgy Penguins (PENGU), JUST (JST), Terra Classic (LUNC), Tezos (XTZ) and Dogecoin (DOGE).
| Name | Correlation |
|---|---|
| Mantle | 0.813 |
| Solana | 0.795 |
| XRP | 0.792 |
| Immutable X | 0.758 |
| Ethereum | 0.752 |
| Name | Correlation |
|---|---|
| Pudgy Penguins | -0.667 |
| JUST | -0.540 |
| Terra Classic | -0.334 |
| Tezos | -0.252 |
| Dogecoin | -0.241 |
ParaSwap price is positively correlated with the top 10 coins by market cap with a price of 0.340, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.354.
Currencies that are positively correlated with ParaSwap 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 ParaSwap, a move in one direction for ParaSwap would translate into a move in the opposite direction for the negatively correlated coin.
