Based on today's classical pivot point (P1) with the value of $0.06623, Pyth Network has support levels of $0.06256, $0.06036, and the strongest at $0.05670. Similarly, Pyth Network resistance levels are at $0.06842, $0.07209, and $0.07429.
| # | Price | Strength |
|---|---|---|
| S1 | $0.06256 | |
| S2 | $0.06036 | |
| S3 | $0.05670 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.06842 | |
| R2 | $0.07209 | |
| R3 | $0.07429 |
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) | 72.28 | SELL |
| Stoch RSI (14) | 77.25 | NEUTRAL |
| Stochastic Fast (14) | 77.92 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 20.52 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.01 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -22.08 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 48.05 | NEUTRAL |
| VWMA (10) | 0.07 | BUY |
| Hull Moving Average (9) | 0.07 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.06 | NEUTRAL |
Over the past 7 days, Pyth Network price was most positively correlated with the price of Algorand (ALGO), Uniswap (UNI), Worldcoin (WLD), VeChain (VET) and Immutable X (IMX) and most negatively correlated with the price of JUST (JST), UNUS SED LEO (LEO), Decred (DCR), TRON (TRX) and Bitcoin Cash (BCH).
| Name | Correlation |
|---|---|
| Algorand | 0.972 |
| Uniswap | 0.948 |
| Worldcoin | 0.945 |
| VeChain | 0.939 |
| Immutable X | 0.928 |
| Name | Correlation |
|---|---|
| JUST | -0.157 |
| UNUS SED LEO | -0.152 |
| Decred | 0.020 |
| TRON | 0.020 |
| Bitcoin Cash | 0.049 |
Pyth Network price is positively correlated with the top 10 coins by market cap with a price of 0.703, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.605.
Currencies that are positively correlated with Pyth 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 Pyth Network, a move in one direction for Pyth Network would translate into a move in the opposite direction for the negatively correlated coin.
