Based on today's classical pivot point (P1) with the value of $0.04723, Pyth Network has support levels of $0.04628, $0.04482, and the strongest at $0.04387. Similarly, Pyth Network resistance levels are at $0.04870, $0.04964, and $0.05111.
| # | Price | Strength |
|---|---|---|
| S1 | $0.04628 | |
| S2 | $0.04482 | |
| S3 | $0.04387 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.04870 | |
| R2 | $0.04964 | |
| R3 | $0.05111 |
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) | 63.65 | NEUTRAL |
| Stoch RSI (14) | 99.71 | SELL |
| Stochastic Fast (14) | 82.69 | SELL |
| Commodity Channel Index (20) | 227.33 | SELL |
| Average Directional Index (14) | 23.58 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.00 | BUY |
| Momentum (10) | 0.01 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -17.31 | SELL |
| Bull Bear Power (13) | 0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 56.98 | NEUTRAL |
| VWMA (10) | 0.04 | BUY |
| Hull Moving Average (9) | 0.05 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.04 | NEUTRAL |
Over the past 7 days, Pyth Network price was most positively correlated with the price of Zcash (ZEC), Ethena (ENA), Immutable X (IMX), Hyperliquid (HYPE) and Cosmos (ATOM) and most negatively correlated with the price of World Liberty Financial (WLFI), Polygon Ecosystem Token (POL), Pi Network (PI), Midnight (NIGHT) and VeChain (VET).
| Name | Correlation |
|---|---|
| Zcash | 0.967 |
| Ethena | 0.956 |
| Immutable X | 0.955 |
| Hyperliquid | 0.943 |
| Cosmos | 0.940 |
| Name | Correlation |
|---|---|
| World Liberty Financial | -0.778 |
| Polygon Ecosystem Token | -0.695 |
| Pi Network | -0.554 |
| Midnight | -0.475 |
| VeChain | -0.443 |
Pyth Network price is positively correlated with the top 10 coins by market cap with a price of 0.469, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.558.
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.
