Based on today's classical pivot point (P1) with the value of $0.001259, Scallop has support levels of $0.001223, $0.001173, and the strongest at $0.001137. Similarly, Scallop resistance levels are at $0.001309, $0.001345, and $0.001395.
| # | Price | Strength |
|---|---|---|
| S1 | $0.001223 | |
| S2 | $0.001173 | |
| S3 | $0.001137 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.001309 | |
| R2 | $0.001345 | |
| R3 | $0.001395 |
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) | 40.32 | NEUTRAL |
| Stoch RSI (14) | 59.50 | NEUTRAL |
| Stochastic Fast (14) | 48.67 | NEUTRAL |
| Commodity Channel Index (20) | -33.27 | NEUTRAL |
| Average Directional Index (14) | 40.77 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -51.33 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 49.48 | 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, Scallop price was most positively correlated with the price of Bitget Token (BGB), Chiliz (CHZ), Immutable X (IMX), Nexo (NEXO) and Mantle (MNT) and most negatively correlated with the price of Aave (AAVE), Jito (JTO), Morpho (MORPHO), Beldex (BDX) and Jupiter (JUP).
| Name | Correlation |
|---|---|
| Bitget Token | 0.819 |
| Chiliz | 0.815 |
| Immutable X | 0.804 |
| Nexo | 0.787 |
| Mantle | 0.787 |
| Name | Correlation |
|---|---|
| Aave | -0.767 |
| Jito | -0.627 |
| Morpho | -0.546 |
| Beldex | -0.539 |
| Jupiter | -0.485 |
Scallop price is positively correlated with the top 10 coins by market cap with a price of 0.263, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.353.
Currencies that are positively correlated with Scallop 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 Scallop, a move in one direction for Scallop would translate into a move in the opposite direction for the negatively correlated coin.
