Based on today's classical pivot point (P1) with the value of $0.0₁₃3389, Shiba 2.0 has support levels of $0.0₁₃3363, $0.0₁₃3350, and the strongest at $0.0₁₃3324. Similarly, Shiba 2.0 resistance levels are at $0.0₁₃3402, $0.0₁₃3429, and $0.0₁₃3442.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₁₃3363 | |
| S2 | $0.0₁₃3350 | |
| S3 | $0.0₁₃3324 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₁₃3402 | |
| R2 | $0.0₁₃3429 | |
| R3 | $0.0₁₃3442 |
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) | 30.06 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | -0.00 | BUY |
| Commodity Channel Index (20) | -127.55 | BUY |
| Average Directional Index (14) | 24.49 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -100.00 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 19.53 | BUY |
| 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, Shiba 2.0 price was most positively correlated with the price of Sun Token (SUN), Internet Computer (ICP), APENFT (NFT), Morpho (MORPHO) and Arbitrum (ARB) and most negatively correlated with the price of Flare (FLR), Telcoin (TEL), Quant (QNT), XDC Network (XDC) and Binance Coin (BNB).
| Name | Correlation |
|---|---|
| Sun Token | 0.872 |
| Internet Computer | 0.872 |
| APENFT | 0.862 |
| Morpho | 0.851 |
| Arbitrum | 0.843 |
| Name | Correlation |
|---|---|
| Flare | -0.866 |
| Telcoin | -0.812 |
| Quant | -0.734 |
| XDC Network | -0.720 |
| Binance Coin | -0.631 |
Shiba 2.0 price is positively correlated with the top 10 coins by market cap with a price of 0.643, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.439.
Currencies that are positively correlated with Shiba 2.0 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 Shiba 2.0, a move in one direction for Shiba 2.0 would translate into a move in the opposite direction for the negatively correlated coin.
