Based on today's classical pivot point (P1) with the value of $0.004851, Sophon has support levels of $0.004716, $0.004598, and the strongest at $0.004463. Similarly, Sophon resistance levels are at $0.004968, $0.005104, and $0.005221.
| # | Price | Strength |
|---|---|---|
| S1 | $0.004716 | |
| S2 | $0.004598 | |
| S3 | $0.004463 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.004968 | |
| R2 | $0.005104 | |
| R3 | $0.005221 |
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) | 29.18 | BUY |
| Stoch RSI (14) | 32.84 | NEUTRAL |
| Stochastic Fast (14) | 23.47 | NEUTRAL |
| Commodity Channel Index (20) | -119.68 | BUY |
| Average Directional Index (14) | 27.25 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -76.53 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 38.05 | NEUTRAL |
| VWMA (10) | 0.01 | SELL |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.01 | NEUTRAL |
Over the past 7 days, Sophon price was most positively correlated with the price of Bitget Token (BGB), Sun Token (SUN), Pepe Coin (PEPE), Immutable X (IMX) and Mantle (MNT) and most negatively correlated with the price of Aave (AAVE), Jito (JTO), Morpho (MORPHO), Beldex (BDX) and Solana (SOL).
| Name | Correlation |
|---|---|
| Bitget Token | 0.922 |
| Sun Token | 0.919 |
| Pepe Coin | 0.912 |
| Immutable X | 0.909 |
| Mantle | 0.907 |
| Name | Correlation |
|---|---|
| Aave | -0.784 |
| Jito | -0.686 |
| Morpho | -0.565 |
| Beldex | -0.499 |
| Solana | -0.470 |
Sophon price is positively correlated with the top 10 coins by market cap with a price of 0.358, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.423.
Currencies that are positively correlated with Sophon 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 Sophon, a move in one direction for Sophon would translate into a move in the opposite direction for the negatively correlated coin.
