Based on today's classical pivot point (P1) with the value of $0.0₅2417, Stable Coin has support levels of $0.0₅2340, $0.0₅2261, and the strongest at $0.0₅2184. Similarly, Stable Coin resistance levels are at $0.0₅2495, $0.0₅2572, and $0.0₅2651.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₅2340 | |
| S2 | $0.0₅2261 | |
| S3 | $0.0₅2184 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅2495 | |
| R2 | $0.0₅2572 | |
| R3 | $0.0₅2651 |
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) | 70.03 | SELL |
| Stoch RSI (14) | 62.93 | NEUTRAL |
| Stochastic Fast (14) | 47.16 | NEUTRAL |
| Commodity Channel Index (20) | 202.86 | SELL |
| Average Directional Index (14) | 76.92 | BUY |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -52.84 | NEUTRAL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 53.49 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Stable Coin price was most positively correlated with the price of DeXe (DEXE), TRON (TRX), Floki Inu (FLOKI), Algorand (ALGO) and Sun Token (SUN) and most negatively correlated with the price of Beldex (BDX), Ethereum (ETH), Dogecoin (DOGE), Pi Network (PI) and KuCoin Token (KCS).
| Name | Correlation |
|---|---|
| DeXe | 0.704 |
| TRON | 0.697 |
| Floki Inu | 0.684 |
| Algorand | 0.682 |
| Sun Token | 0.677 |
| Name | Correlation |
|---|---|
| Beldex | -0.746 |
| Ethereum | -0.616 |
| Dogecoin | -0.539 |
| Pi Network | -0.491 |
| KuCoin Token | -0.482 |
Stable Coin price is positively correlated with the top 10 coins by market cap with a price of 0.385, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.367.
Currencies that are positively correlated with Stable Coin 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 Stable Coin, a move in one direction for Stable Coin would translate into a move in the opposite direction for the negatively correlated coin.
