Based on today's classical pivot point (P1) with the value of $0.4860, Steem Dollars has support levels of $0.4840, $0.4801, and the strongest at $0.4781. Similarly, Steem Dollars resistance levels are at $0.4898, $0.4918, and $0.4957.
| # | Price | Strength |
|---|---|---|
| S1 | $0.4840 | |
| S2 | $0.4801 | |
| S3 | $0.4781 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.4898 | |
| R2 | $0.4918 | |
| R3 | $0.4957 |
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) | 46.57 | NEUTRAL |
| Stoch RSI (14) | 3.28 | BUY |
| Stochastic Fast (14) | 14.87 | BUY |
| Commodity Channel Index (20) | -118.06 | BUY |
| Average Directional Index (14) | 28.21 | SELL |
| Awesome Oscillator (5, 34) | -0.01 | NEUTRAL |
| Momentum (10) | -0.02 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -85.13 | BUY |
| Bull Bear Power (13) | -0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 45.91 | NEUTRAL |
| VWMA (10) | 0.49 | SELL |
| Hull Moving Average (9) | 0.48 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.49 | SELL |
Over the past 7 days, Steem Dollars price was most positively correlated with the price of Mantle (MNT), Immutable X (IMX), Solana (SOL), XRP (XRP) and Stellar (XLM) and most negatively correlated with the price of Pudgy Penguins (PENGU), Terra Classic (LUNC), JUST (JST), Morpho (MORPHO) and Dogecoin (DOGE).
| Name | Correlation |
|---|---|
| Mantle | 0.918 |
| Immutable X | 0.889 |
| Solana | 0.861 |
| XRP | 0.841 |
| Stellar | 0.838 |
| Name | Correlation |
|---|---|
| Pudgy Penguins | -0.848 |
| Terra Classic | -0.791 |
| JUST | -0.707 |
| Morpho | -0.578 |
| Dogecoin | -0.486 |
Steem Dollars price is positively correlated with the top 10 coins by market cap with a price of 0.411, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.374.
Currencies that are positively correlated with Steem Dollars 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 Steem Dollars, a move in one direction for Steem Dollars would translate into a move in the opposite direction for the negatively correlated coin.
