Based on today's classical pivot point (P1) with the value of $0.00009821, The Root Network has support levels of $0.00001119, $-0.00003460, and the strongest at $-0.0001216. Similarly, The Root Network resistance levels are at $0.0001440, $0.0002310, and $0.0002768.
| # | Price | Strength |
|---|---|---|
| S1 | $0.00001119 | |
| S2 | $-0.00003460 | |
| S3 | $-0.0001216 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0001440 | |
| R2 | $0.0002310 | |
| R3 | $0.0002768 |
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) | 37.77 | NEUTRAL |
| Stoch RSI (14) | 13.03 | BUY |
| Stochastic Fast (14) | 6.14 | BUY |
| Commodity Channel Index (20) | -97.17 | NEUTRAL |
| Average Directional Index (14) | 34.05 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -93.86 | BUY |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 31.77 | 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, The Root Network price was most positively correlated with the price of LayerZero (ZRO), Stellar (XLM), Flare (FLR), XRP (XRP) and Immutable X (IMX) and most negatively correlated with the price of Pudgy Penguins (PENGU), Terra Classic (LUNC), Jupiter (JUP), Pi Network (PI) and Aerodrome Finance (AERO).
| Name | Correlation |
|---|---|
| LayerZero | 0.740 |
| Stellar | 0.731 |
| Flare | 0.717 |
| XRP | 0.690 |
| Immutable X | 0.687 |
| Name | Correlation |
|---|---|
| Pudgy Penguins | -0.769 |
| Terra Classic | -0.756 |
| Jupiter | -0.710 |
| Pi Network | -0.681 |
| Aerodrome Finance | -0.565 |
The Root Network price is positively correlated with the top 10 coins by market cap with a price of 0.087, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.232.
Currencies that are positively correlated with The Root Network 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 The Root Network, a move in one direction for The Root Network would translate into a move in the opposite direction for the negatively correlated coin.
