Based on today's classical pivot point (P1) with the value of $0.04700, The9bit has support levels of $0.04668, $0.04652, and the strongest at $0.04620. Similarly, The9bit resistance levels are at $0.04716, $0.04748, and $0.04764.
| # | Price | Strength |
|---|---|---|
| S1 | $0.04668 | |
| S2 | $0.04652 | |
| S3 | $0.04620 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.04716 | |
| R2 | $0.04748 | |
| R3 | $0.04764 |
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) | 53.48 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 46.49 | NEUTRAL |
| Commodity Channel Index (20) | -33.42 | NEUTRAL |
| Average Directional Index (14) | 22.27 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -53.51 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 43.42 | NEUTRAL |
| VWMA (10) | 0.05 | SELL |
| Hull Moving Average (9) | 0.05 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.04 | NEUTRAL |
Over the past 7 days, The9bit price was most positively correlated with the price of Tezos (XTZ), Immutable X (IMX), Midnight (NIGHT), LayerZero (ZRO) and Pi Network (PI) and most negatively correlated with the price of Aave (AAVE), Pepe Coin (PEPE), Uniswap (UNI), Sky (SKY) and Ethena (ENA).
| Name | Correlation |
|---|---|
| Tezos | 0.762 |
| Immutable X | 0.750 |
| Midnight | 0.724 |
| LayerZero | 0.703 |
| Pi Network | 0.604 |
| Name | Correlation |
|---|---|
| Aave | -0.899 |
| Pepe Coin | -0.891 |
| Uniswap | -0.885 |
| Sky | -0.867 |
| Ethena | -0.864 |
The9bit price is negatively correlated with the top 10 coins by market cap with a price of -0.141, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.160.
Currencies that are positively correlated with The9bit 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 The9bit, a move in one direction for The9bit would translate into a move in the opposite direction for the negatively correlated coin.
