Based on today's classical pivot point (P1) with the value of $0.04991, The9bit has support levels of $0.04968, $0.04938, and the strongest at $0.04915. Similarly, The9bit resistance levels are at $0.05020, $0.05043, and $0.05073.
| # | Price | Strength |
|---|---|---|
| S1 | $0.04968 | |
| S2 | $0.04938 | |
| S3 | $0.04915 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.05020 | |
| R2 | $0.05043 | |
| R3 | $0.05073 |
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) | 69.31 | NEUTRAL |
| Stoch RSI (14) | 88.76 | SELL |
| Stochastic Fast (14) | 88.11 | SELL |
| Commodity Channel Index (20) | 95.08 | NEUTRAL |
| Average Directional Index (14) | 16.71 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -11.89 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 54.77 | NEUTRAL |
| VWMA (10) | 0.05 | BUY |
| Hull Moving Average (9) | 0.05 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.05 | NEUTRAL |
Over the past 7 days, The9bit price was most positively correlated with the price of JUST (JST), Immutable X (IMX), Midnight (NIGHT), Sun Token (SUN) and Pepe Coin (PEPE) and most negatively correlated with the price of Pendle (PENDLE), Uniswap (UNI), DeXe (DEXE), Morpho (MORPHO) and Sky (SKY).
| Name | Correlation |
|---|---|
| JUST | 0.623 |
| Immutable X | 0.584 |
| Midnight | 0.523 |
| Sun Token | 0.508 |
| Pepe Coin | 0.479 |
| Name | Correlation |
|---|---|
| Pendle | -0.569 |
| Uniswap | -0.462 |
| DeXe | -0.377 |
| Morpho | -0.360 |
| Sky | -0.324 |
The9bit price is positively correlated with the top 10 coins by market cap with a price of 0.194, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.073.
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.
