Based on today's classical pivot point (P1) with the value of $0.02251, The9bit has support levels of $0.02217, $0.02192, and the strongest at $0.02159. Similarly, The9bit resistance levels are at $0.02275, $0.02309, and $0.02334.
| # | Price | Strength |
|---|---|---|
| S1 | $0.02217 | |
| S2 | $0.02192 | |
| S3 | $0.02159 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.02275 | |
| R2 | $0.02309 | |
| R3 | $0.02334 |
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) | 31.17 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 3.25 | BUY |
| Commodity Channel Index (20) | -163.53 | BUY |
| Average Directional Index (14) | 26.71 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -96.75 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 18.62 | BUY |
| VWMA (10) | 0.02 | SELL |
| Hull Moving Average (9) | 0.02 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.02 | NEUTRAL |
Over the past 7 days, The9bit price was most positively correlated with the price of Ethena (ENA), Celestia (TIA), APENFT (NFT), DeXe (DEXE) and Flare (FLR) and most negatively correlated with the price of Immutable X (IMX), Chiliz (CHZ), Pudgy Penguins (PENGU), Sky (SKY) and Hedera Hashgraph (HBAR).
| Name | Correlation |
|---|---|
| Ethena | 0.877 |
| Celestia | 0.806 |
| APENFT | 0.806 |
| DeXe | 0.754 |
| Flare | 0.663 |
| Name | Correlation |
|---|---|
| Immutable X | -0.951 |
| Chiliz | -0.937 |
| Pudgy Penguins | -0.932 |
| Sky | -0.920 |
| Hedera Hashgraph | -0.904 |
The9bit price is negatively correlated with the top 10 coins by market cap with a price of -0.531, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.328.
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.
