Based on today's classical pivot point (P1) with the value of $0.3889, THORChain has support levels of $0.3812, $0.3751, and the strongest at $0.3674. Similarly, THORChain resistance levels are at $0.3949, $0.4026, and $0.4086.
| # | Price | Strength |
|---|---|---|
| S1 | $0.3812 | |
| S2 | $0.3751 | |
| S3 | $0.3674 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.3949 | |
| R2 | $0.4026 | |
| R3 | $0.4086 |
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) | 44.47 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 8.29 | BUY |
| Commodity Channel Index (20) | -80.33 | NEUTRAL |
| Average Directional Index (14) | 20.19 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | -0.03 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -91.71 | BUY |
| Bull Bear Power (13) | -0.02 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 42.94 | NEUTRAL |
| VWMA (10) | 0.40 | SELL |
| Hull Moving Average (9) | 0.40 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.37 | NEUTRAL |
Over the past 7 days, THORChain price was most positively correlated with the price of BitTorrent (BTT), XDC Network (XDC), Immutable X (IMX), Aptos (APT) and Nexo (NEXO) and most negatively correlated with the price of Aave (AAVE), Jito (JTO), Beldex (BDX), JUST (JST) and Bitcoin SV (BSV).
| Name | Correlation |
|---|---|
| BitTorrent | 0.903 |
| XDC Network | 0.893 |
| Immutable X | 0.891 |
| Aptos | 0.885 |
| Nexo | 0.885 |
| Name | Correlation |
|---|---|
| Aave | -0.734 |
| Jito | -0.710 |
| Beldex | -0.577 |
| JUST | -0.539 |
| Bitcoin SV | -0.444 |
THORChain price is positively correlated with the top 10 coins by market cap with a price of 0.394, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.491.
Currencies that are positively correlated with THORChain 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 THORChain, a move in one direction for THORChain would translate into a move in the opposite direction for the negatively correlated coin.
