Based on today's classical pivot point (P1) with the value of $0.00006548, TRAX has support levels of $0.00006332, $0.00006224, and the strongest at $0.00006008. Similarly, TRAX resistance levels are at $0.00006656, $0.00006872, and $0.00006980.
| # | Price | Strength |
|---|---|---|
| S1 | $0.00006332 | |
| S2 | $0.00006224 | |
| S3 | $0.00006008 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.00006656 | |
| R2 | $0.00006872 | |
| R3 | $0.00006980 |
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) | 30.55 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 0.00 | BUY |
| Commodity Channel Index (20) | -74.57 | NEUTRAL |
| Average Directional Index (14) | 33.97 | SELL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | -0.00 | SELL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -100.00 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 30.15 | 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, TRAX price was most positively correlated with the price of Polkadot (DOT), Immutable X (IMX), NEAR Protocol (NEAR), Monero (XMR) and Cosmos (ATOM) and most negatively correlated with the price of Monad (MON), Beldex (BDX), Bittensor (TAO), Stellar (XLM) and Artificial Superintelligence Alliance (FET).
| Name | Correlation |
|---|---|
| Polkadot | 0.774 |
| Immutable X | 0.769 |
| NEAR Protocol | 0.750 |
| Monero | 0.707 |
| Cosmos | 0.701 |
| Name | Correlation |
|---|---|
| Monad | -0.853 |
| Beldex | -0.839 |
| Bittensor | -0.817 |
| Stellar | -0.763 |
| Artificial Superintelligence Alliance | -0.709 |
TRAX price is positively correlated with the top 10 coins by market cap with a price of 0.082, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.065.
Currencies that are positively correlated with TRAX 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 TRAX, a move in one direction for TRAX would translate into a move in the opposite direction for the negatively correlated coin.
