Based on today's classical pivot point (P1) with the value of $0.0008369, Velas has support levels of $-0.0003252, $-0.0009071, and the strongest at $-0.002069. Similarly, Velas resistance levels are at $0.001419, $0.002581, and $0.003163.
| # | Price | Strength |
|---|---|---|
| S1 | $-0.0003252 | |
| S2 | $-0.0009071 | |
| S3 | $-0.002069 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.001419 | |
| R2 | $0.002581 | |
| R3 | $0.003163 |
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) | 62.43 | NEUTRAL |
| Stoch RSI (14) | 80.57 | SELL |
| Stochastic Fast (14) | 99.95 | SELL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 68.96 | BUY |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -0.05 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 46.49 | NEUTRAL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Velas price was most positively correlated with the price of Pi Network (PI), LEO Token (LEO), Sun Token (SUN), Immutable X (IMX) and Kaia (KAIA) and most negatively correlated with the price of Sky (SKY), Pump.fun (PUMP), Morpho (MORPHO), Chiliz (CHZ) and APENFT (NFT).
| Name | Correlation |
|---|---|
| Pi Network | 0.283 |
| LEO Token | 0.170 |
| Sun Token | 0.143 |
| Immutable X | 0.141 |
| Kaia | 0.084 |
| Name | Correlation |
|---|---|
| Sky | -0.353 |
| Pump.fun | -0.286 |
| Morpho | -0.282 |
| Chiliz | -0.265 |
| APENFT | -0.261 |
Velas price is negatively correlated with the top 10 coins by market cap with a price of -0.075, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.076.
Currencies that are positively correlated with Velas 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 Velas, a move in one direction for Velas would translate into a move in the opposite direction for the negatively correlated coin.
