Based on today's classical pivot point (P1) with the value of $0.0₆9791, Watermelon has support levels of $0.0₆9438, $0.0₆8962, and the strongest at $0.0₆8609. Similarly, Watermelon resistance levels are at $0.0₅1027, $0.0₅1062, and $0.0₅1110.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₆9438 | |
| S2 | $0.0₆8962 | |
| S3 | $0.0₆8609 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅1027 | |
| R2 | $0.0₅1062 | |
| R3 | $0.0₅1110 |
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) | 8.78 | BUY |
| Stoch RSI (14) | 0.26 | BUY |
| Stochastic Fast (14) | 11.05 | BUY |
| Commodity Channel Index (20) | -215.46 | BUY |
| Average Directional Index (14) | 69.16 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -88.95 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 16.64 | BUY |
| 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, Watermelon price was most positively correlated with the price of Sei (SEI), Pyth Network (PYTH), KuCoin Token (KCS), Lido DAO Token (LDO) and Cardano (ADA) and most negatively correlated with the price of Worldcoin (WLD), DeXe (DEXE), Beldex (BDX), Ethena (ENA) and Telcoin (TEL).
| Name | Correlation |
|---|---|
| Sei | 0.958 |
| Pyth Network | 0.954 |
| KuCoin Token | 0.953 |
| Lido DAO Token | 0.948 |
| Cardano | 0.944 |
| Name | Correlation |
|---|---|
| Worldcoin | -0.600 |
| DeXe | -0.477 |
| Beldex | -0.271 |
| Ethena | -0.152 |
| Telcoin | -0.083 |
Watermelon price is positively correlated with the top 10 coins by market cap with a price of 0.893, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.787.
Currencies that are positively correlated with Watermelon 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 Watermelon, a move in one direction for Watermelon would translate into a move in the opposite direction for the negatively correlated coin.
