Based on today's classical pivot point (P1) with the value of $0.0₆6408, WECOIN has support levels of $0.0₆5798, $0.0₆5484, and the strongest at $0.0₆4875. Similarly, WECOIN resistance levels are at $0.0₆6722, $0.0₆7332, and $0.0₆7646.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₆5798 | |
| S2 | $0.0₆5484 | |
| S3 | $0.0₆4875 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₆6722 | |
| R2 | $0.0₆7332 | |
| R3 | $0.0₆7646 |
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) | 9.79 | BUY |
| Stoch RSI (14) | 10.04 | BUY |
| Stochastic Fast (14) | 0.54 | BUY |
| Commodity Channel Index (20) | -96.02 | NEUTRAL |
| Average Directional Index (14) | 68.99 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | SELL |
| Williams Percent Range (14) | -99.46 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 21.24 | BUY |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, WECOIN price was most positively correlated with the price of World Liberty Financial (WLFI), JUST (JST), Beldex (BDX), APENFT (NFT) and Aster (ASTER) and most negatively correlated with the price of Convex Finance (CVX), Stacks (STX), Polygon Ecosystem Token (POL), Decred (DCR) and Zcash (ZEC).
| Name | Correlation |
|---|---|
| World Liberty Financial | 0.598 |
| JUST | 0.305 |
| Beldex | 0.019 |
| APENFT | -0.018 |
| Aster | -0.064 |
| Name | Correlation |
|---|---|
| Convex Finance | -0.722 |
| Stacks | -0.703 |
| Polygon Ecosystem Token | -0.701 |
| Decred | -0.699 |
| Zcash | -0.672 |
WECOIN price is negatively correlated with the top 10 coins by market cap with a price of -0.396, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.407.
Currencies that are positively correlated with WECOIN 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 WECOIN, a move in one direction for WECOIN would translate into a move in the opposite direction for the negatively correlated coin.
