The table above shows the level of correlation between top projects, based on the last seven days of hourly data. Correlation is high as usual across the spectrum, with VeChain (VET) showing the lowest correlation with Bitcoin and overall.
The Graph of VeChain is provided below, with the coin showing a technical analysis framework characterized by an RSI currently approaching oversold level.
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[…] matrix between quoted token projects. While the overall correlation seems to be quite high, despite not as high as other analysed samples, Cortex (CTXC) in particular has shown a considerably low level of correlation with other token […]