Based on today's classical pivot point (P1) with the value of $0.0₈7780, Bonfire has support levels of $0.0₈7474, $0.0₈7166, and the strongest at $0.0₈6860. Similarly, Bonfire resistance levels are at $0.0₈8089, $0.0₈8395, and $0.0₈8703.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₈7474 | |
| S2 | $0.0₈7166 | |
| S3 | $0.0₈6860 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₈8089 | |
| R2 | $0.0₈8395 | |
| R3 | $0.0₈8703 |
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) | 47.59 | NEUTRAL |
| Stoch RSI (14) | 46.98 | NEUTRAL |
| Stochastic Fast (14) | 90.65 | SELL |
| Commodity Channel Index (20) | 22.57 | NEUTRAL |
| Average Directional Index (14) | 27.19 | SELL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | 0.00 | BUY |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -9.35 | SELL |
| Bull Bear Power (13) | -0.00 | SELL |
| Ultimate Oscillator (7, 14, 28) | 79.45 | SELL |
| 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, Bonfire price was most positively correlated with the price of DeXe (DEXE), Monad (MON), Internet Computer (ICP), Bitcoin SV (BSV) and Bitcoin Cash (BCH) and most negatively correlated with the price of Mantle (MNT), Pyth Network (PYTH), Monero (XMR), Virtuals Protocol (VIRTUAL) and Pump.fun (PUMP).
| Name | Correlation |
|---|---|
| DeXe | 0.261 |
| Monad | 0.260 |
| Internet Computer | 0.237 |
| Bitcoin SV | 0.235 |
| Bitcoin Cash | 0.226 |
| Name | Correlation |
|---|---|
| Mantle | -0.474 |
| Pyth Network | -0.431 |
| Monero | -0.353 |
| Virtuals Protocol | -0.350 |
| Pump.fun | -0.347 |
Bonfire price is positively 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 -0.021.
Currencies that are positively correlated with Bonfire 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 Bonfire, a move in one direction for Bonfire would translate into a move in the opposite direction for the negatively correlated coin.
