Based on today's classical pivot point (P1) with the value of $0.0₈7822, Bonfire has support levels of $0.0₈7526, $0.0₈7376, and the strongest at $0.0₈7081. Similarly, Bonfire resistance levels are at $0.0₈7972, $0.0₈8267, and $0.0₈8418.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₈7526 | |
| S2 | $0.0₈7376 | |
| S3 | $0.0₈7081 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₈7972 | |
| R2 | $0.0₈8267 | |
| R3 | $0.0₈8418 |
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) | 44.72 | NEUTRAL |
| Stoch RSI (14) | 21.15 | NEUTRAL |
| Stochastic Fast (14) | 89.12 | SELL |
| Commodity Channel Index (20) | 34.35 | NEUTRAL |
| Average Directional Index (14) | 23.60 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -10.88 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 81.02 | 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 Monad (MON), DeXe (DEXE), Bitcoin Cash (BCH), Internet Computer (ICP) and Quant (QNT) and most negatively correlated with the price of Mantle (MNT), Pyth Network (PYTH), Monero (XMR), Pump.fun (PUMP) and Virtuals Protocol (VIRTUAL).
| Name | Correlation |
|---|---|
| Monad | 0.291 |
| DeXe | 0.272 |
| Bitcoin Cash | 0.249 |
| Internet Computer | 0.241 |
| Quant | 0.237 |
| Name | Correlation |
|---|---|
| Mantle | -0.477 |
| Pyth Network | -0.434 |
| Monero | -0.397 |
| Pump.fun | -0.356 |
| Virtuals Protocol | -0.354 |
Bonfire price is positively correlated with the top 10 coins by market cap with a price of 0.091, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.012.
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.
