Based on today's classical pivot point (P1) with the value of $0.0₈8124, Bonfire has support levels of $0.0₈7889, $0.0₈7486, and the strongest at $0.0₈7251. Similarly, Bonfire resistance levels are at $0.0₈8526, $0.0₈8761, and $0.0₈9163.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₈7889 | |
| S2 | $0.0₈7486 | |
| S3 | $0.0₈7251 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₈8526 | |
| R2 | $0.0₈8761 | |
| R3 | $0.0₈9163 |
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) | 55.60 | NEUTRAL |
| Stoch RSI (14) | 81.48 | SELL |
| Stochastic Fast (14) | 64.29 | NEUTRAL |
| Commodity Channel Index (20) | 76.54 | NEUTRAL |
| Average Directional Index (14) | 23.76 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | BUY |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -35.71 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | BUY |
| Ultimate Oscillator (7, 14, 28) | 55.89 | NEUTRAL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | BUY |
| 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 PancakeSwap (CAKE), Dash (DASH), Sui Crypto (SUI), Binance Coin (BNB) and Pepe Coin (PEPE) and most negatively correlated with the price of Ethena (ENA), SPX6900 (SPX), Aerodrome Finance (AERO), Cardano (ADA) and Cronos (CRO).
| Name | Correlation |
|---|---|
| PancakeSwap | 0.321 |
| Dash | 0.289 |
| Sui Crypto | 0.268 |
| Binance Coin | 0.266 |
| Pepe Coin | 0.256 |
| Name | Correlation |
|---|---|
| Ethena | -0.315 |
| SPX6900 | -0.261 |
| Aerodrome Finance | -0.217 |
| Cardano | -0.179 |
| Cronos | -0.167 |
Bonfire price is positively correlated with the top 10 coins by market cap with a price of 0.024, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.061.
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.
