Based on today's classical pivot point (P1) with the value of $0.0₈8284, Bonfire has support levels of $0.0₈7843, $0.0₈7567, and the strongest at $0.0₈7127. Similarly, Bonfire resistance levels are at $0.0₈8560, $0.0₈9001, and $0.0₈9277.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₈7843 | |
| S2 | $0.0₈7567 | |
| S3 | $0.0₈7127 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₈8560 | |
| R2 | $0.0₈9001 | |
| R3 | $0.0₈9277 |
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) | 52.35 | NEUTRAL |
| Stoch RSI (14) | 61.42 | NEUTRAL |
| Stochastic Fast (14) | 54.99 | NEUTRAL |
| Commodity Channel Index (20) | 115.57 | SELL |
| Average Directional Index (14) | 22.42 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -45.01 | NEUTRAL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 47.00 | NEUTRAL |
| VWMA (10) | 0.00 | BUY |
| 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 Chainlink (LINK), Binance Coin (BNB), TRON (TRX), Hyperliquid (HYPE) and World Liberty Financial (WLFI) and most negatively correlated with the price of Polkadot (DOT), Shiba Inu (SHIB), Uniswap (UNI), Celestia (TIA) and Cardano (ADA).
| Name | Correlation |
|---|---|
| Chainlink | 0.475 |
| Binance Coin | 0.461 |
| TRON | 0.433 |
| Hyperliquid | 0.415 |
| World Liberty Financial | 0.406 |
| Name | Correlation |
|---|---|
| Polkadot | -0.468 |
| Shiba Inu | -0.460 |
| Uniswap | -0.458 |
| Celestia | -0.451 |
| Cardano | -0.449 |
Bonfire price is negatively correlated with the top 10 coins by market cap with a price of -0.260, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.101.
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.
