Based on today's classical pivot point (P1) with the value of $0.0₈7694, Bonfire has support levels of $0.0₈7334, $0.0₈7113, and the strongest at $0.0₈6753. Similarly, Bonfire resistance levels are at $0.0₈7914, $0.0₈8274, and $0.0₈8495.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₈7334 | |
| S2 | $0.0₈7113 | |
| S3 | $0.0₈6753 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₈7914 | |
| R2 | $0.0₈8274 | |
| R3 | $0.0₈8495 |
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) | 42.96 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 82.75 | SELL |
| Commodity Channel Index (20) | -22.95 | NEUTRAL |
| Average Directional Index (14) | 35.15 | SELL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | SELL |
| Williams Percent Range (14) | -17.25 | SELL |
| Bull Bear Power (13) | 0.00 | SELL |
| Ultimate Oscillator (7, 14, 28) | 41.22 | NEUTRAL |
| 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 Stellar (XLM), Bittensor (TAO), XDC Network (XDC), Nexo (NEXO) and Mantle (MNT) and most negatively correlated with the price of Beldex (BDX), Aptos (APT), World Liberty Financial (WLFI), Conflux (CFX) and Plasma (XPL).
| Name | Correlation |
|---|---|
| Stellar | 0.487 |
| Bittensor | 0.465 |
| XDC Network | 0.439 |
| Nexo | 0.378 |
| Mantle | 0.343 |
| Name | Correlation |
|---|---|
| Beldex | -0.219 |
| Aptos | -0.166 |
| World Liberty Financial | -0.116 |
| Conflux | -0.108 |
| Plasma | -0.091 |
Bonfire price is positively correlated with the top 10 coins by market cap with a price of 0.122, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.145.
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.
