Based on today's classical pivot point (P1) with the value of $0.0₈7444, Bonfire has support levels of $0.0₈7100, $0.0₈6806, and the strongest at $0.0₈6462. Similarly, Bonfire resistance levels are at $0.0₈7738, $0.0₈8082, and $0.0₈8377.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₈7100 | |
| S2 | $0.0₈6806 | |
| S3 | $0.0₈6462 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₈7738 | |
| R2 | $0.0₈8082 | |
| R3 | $0.0₈8377 |
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) | 40.28 | NEUTRAL |
| Stoch RSI (14) | 48.22 | NEUTRAL |
| Stochastic Fast (14) | 36.64 | NEUTRAL |
| Commodity Channel Index (20) | -117.61 | BUY |
| Average Directional Index (14) | 21.48 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -63.36 | NEUTRAL |
| Bull Bear Power (13) | -0.00 | SELL |
| Ultimate Oscillator (7, 14, 28) | 44.14 | NEUTRAL |
| VWMA (10) | 0.00 | SELL |
| 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 Floki Inu (FLOKI), Conflux (CFX), Shiba Inu (SHIB), XDC Network (XDC) and Dash (DASH) and most negatively correlated with the price of Aave (AAVE), Bitcoin SV (BSV), JUST (JST), Jito (JTO) and Morpho (MORPHO).
| Name | Correlation |
|---|---|
| Floki Inu | 0.792 |
| Conflux | 0.770 |
| Shiba Inu | 0.764 |
| XDC Network | 0.762 |
| Dash | 0.752 |
| Name | Correlation |
|---|---|
| Aave | -0.571 |
| Bitcoin SV | -0.523 |
| JUST | -0.507 |
| Jito | -0.479 |
| Morpho | -0.437 |
Bonfire price is positively correlated with the top 10 coins by market cap with a price of 0.257, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.331.
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.
