FIDA BTC Bonfida Technical Analysis

Bonfida logo In this Bonfida technical analysis, we will examine the current price action, trading volume, key levels and indicators for FIDA-BTC. Bonfida (FIDA) is a decentralized cryptocurrency that utilizes a proof-of-stake consensus algorithm, which allows for faster transaction times and increased security compared to traditional proof-of-work algorithms. Bonfida’s unique staking mechanism also enables users to earn rewards by participating in the validation process, further incentivizing the use of the network. With its focus on speed, security, and user engagement, Bonfida is poised to become a leading player in the rapidly evolving cryptocurrency market.

Bonfida Price Overview:

As of September 22, 2023, Bonfida is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for FIDA-BTC:

Metric Value
Open (O) 1e-05
High (H) 1e-05
Low (L) 1e-05
Close (C) 1e-05
Volume (C) 508,550.40
  • Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
  • High (H): Bonfida reached a daily high of around 1e-05 BTC.
  • Low (L): The daily low for FIDA-BTC was approximately 1e-05 BTC.
  • Close (C): At the time of analysis, Bonfida is trading near its daily close of 1e-05 BTC.
Metric Value
1D Change (%) 9.66%
3D Change (%) 8.11%
7D Change (%) 8.69%
30D Change (%) 2.17%
90D Change (%) -22.11%
YTD Change (%) -65.03%

Over the past three days, FIDABTC has risen by approximately 8.11%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 8.69%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FIDABTC maintaining an upward trend of approximately 2.17%, despite intermittent fluctuations. Examining the last 90 days, FIDABTC has witnessed substantial decline of approximately -22.11%, reflecting strong long-term confidence. Year-to-date, FIDABTC has steadily decreased by around -65.03%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Bonfida Live Chart:

You can access a live price chart for FIDA-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.85614.
  • Momentum score is 0.02167.

FIDA BTC Technical Analysis

Bonfida Trading Volume:

The trading volume for Bonfida (FIDA) over the past 24 hours has been insignificant, with approximately 508,550.40 BTC traded against FIDA. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): FIDA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Bonfida is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for FIDA-BTC is currently in the neutral zone, around 47.56286. This suggests that Bonfida is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Bonfida (FIDA-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.