FIDA USDT Bonfida Technical Analysis

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By Frans van Elst

Bonfida logo In this Bonfida technical analysis, we will examine the current price action, trading volume, key levels and indicators for FIDA-USDT. Bonfida (FIDA) is a decentralized finance (DeFi) platform that enables users to earn rewards in the form of cryptocurrencies by participating in various activities such as liquidity provision, staking, and yield farming. FIDA’s innovative features include a unique governance system that allows holders to vote on proposals for the development and growth of the platform. With its focus on community-driven decision-making and sustainable rewards, Bonfida (FIDA) is poised to revolutionize the DeFi landscape.

Bonfida Price Overview:

As of May 26, 2024, Bonfida is trading at approximately 0.2972 USDT. Let’s dive into the detailed price action for FIDA-USDT:

Confirm Bonfida’s (FIDAUSDT) bullish outlook at 2.97e-01 USDT with technical analysis, emphasizing strong support and positive indicators.

Metric Value
Open (O) 0.2874
High (H) 0.3361
Low (L) 0.2843
Close (C) 0.2972
Volume (C) 34,177,030.90
  • Open (O): The opening price for today’s trading session was approximately 0.2874 USDT.
  • High (H): Bonfida reached a daily high of around 0.3361 USDT.
  • Low (L): The daily low for FIDA-USDT was approximately 0.2843 USDT.
  • Close (C): At the time of analysis, Bonfida is trading near its daily close of 0.2972 USDT.
Metric Value
1D Change (%) 3.41%
3D Change (%) 5.58%
7D Change (%) 9.47%
30D Change (%) -6.04%
90D Change (%) -17.33%
YTD Change (%) -11.63%

Over the past three days, FIDAUSDT has increased by approximately 5.58%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 9.47%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FIDAUSDT maintaining a downward trend of approximately -6.04%, despite intermittent fluctuations. Examining the last 90 days, FIDAUSDT has witnessed substantial decrease of approximately -17.33%, reflecting strong long-term confidence. Year-to-date, FIDAUSDT has steadily depreciated by around -11.63%, 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-USDT 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 0.53631.
  • Momentum score is -0.03097.

FIDA USDT Technical Analysis

Bonfida Trading Volume:

The trading volume for Bonfida (FIDA) over the past 24 hours has been significant, with approximately 34,177,030.90 USDT 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-USDT is currently in the neutral zone, around 45.2028. This suggests that Bonfida is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

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

Confirm Bonfida’s (FIDAUSDT) bullish outlook at 2.97e-01 USDT with technical analysis, emphasizing strong support and positive indicators.

Unlock additional insights on FIDA BTC Bonfida Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.

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.

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