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 13, 2024, Bonfida is trading at approximately 0.2869 USDT. Let’s dive into the detailed price action for FIDA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2876 |
| High (H) | 0.293 |
| Low (L) | 0.2703 |
| Close (C) | 0.2869 |
| Volume (C) | 4,328,560.30 |
- Open (O): The opening price for today’s trading session was approximately 0.2876 USDT.
- High (H): Bonfida reached a daily high of around 0.293 USDT.
- Low (L): The daily low for FIDA-USDT was approximately 0.2703 USDT.
- Close (C): At the time of analysis, Bonfida is trading near its daily close of 0.2869 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.24% |
| 3D Change (%) | 0.53% |
| 7D Change (%) | -3.37% |
| 30D Change (%) | -3.92% |
| 90D Change (%) | -5.50% |
| YTD Change (%) | -14.69% |
Over the past three days, FIDAUSDT has risen by approximately 0.53%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -3.37%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FIDAUSDT maintaining a downward trend of approximately -3.92%, despite intermittent fluctuations. Examining the last 90 days, FIDAUSDT has witnessed substantial decrease of approximately -5.50%, reflecting strong long-term confidence. Year-to-date, FIDAUSDT has steadily declined by around -14.69%, 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 0.5622.
- Momentum score is -0.18402.
FIDA USDT Technical Analysis
Bonfida Trading Volume:
The trading volume for Bonfida (FIDA) over the past 24 hours has been insignificant, with approximately 4,328,560.30 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 low zone, around 41.60987. This suggests that Bonfida is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Unveil potential setbacks for Bonfida (FIDAUSDT) at 2.87e-01 USDT through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on FIDA BTC Bonfida Technical Analysis if you found this post intriguing.
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.