Angle Protocol (ANGLE)
1. Fundamental Analysis
1.1 Introduce
Angle is the first over-collateralized, decentralized and capital-efficient stablecoin protocol. It offers full convertibility between stable assets and collateral at oracle value: you can swap 1 of collateral against 1 of stablecoin and conversely.This makes the protocol both capital efficient and highly liquid. To make that work efficiently, Angle brings together leverage products (the protocol is derivatives backed) that are cheaper to get than on other alternatives and yield farming opportunities with a multiplier effect that allow the protocol to guarantee higher yield than what you could get using other strategies/platforms. ANGLE is the governance token ruling all that.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | ANGLE | Market Cap | 4011407.07 |
| Name | Angle Protocol | White Paper | -- |
| Web Site | https://www.angle.money | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | |
| Available Supply | 201477000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the K-line daily chart suggests the following conclusions:
- The asset has experienced a significant upward trend over the past month, with a notable surge in the latter half of December.
- There is a strong resistance level at around 0.03, which has been tested multiple times without breaking.
- The asset has faced a significant downward correction on December 11th, followed by a strong recovery.
- The trading volume has increased substantially in the past few days, indicating heightened interest and activity in the market.
- The asset has the potential to continue its upward trend, but a strong resistance level needs to be overcome.
- There is a possibility of a pullback or consolidation before the next significant upward move.
- Traders should be cautious of potential reversals or corrections after the strong rally.
- The overall trend remains bullish, but it is advisable to keep an eye on the key resistance level and trading volume indicators.
