Basenji (BENJI)
1. Fundamental Analysis
1.1 Introduce
Basenji is the name of the world’s oldest dog breed, for which has launched on the L2 Base. We have a strong vision to establish the strongest community within the space with the very highest level of content creation for all to enjoy onchain.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | BENJI | Market Cap | 19960000 |
| Name | Basenji | White Paper | -- |
| Web Site | https://www.basenjibase.com/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://basescan.org/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-03-23 |
| Available Supply | 1000000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the provided K-line daily chart suggests the following:
- The asset has experienced a significant downward trend in the past month, with a sharp drop in prices starting around December 17th.
- There is a notable volume spike on December 17th, which could indicate a strong move in the market.
- The asset has since been in a consolidation phase, with price ranging within a narrow band between 0.01981 and 0.03835.
- The recent price action shows a slight upward trend, with a higher high and higher low, suggesting potential bullish momentum.
- The volume remains relatively low, indicating a lack of strong conviction in the market.
- The overall trend appears to be bearish with potential for a bullish reversal, but confirmation is needed before making any trading decisions.
