Castle of Blackwater (COBE)
1. Fundamental Analysis
1.1 Introduce
Castle of Blackwater is a thrilling social deduction game co-created with Merit Circle, merging a mysterious world of trust and betrayal, with powerful Web3 features that rewards players for their skill and engagement. It elevates the social deduction genre by intertwining innovative gameplay with an ownership-driven social experience, allowing players to deeply engage and form a passionate community around the intrigue and magic of Blackwater Town.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | COBE | Market Cap | 346024.439 |
| Name | Castle of Blackwater | White Paper | -- |
| Web Site | https://castleofblackwater.com/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000 | |
| Supply | 100000000 | Release Date | 2024-03-29 |
| Available Supply | 7473530 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line chart indicates a strong bearish trend with potential for a reversal. The opening price has been consistently higher than the closing price over the past few days, suggesting bearish sentiment. However, there are signs of a possible reversal in the market.
The volume has been decreasing over the past few days, which could indicate a lack of conviction in the bearish trend. Additionally, the recent closing prices have been close to the opening prices, suggesting a possible consolidation phase.
The recent high and low points have been contracting, indicating a narrowing range. This could be a sign of a potential breakout in either direction.
Overall, the analysis suggests that while the market is currently bearish, there are signs of potential reversal or consolidation. A cautious approach is recommended, with a watch for any significant price movements or volume increases that could signal a trend change.
