Entangle (GNGL)
1. Fundamental Analysis
1.1 Introduce
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1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | GNGL | Market Cap | 16121503.7925 |
| Name | Entangle | White Paper | -- |
| Web Site | https://entangle.fi/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-03-13 |
| Available Supply | 137438225 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The K-line chart analysis suggests the following conclusion:
- The market has been in a downward trend since early December 2024.
- There has been significant volatility in the market, with wide fluctuations in the opening and closing prices.
- The volume has been high, indicating active trading and potential interest in the asset.
- The price has found support around the 0.1100 - 0.1200 range multiple times, suggesting a level of interest or resistance at these levels.
- The market has shown a potential reversal pattern, with a higher close than the previous day on multiple occasions, indicating bearishness might be waning.
- The trend seems to have paused around the 0.1500 - 0.1600 range, with the price struggling to break out or break down from this range.
- There is a possibility of a continuation of the downward trend if the price fails to sustain above the recent highs.
Future trends prediction:
- The market may continue to see downward pressure, but with potential for a temporary reversal or consolidation.
- A sustained move above the recent highs at 0.1500 - 0.1600 would suggest a potential for a bullish trend.
- A breakdown below the support level at 0.1100 - 0.1200 could signal further downward momentum.
- High trading volume will be a key indicator of market sentiment and potential future price movements.
