Karura (KAR)
1. Fundamental Analysis
1.1 Introduce
Karura is the all-in-one DeFi hub of Kusama. Founded by the Acala Foundation, Karura is a scalable, EVM-compatible network optimized for DeFi. The platform offers a suite of financial applications including: a trustless staking derivative (liquid KSM), a multi-collateralized stablecoin backed by cross-chain assets (kUSD), and an AMM DEX – all with micro gas fees that can be paid in any token.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | KAR | Market Cap | 10427050 |
| Name | Karura | White Paper | -- |
| Web Site | https://acala.network/karura | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://karura.subscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 160000000 | |
| Supply | 160000000 | Release Date | 2019-10-01 |
| Available Supply | 115000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the provided K-line daily chart data indicates the following conclusion:
- The asset has experienced a significant downward trend in the last few days, with the close price consistently below the open price.
- There is a notable increase in trading volume during the downward trend, suggesting strong selling pressure.
- The asset has seen a period of consolidation, with the price hovering around the 0.09 - 0.10 range.
- The price has made a strong upward move on December 8th, followed by a consolidation phase.
- The asset has experienced a sharp rise in the last trading session, with the close price significantly higher than the open price.
- The trading volume has been relatively low during the consolidation phase, but it has increased in the last trading session, indicating potential buying interest.
Predicted future trends:
- The asset may continue its upward trend based on the strong close price in the last trading session.
- The increased trading volume in the last session suggests a possible continuation of the upward trend.
- The asset may face resistance at the previous high of 0.12197, which could lead to a consolidation phase.
- A breakdown below the recent consolidation range could indicate a potential reversal of the upward trend.
