Kroma (KRO)
1. Fundamental Analysis
1.1 Introduce
As Asia’s leading Layer 2 solution built on the Superchain and backed by Wemade, Kroma is the first OP Stack rollup with an active fault-proof system utilizing zkEVM, will transition to a universal ZK Rollup once the generation of ZK proofs becomes more cost-efficient and faster — using its original modular ZK backend library, Tachyon, and plans to push for a gamified Web3 experience, leveraging its strengths in gaming, consumer applications, the Asian market, and technical capabilities to foster true universal Web3 adoption.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | KRO | Market Cap | 6425622 |
| Name | Kroma | White Paper | -- |
| Web Site | https://kroma.network/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://kromascan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | |
| Available Supply | 114600000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the provided K-line data reveals a volatile trading period with significant fluctuations in price. Initially, there was a notable upward trend culminating around mid-December, marked by high trading volumes, especially around December 16. This peak was followed by a sharp correction, indicating profit-taking and potentially a change in market sentiment, and a consolidation around the 0.05 to 0.06 range. From the available data the price is currently struggling to maintain above the 0.06 level indicating significant selling pressure.
There are key areas of support and resistance, the 0.046-0.047 range appears to have supported price. The 0.08-0.09 range has served as strong resistance levels with the Dec 14 spiking as high as 0.11998, but closing down. The volume is significantly higher from 12/10 through 12/18, indicating greater market interest in the security at these price levels and increased volatility. The overall trend shows an initial rapid increase followed by a significant pullback and then consolidation. There may be a potential for a continuation of the downtrend as recent candlesticks show increased selling pressures. The price action after Dec 20 appears to suggest increasing support at levels between 0.040 and 0.050 which could halt further decline if buying pressure were to resume. The most recent trading days show the price trading in a tight narrow range suggesting a possible direction decision looming.
The overall market sentiment is shifting, moving from strong bullish to bearish pressure. The immediate future may depend on whether the price can break the resistance around 0.062 or if the support at 0.046-0.047 hold. The recent trading volumes are relatively lower compared to mid December confirming the consolidation. It might be expected a period of consolidation or a price reversal upwards if buying interest appears, otherwise if the selling persists, price may test the lower support at 0.046. The closing prices during late December did not sustain the higher prices reached earlier in the month. January 1st data indicates a continuation of the decreasing trend.
