Kattana (KTN)
1. Fundamental Analysis
1.1 Introduce
Kattana is the professional trading terminal that you have been waiting for. Kattana s mission is to enhance your trading experience by bridging the gap between you and all the existing cryptocurrency markets. Defi or Cefi, we are here to provide state-of-the-art technologies for the financial system of tomorrow.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | KTN | Market Cap | 53609.04 |
| Name | Kattana | White Paper | -- |
| Web Site | https://kattana.io | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 10000000 | |
| Supply | 10000000 | Release Date | 2021-04-10 |
| Available Supply | 2481900 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the provided K-line data reveals a significant downtrend initially followed by a period of consolidation and most recently, a weak upward movement. From December 4th to December 18th a notable bearish trend is evident with consistent decreases in closing prices. This downtrend is characterized by higher opening prices than closing prices for several days which reinforces the selling pressure at that time. The highest price point during the period occurred around December 12th where the price reached 0.03259 and then began its descent. This bearish momentum culminates in a low of 0.02705 on December 18th. From December 18th to December 23rd the price showed some fluctuation, indicating a consolidation phase with a relatively sideways trend. This period s price ranged between 0.02705 and 0.02425 with no dominant bullish or bearish signal. After December 23rd, there was a short-term bullish correction but it was not strong enough to overcome the overall negative pressure established earlier. The price reaches 0.02425 on December 23rd and decreases until it reaches 0.02028 on December 28th suggesting a sharp drop in price. Following this drop on December 28th a strong bullish engulfing candle is observed between December 29th and December 30th indicating aggressive buying pressure suggesting initial signs of a potential trend reversal. The volume is also the highest among all records which supports this viewpoint. The analysis concludes with a series of lower volume upward price movement from December 30th to January 1st. While the recent price action suggests a short-term positive trend its overall sustainability and trend reversal confirmation requires further observation. The high volume bullish move on Dec 29th needs confirmation. The analysis does not yet confirm a definitive long-term bullish reversal only an initial reaction to an oversold condition. The short-term trend is upward but the overall trend is still bearish.
