KubeCoin (KUBE)
1. Fundamental Analysis
1.1 Introduce
KubeCoin is the cryptocurrency that is revolutionizing the travel and leisure industries, built on Cardano.KubeCoin is an extensive ecosystem of over 7 projects with real-world applicability, including FlyKube, EatKube, KubePay, NFT Collection, NFT Marketplace and KubeIn.KubeCoin aim to continue developing our projects and expand our ecosystem to make cryptocurrencies adoptable in the real world.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | KUBE | Market Cap | 101586.95881 |
| Name | KubeCoin | White Paper | -- |
| Web Site | https://kubecoin.org | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://cardanoscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 480000000 | |
| Supply | 480000000 | Release Date | 2022-07-11 |
| Available Supply | 189882166 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The provided data reveals a volatile trading period with significant price fluctuations, particularly noticeable in the early December activity. The period can be broadly divided into three phases. Initially, there is an upward trend spanning from the end of November into early December, showcasing increased trading volume, which culminated around December 6th and 7th. This period suggests significant market interest and bullish momentum. The second phase is marked by a substantial price correction. This downward trend started rapidly after the high points were established, and the price experienced a sharp decline, suggesting profit-taking or an adjustment in market sentiment. The third phase exhibits signs of recovery followed by consolidation. The period from mid to late December indicates that after finding some support, the market is attempting to recover, showing resilience at lower levels and a consolidation pattern within that range.
Analyzing recent price action, the past few days show increased volatility. December 29th through December 31st sees significant volume and a wide range between high and low, suggesting a battle between buyers and sellers. Notably, the closing price on December 31st was notably lower than the opening, indicating strong selling pressure at the end of the trading day followed by a further drop on Jan 1st. The final two days demonstrate a continued downtrend, which suggests the initial recovery from the previous downtrend may have stalled. Volume data shows a decline on Jan 1st compared to the end of December, this might indicate lower conviction behind price movements or reduced activity following the new year.
Looking forward, the current downtrend suggests it is likely that the immediate future will be characterized by continued bearish pressure. The price range of the past few days will be tested, with the lows providing a crucial supporting point. Breakage of this level will possibly lead to further price decreases. If the previous low support on the 20th is broken, it will likely turn into new downward pressure. Alternatively, if the price manages to consolidate and subsequently rally, it could signal a change in investor confidence. Given the overall volatility seen during the past month, it is reasonable to expect future price swings until clearer market sentiment is established. The critical point to observe lies in the strength of potential support and resistance levels in the short term, along with an increase or decrease in volume that would confirm the direction of the next primary move. The direction of movement will significantly depend on how those key levels are handled the next several trading days.
