KYVE Network (KYVE)
1. Fundamental Analysis
1.1 Introduce
KYVE Network is revolutionizing customized and secure access to on- and off-chain data by providing fast and easy tooling for decentralized data validation, immutability, and retrieval; making trustless data a public good.KYVE Network aims to solve the need for fast, easy, and reliable access to data in a trustless world. With an emphasis on decentralized data validation and immutability, KYVE Network is focused on creating a system that allows users to access and verify data in a way that is secure, transparent, and resistant to tampering or corruption.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | KYVE | Market Cap | 20580357 |
| Name | KYVE Network | White Paper | -- |
| Web Site | https://www.kyve.network/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://www.mintscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | -- | |
| Supply | -- | Release Date | |
| Available Supply | 780150000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The most recent day, 2025-01-01, shows a small bullish candle with a closing price of 0.02638, slightly higher than the opening at 0.02611 and low at 0.026. The volume is exceptionally low compared to prior days at 1290.67 indicating a period of uncertainty and low participation. The prior three days show a downward trend. The day before, 2024-12-31, shows a bearish candle with closing at 0.02601 after opening at 0.02661, demonstrating a clear move downward. The volume is at 4381.69. 2024-12-30 had a notable bearish momentum with a close at 0.02662 after opening at 0.02731 and a high at 0.02747 with volume at 7348.30. 2024-12-29, the close at 0.02729 after opening at 0.02785 implies more bearish pressure with volume at 7406.82.
Generally, from 2024-12-25 to 2024-12-27, there was a significant bearish decline. This period started with a high volume bullish candle on 2024-12-25 with a close of 0.03001 but subsequently experienced rapid selling pressure on 2024-12-26 closing at 0.02814 with the largest volume at 42581.05, and continued with a bearish move on 2024-12-27 closing 0.02698 with a large volume of 12243.20. The price trend had tried to stabilize in the following days 2024-12-28 to 2024-12-31. The significant volume spike of 120245.87 on 2024-12-18 confirms high volatility during this period, characterized by a notable gap up movement, opening at 0.02507, reaching a high of 0.03068 before closing at 0.02948, and followed by a substantial correction in the following day. There are several days of volume significantly larger than the current. Volume was particularly high on 2024-12-18 at 120245.87, 2024-12-11 at 54233.48, and 2024-12-10 at 57378.33, 2024-12-06 at 77593.55, 2024-12-03 at 51053.59. High volume indicates high market activity and could be a pivotal point for trend changes. The decreasing volume during the latter part of the month signals weakening price trend. The price range between 0.024 and 0.030 suggests a consolidation period with significant volatility. The consistent bearish trends are broken by small bullish moments indicating bearish dominance.
Overall the current analysis reveals a market that went from a bullish upswing to bearish downswing with considerable volatility. The closing price on 2025-01-01 shows a sign of potential stabilization after a period of sustained selling pressure, however low transaction volume indicates the stability is weak. Given the overall downward trend, despite fluctuations, the market is still exhibiting negative momentum and could continue to fall even though very small bullish movements are appearing. The volatility seen in the middle portion of the dataset with large volume indicates periods of panic or strong buying but ultimately resulting in a downward slide. Given the downward trend the overall outlook is bearish with some potential for short-term stabilization. The market needs strong volume to indicate significant reversal. It is necessary to monitor the volume for future signs of change in direction. The market remains uncertain.
