Lemond (LEMD)
1. Fundamental Analysis
1.1 Introduce
Lemond is a decentralized, open-source, autonomous non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion. Lemond is a Protocol initialized on OKExChain with lower gas cost and higher efficiency. Besides the basic loan function, Lemond would bring more in the following steps, all is aiming for a Juicy DeFi environment.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | LEMD | Market Cap | 210.3 |
| Name | Lemond | White Paper | -- |
| Web Site | https://www.lemond.money/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2021-04-22 |
| Available Supply | 10000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analyzed data shows a volatile period followed by consolidation and a recent downturn.
Initially, the price experienced significant fluctuations with wide trading ranges and high volume, particularly between 2024-12-04 and 2024-12-11. This period shows signs of intense trading activity and price discovery. A peak was observed around 2024-12-05 to 2024-12-08 with prices climbing towards the 2.9e-05 range. However, this uptrend was not sustained. Notice an extremely high trading volume on 2024-12-11 suggesting a potential climax of buying and a shift in market sentiment.
Following the peak, the asset entered a phase of price correction. This is clearly depicted by the gradual decline from the 2.9e-05 range down to the 2.1e-05, where much of the following trading happened. It appears a period of decreased volatility in terms of price range, even if day-by-day specific trade volumes remain moderate. The market appeared to find a new balance in this area. This period seems to show decreasing trade volume on most days. On a smaller scale, there were periods of indecision, indicated by some overlapping candles, mostly with small bodies.
Towards the end of the period, the lowest point was found on date 2024-12-20. This is immediately followed by a rebound. Specifically from date 2024-12-21 and date 2024-12-24, with the appearance of higher lows suggest a possible beginning of an uptrend. However, this tentative recovery was short-lived. These prices were not sustained and the market began to show weakness again.
By date 2024-12-27, the price broke the previous low, signaling a bearish trend. This trend continued through December with several unsuccessful attempts to establish a new high. The trading volumes during this period are usually small to moderate, hinting at a lack of strong buying interest. This suggests that the pressure is more downward than upward. There might be low confidence in prices remaining at or above the 2.2-2.3e-05 range. The end of the available data shows no signs of a bullish reversal.
The data from 2024-12-30 to 2025-01-01 show continued price stability around 2.103e-05, but the volume is at its lowest seen in the whole set. The closing prices are flat with limited price movement between high and lows and a very small trading range. This suggests the market has entered a wait-and-see mode after an active previous period. From the last three trading days, there is low trade activity and price consolidation, which might hint at the end of any price fall. However, this trading range needs to be broken before any strong movements can be seen.
Overall, the trend appears to be bearish following a period of high volatility and a subsequent correction to lower levels. The lack of significant buying pressure at lower prices suggests that the downtrend is likely to continue; the latest data points to the price is in a small downward channel with minimal bullish signals. If the price breaks lower than 2.0e-05 and trading volume increases, the bearish trend will most likely continue. If a bullish sentiment appears, it should be followed by increased volume.
