Loulou (LOULOU)
1. Fundamental Analysis
1.1 Introduce
LOULOU is inspired by a Dutch pug on TikTok with 3 million followers and 115.5m likes, boasting the No. 1 #PUG fan base on TikTok and recognized as the cutest in the world!
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | LOULOU | Market Cap | 2738000 |
| Name | Loulou | White Paper | -- |
| Web Site | https://www.pugloulou.me/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.solana.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-10-01 |
| Available Supply | 1000000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The recent K-line chart reveals a highly volatile period with significant price fluctuations. Beginning from a low point around 0.0017 in mid-December, the price experienced a sharp upward surge peaking around 0.0033. This rally was followed by a series of declines and recoveries. A notable shift in momentum appears around Dec 28th with a strong bullish engulfing pattern.However, momentum didn t sustain. The period from Dec 25 to Dec 27 shows a sharp decline, creating a three-day bearish pattern. After a low point on December 27th around 0.002581, there has been a modest recovery with the last three days showing diminishing momentum and closing price decreasing, potentially signaling a weakening of the upward trend. The trading volume generally shows relatively higher values during sharp price changes, indicating strong market participation.
The chart initially shows multiple long lower shadows on Dec 14,15 and following days which suggests strong buying pressure overcoming bearish trends. The very large candle body on Dec 18 and 19 implies rapid increases in buying or selling forces. Following that period, multiple candle wicks suggest a battle between bulls and bears. The sharp price decline near end of Dec suggests a dominance of the sellers.
Looking at recent activity, a short to medium-term analysis suggests caution. The recent downtrend should be monitored. While there appears to have been an overall recovery since the beginning of December, the current momentum is bearish, suggesting more downside pressure is possible. The relatively low trading volume of the last three candles indicate decreasing buying pressure. A potential for consolidation or a further retracement is there. Resistance levels would be found around the recent high of Dec. 25th at 0.003395 and previous local highs around Dec. 7th and 8th near 0.0027, while support could be around the recent low around 0.0024.The market is exhibiting a decreasing momentum signal, implying a possible weakening buying trend. Monitoring upcoming trend patterns is crucial to ascertain continuation or reversal.
