Launchpool (LPOOL)
1. Fundamental Analysis
1.1 Introduce
Launchpool believe all project stakeholders are as important as each other. Investment funds and communities should work side by side on projects, on the same terms, towards the same goals.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | LPOOL | Market Cap | 585600.1938 |
| Name | Launchpool | White Paper | -- |
| Web Site | https://launchpool.xyz | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://arbiscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 10000000 | |
| Supply | 10000000 | Release Date | 2024-05-13 |
| Available Supply | 9711446 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The recent price action indicates a strong downtrend and heightened volatility, suggesting a high degree of market uncertainty. The period from December 6th to December 17th witnessed extreme fluctuations, characterized by large price swings and substantial trading volume reflecting significant market turbulence. On December 6th a notable surge to 0.1656 from a low of 0.0568 is followed by a correction with a closing price of 0.1207. After December 7, the price experienced a volatile decline, marked by occasional brief rallies. There are also two gaps present in the data. On December 5th it had a significant drop of around one-tenth of it’s total value dropping from 0.0570 to 0.0006 it then had a closing price of 0.0572.
On December 17, a large bullish price change is present where the price closes at 0.0901 after reaching a high of 0.1007, but this movement is followed by a downward price trend. Subsequently, there was a period of consolidation beginning around December 18 where prices fluctuated between 0.064 and 0.0823 eventually making its way to a range from 0.058 to 0.0634. The trend shows a movement toward lower highs and lower lows further confirming a bearish trend. The volume initially surged on periods of high price volatility, but has since gradually decreased as the market experiences a period of consolidation. The most recent date of January 1st also indicates a lower close of 0.0598, when compared to the open of 0.0585 signaling a potential continuation of the current downtrend. Resistance levels established during previous highs around the 0.1656 and 0.1256 marks should be considered. Support levels around 0.054 and then the lower points of 0.0006 should be examined closely going forward. Overall, the market trend has indicated a transition from a volatile bearish period to a moderate downward range signaling that the pressure might be shifting towards sellers. It is recommended to continue monitoring market volume, and support/resistance breakouts for further market direction.
