Lyvely (LVLY)
1. Fundamental Analysis
1.1 Introduce
Lyvely is an award-winning Social monetization platform and digital HQ to build your online community and generate revenue online.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | LVLY | Market Cap | 25870250 |
| Name | Lyvely | White Paper | -- |
| Web Site | https://get.lyvely.com/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://basescan.org/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-10-10 |
| Available Supply | 175000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis suggests a bearish short-term trend reversal following a significant decline from December 9th to December 23rd reaching a low point. The price then attempts stabilization with minor fluctuations between December 24th and December 27th. After that the price continues to drop significantly until December 30th, with a subsequent small rebound on December 31st but it experiences a fall again on January 1st 2025 which indicates the downward trend will continue. The volume has decreased significantly compared to the start of December indicating less active trading. Notably significant price drops accompanied higher trading volume suggesting stronger selling pressure during these periods of decline. The initial high trading volume was in the period from December 6th to 10th when initial price peak occurred which also confirms the trend reversal signal. The period between December 24th to 27th had consistently low trading volume with the price staying relatively stable implying low interest. The period from December 30th to January 1st indicates a potential continuation of the downward trend while the daily drop is not significant, the overall negative momentum is there. The lack of strong and consistent green candles in this time frame reinforce this sentiment that the bearish trend is going to continue. Based on the overall pattern a downward pressure is expected in the very short term period including the trading day of January 2nd. The trading volume on Jan 1 is very low, indicating a lack of buying support. This suggests further potential downside movement in the short future before possible stabilization. The major price decreases were associated with large trading volume, which signifies strong selling actions.
