Levana (LVN)
1. Fundamental Analysis
1.1 Introduce
Levana is a perpetual swap supporting high leverage and low fees on over 25 different markets including cryptocurrencies, foreign exchange and commodities. Levana is an acronym for “Leverage any Asset” Levana Perps is currently deployed on 3 blockchains: Osmosis, Sei and Injective. Levana traders have passed 900M usd in trading volume and Levana’s markets have paid out over 1M usd in real yield to users over the past 4 months. Levana s codebase was audited by Peckshield. Levana is incubated by Delphi Labs, with key Investors such as: Arrington XRP, Tribe Capital, Spartan Capital, Dragonfly, Coinfund, Parafi,and more.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | LVN | Market Cap | 9015293.2808981 |
| Name | Levana | White Paper | -- |
| Web Site | https://levana.finance/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://www.mintscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2023-12-19 |
| Available Supply | 714932060.34085 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The recent K-line chart data shows a clear downward trend followed by a period of consolidation, then a failed attempt at recovery and finally a sharp sell-off leading to a new bottom formation. Initially the price exhibited strong volatility and high volume suggesting an intense period of activity. The peak occurred around 2024-12-04 to 2024-12-09 with a relatively high open and close price range and decreasing trading volume. This was immediately followed by an almost vertical price drop starting from 2024-12-09 till 2024-12-20, that is a huge price correction. This down trend was accompanied by reduced price ranges and relatively decreasing volume. The data suggests that the market sentiment was rapidly bearish during this drop.
The next phase from roughly 2024-12-20 to 2024-12-30 indicates a possible consolidation phase with price movements mostly sideways, the price fluctuations were limited in range. Volume was also relatively low. This implies a period of indecision in the market where neither buyers nor sellers were showing dominance. At first glance it looks like prices have bottomed out around 2024-12-20. This period is characterised by a series of green and red candles with price moving slightly. It is suggestive of price stabilizing. This can also mean that the market could be preparing for another significant move either upwards or downwards. Then the prices attempted a modest recovery from 2024-12-21 onwards reaching higher highs and lows, but this upward move was short-lived failing to surpass a critical price point of around 0.015. The price failed to sustain as shown by the sharp sell off on 2024-12-26 and 2024-12-27. A clear red candle on 2024-12-27 broke the upward trend and re-triggered the downward movement.
Finally from 2024-12-27 till 2025-01-01, the prices have seen another wave of sell-offs, where prices have reached new lows below the initial bottom on 2024-12-20. The price action suggests a strong bearish momentum, with large red candles that indicates that the selling pressure is high. The trading volumes on 2024-12-30 to 2024-12-31 are also high, again suggestive of a decisive sell pressure. The sharp drop on 2024-12-31 which is immediately followed by a small drop on 2025-01-01 might be indicative of a potential price floor but only confirmation in the next few days using the K-line chart will confirm this. Given the current chart structure, the trend is predominantly bearish. Overall, the chart suggests a strong downtrend, with periods of consolidation and minor bullish attempts. The strong downward movement on 2024-12-27 onwards suggests that the market sentiment is negative and traders should be cautious.
