MatrixAI (MAN)
1. Fundamental Analysis
1.1 Introduce
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MAN | Market Cap | 6798521.7 |
| Name | MatrixAI | White Paper | -- |
| Web Site | https://www.matrixchain.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://tom.matrix.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2018-01-28 |
| Available Supply | 455055000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the provided K-line data reveals several key trends and potential future developments. Initial observations indicate a significant price correction phase from early December 2024 through the first day of 2025. Starting from a peak around 0.029 in early December, the price experienced a downward trend marked by noticeable price fluctuations. The period shows high trading volume accompanying the price falls indicating strong selling pressure. A prominent feature is the rapid price drop on December 5 and December 4 which is associated with exceptionally high trading volume.This sell-off appears to have initiated a period of significant volatility, characterized by large intraday price ranges. While some recovery attempts are noticeable, such as the brief upward movements on December 11 and December 12 these were subsequently met with selling pressure. Specifically the price failed to maintain the 0.02 levels again after December 12 showing weakness.
The price action after December 12 suggests a consolidation phase. This is evidenced by a series of trading days that do not exhibit strong price direction, and daily close prices fluctuating between 0.015 and 0.02. The lower highs and lower lows during the majority of mid December confirm the ongoing bearish trend. Significant is the large price ranges recorded between December 17 and December 20 which are accompanied by high trading volume indicating investor indecision and price exploration at new lower price levels.
Notably, the trading volume begins to decrease from December 20 through the new year, suggesting a decline in strong selling pressure, however there is no clear buy-in signal yet and price still trending down with minor corrections.Towards the end of December, the price shows initial signs of a potential bottoming process but lacks conviction. The price attempts a rally on December 29 but fails at 0.018 and the price fell, and finally the price recovered on December 30 and closed at 0.0163 but that’s quickly sold down by December 31 before settling at 0.01609, before finally ending at 0.01574 on Jan 1 2025 The trading volume by the beginning of the new year dropped dramatically, which aligns with typical market holiday activity and market participants reduced activity.
In conclusion, the dominant trend is bearish that leads to consolidation phase. The price appears to be seeking a bottom but lacking a definitive positive reversal signal. There is a potential for a stabilization, however the low volume at the beginning of the new year does not give much direction currently. The price levels between 0.014 and 0.017 are important levels for near term price watch as this appears to be a new consolidation channel. Future price movement is likely to depend on whether these levels can act as support or resistance to break the trend. Further price movements could involve a breakout from current consolidation with potential upward movements if the 0.017 resistance level is broken through convincingly. Alternatively, failure to penetrate the resitance could bring further declines to form a bigger lower channel. The trend is still bearish at the start of 2025 but near term there is possibility to test resistance between 0.017 and 0.02 if enough buyers show up in market, which is lacking currently.
