X-EcoChain (MANA3)
1. Fundamental Analysis
1.1 Introduce
X-EcoChain – A revolutionary BTC Layer-2 platform designed to regenerate value for multi-inscription assets. By leveraging its core protocol suite, X-EcoChain transforms Bitcoin inscriptions into native X-EcoChain assets, unlocking staking and native gas capabilities.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MANA3 | Market Cap | 641471.25 |
| Name | X-EcoChain | White Paper | -- |
| Web Site | https://x-ecochain.com | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bscscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 500000000 | |
| Supply | 500000000 | Release Date | 2024-12-12 |
| Available Supply | 6125000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The provided K-line data reveals a significant price volatility pattern.
The period from 2024-12-12 to 2024-12-17 particularly highlights extreme fluctuations, with a dramatic price increase from 0.0501 to 0.11446 on 2024-12-12 followed by a gradual consolidation and some corrections characterized by the increase in traded volumne. This suggests a potential shift in market sentiment, triggering buying pressure. Prior to that date prices were showing only minor swings.
There was a huge increase in volumne on 2024-12-12 and 2024-12-17 which confirms a market behavior change.
Following the initial surge, the price appears to have entered a period of consolidation, with relatively smaller daily price movements. From 2024-12-18 till 2024-12-25 there s a clear uptrend with some minor spikes in the price.
The volume during this phase remains high compared to the fluctuations prior to 2024-12-12, indicating that there is still active interest in the market.
Post 2024-12-25 there is an indication that some profit taking could be initiating as we see a downtrend occurring in the price with decreasing volume in recent days. The first day of the new year, 2025-01-01 has a price that is the lowest of the last month and suggests weakness and a reversal in trend.
The data indicates a potential change in market structure, with a significant volatility phase followed by a consolidation and potential downtrend. The large volume spikes appear to accompany trend changes suggesting the presence of large traders or investors initiating these swings.
The initial large price spike seen in 2024-12-12 is quite out of line with what had been occurring previous to this day. The price went from 0.0501 to 0.11446 on just this day, which suggests a significant change in market sentiment. This day would be considered the start of a new trend, uptrend, which has had some minor corrections, but generally prices have been increasing. In recent days since reaching the high of 0.1169, prices have retreated down to 0.10504.
To predict future trends, I would note the following:
1)The decreasing volume recent days combined with the downtrend in prices suggests a lack of buying interest and further correction is possible.
2) The large price swing indicates a highly volatile market that can swing with relative ease.
3)The change in volume on 2024-12-12 suggests that there is a potential for further price swings and that the market could reverse course quickly.
Overall, the trend prior to 2024-12-12 was one of stable price movement, prices have been highly volatile since that time but have been trending upward till near the end of the month and now appears to be reversing. There is some evidence the asset price was potentially manipulated which caused the large price swing on 2024-12-12 and further price swings are expected. Based on the recent price downtrend and low volume, the future trend could be a potential continuation of the downward move in prices.
