Mecha Morphing (MAPE)
1. Fundamental Analysis
1.1 Introduce
Mecha Morphing is a horizontal action ARPG game based on the meta-universe. The game is set in the future technological era with sci-fi cyberpunk as the background. Because of resource plundering, an international war broke out. Players enter the game as a member of the mecha squad called the “Rogue ones who save the world and maintain peace.The game has five game modes including PVE and two PVP modes, allowing players to develop in multiple fields. Everything in the game, whether you create or discover it, can help you earn money in the process of playing the game.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MAPE | Market Cap | 8772.45 |
| Name | Mecha Morphing | White Paper | -- |
| Web Site | https://www.mechamorphing.com/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bscscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000 | |
| Supply | 100000000 | Release Date | |
| Available Supply | 3137500 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The chart exhibits a predominantly bearish trend over the analyzed period. High volatility spikes are observed, particularly around December 10th, alongside a substantial drop with significant volume on December 18th, suggesting strong selling pressure. A notable recovery attempt followed until December 25th, culminating in a sharp price decline. The later days of the period display low trading volume with a continuation of prices consolidating. Notably absent are sustained upward trends. The market shows signs of prolonged downtrend, followed by minimal fluctuations. The period ending in 2024 shows no buyer interest or consistent activity. There is little clear indication of a reversal with continued small volume and no distinct directional changes, indicating a likely continuation of the current downtrend, or perhaps a period of consolidation at this low price point. Zero volume at the end of the period may indicate a stall in the market. Further observation is essential to confirm or negate this outlook. Overall, the price action suggests a weak market with intermittent volatility, concluding in a period of stagnation. The consistent inability to sustain any rallies highlights a lack of buying confidence in the near term. It remains to be seen if this extended period of consolidation will lead to a reversal. The consistent bearish pressure and lack of upward momentum suggest the market could potentially further decline unless buying volume is sustained. This analysis clearly indicates very bearish sentiment. The consistent weakness, high volatility and low trading activity does not inspire confidence. Given the current lack of significant volume or upward price action, the near term outlook is more likely to experience continuation of bearish sentiment until otherwise indicated. The current price levels seem to be testing the very bottom of the previous downward move.
