Mice (MICE)
1. Fundamental Analysis
1.1 Introduce
MICE (Mice) is a BRC20 type of Asset.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MICE | Market Cap | 0 |
| Name | Mice | White Paper | -- |
| Web Site | https://unisat.io/brc20/mice | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://mempool.space/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2023-12-04 |
| Available Supply | -- |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis reveals a period of significant volatility followed by a potential stabilization, with a hint of possible upward momentum in the recent sessions. The price has experienced a substantial correction from its highs in early December, finding a potential support level around 0.0011. Initial high volume selloffs are evident corresponding to price declines followed by reduced volumes at lower price regions. After reaching levels below 0.0012, and the latest closing prices suggest a phase of accumulation has possibly initiated. The large volume spike associated with the price decline appears to have exhausted and the volume is progressively diminishing in subsequent sessions. The lack of strong downward pressure and diminishing selling volume might indicate an exhaustion point. The recent price action at the end of the provided period is marked by a series of small range candlesticks which indicate indecision. These small bodied candlesticks after the large drop suggest that the price may be poised to either break up or break down. The closing price on 2025-01-01 is near the prior period low implying that this period has been unable to generate substantial upward momentum. However the decrease in total volume for the latest entry suggests that a potential bullish reaction may be imminent. A very preliminary sign for potential increase is emerging, but the lack of strong buying pressure prevents a clear prediction. Considering the high historical volatility a range bound period is expected. The price action around 0.0012 is crucial for understanding if a potential trend reversal is forming or if the price will continue to range between support levels and the upper bounds defined by the recent price corrections. A close price above 0.00125 would represent a sign that the price is about to begin a upward wave. Overall, the analysis suggests a market transition from a bearish trend towards either a neutral accumulation phase or a bullish trajectory in the near term. The price activity of the next few periods is very much needed to refine any short term trend prediction. The initial high volume sell off appears to be exhausting and now the volume is diminished. This reduced volume has no defined direction, so it is uncertain, and no firm conclusion can be drawn until the market indicates what direction it will move. The market seems to be gathering strength for the next move, which could be significant. It is suggested to be more cautious with any long term position until there is more price confirmation. The future trend prediction is neutral and there is no clear direction.
