Milo Inu (MILO)
1. Fundamental Analysis
1.1 Introduce
In a dog world, lived a dog called Milo which is an average dog that can be seen across the street, living in the lowest level of the dog community, Milo get treated unfairly by the others. Despite, being treated in such unfair manner, not only does Milo did not give up but strong sense of justice is born within it. While Milo is looking for a way to solve starvation, it too insist on carrying out the duty as a partner of justice. Which later Milo is adopted by another mysterious dog that saw the inner good within Milo. That mysterious dog taught Milo on the art of the self-defense which is meant to be used to protect others. And so, Milo started its journey to help the comrades that he parted way with back then.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MILO | Market Cap | 7847922 |
| Name | Milo Inu | White Paper | -- |
| Web Site | https://www.miloinu.io/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://bscscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 690000000000000 | |
| Supply | 690000000000000 | Release Date | 2022-02-22 |
| Available Supply | 400200000000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The recent K-line daily chart analysis reveals a period of significant volatility and price fluctuation followed by a potential stabilization or downtrend. Initially, there was a strong upward movement starting from the beginning of December, characterized by high volume trading, suggesting strong buying pressure. This upward trend culminated around December 9th, reaching a peak price. After this high the price has shown signs of weakening, with subsequent price action displaying lower highs and lower lows forming a downtrend through the later part of December. The volume has decreased significantly from its peak, indicating waning strength or uncertainty in the prior upward momentum. The final days of December show a continued downward trend, with prices steadily declining, finally closing and reaching its lowest point on 2025-01-01. Notably, the volume continued to sharply contract toward the end of December, even in price decline. This could indicate either selling pressure drying out or that the remaining sellers are not as active as prior buyers. The final data point indicates little volume and a new low, further suggesting potential continued weakness or a consolidation phase before any upward trend can be hoped for. The general trend shifted from a strong uptrend to a downtrend, indicating a shift in investor confidence and market sentiment. Future price actions will likely involve continued price declines until new buying pressure enters the market. A consolidation phase could also occur if the selling pressure eases. It is crucial to closely monitor volume, as any sustained increase could signal a potential trend reversal.
