meson.network (MSN)
meson.network is committed to creating an efficient bandwidth marketplace on Web3, using a blockchain protocol model to replace traditional labor-based sales models. Meson Network aims to consolidate and monetize idle bandwidth from long-tail users at a low cost. Meson Network is the foundation of data transmission for decentralized storage, computation, and the emerging Web3 Dapp ecosystem.
1. Basic Info
| Symbol | MSN |
| Name | meson.network |
| Web Site | https://www.meson.network/ |
| Wallet | -- |
| Source | -- |
| Explorer | https://etherscan.io/ |
| Forum | -- |
| Mining | |
| Supply | 100000000 |
| Available Supply | 17456150 |
| Market Cap | 1530904.355 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 100000000 |
| Release Date | 2024-04-29 |
2. Technical
2.1 Kline Price Chart
2.2 Technical Analysis
The analysis reveals a significant downward trend in price from mid-December 2024 to early January 2025, marked by high volatility and substantial trading volume initially, followed by decreasing volume as the price declines. Specifically, the period from December 7th to December 17th showed considerable price fluctuations, with notable highs and lows suggesting strong selling and buying pressures. A peak is observed around December 8th, with a high of 0.1623. Following the peak, the price experienced a sharp correction with notable volume increases suggesting strong selling pressure during this period which pushed the price down and formed some support and resistance levels around 0.118 and 0.141. The period from December 18th to December 31st indicates a consolidation phase with prices bouncing between 0.10 and 0.12. This is followed by a sharp price increase on January 2nd reaching a high of 0.1129, which then quickly reversed, forming a bearish engulfing pattern, coupled with high volume, signalling a potential continuation of the downtrend. The data from January 3rd to 5th shows a consistent downtrend with diminishing trading volume indicating a weakening of the bearish momentum but without clear signs of reversal. The recent trading days show low volumes with a clear downward price movement. The overall analysis indicates a bearish sentiment. Despite price fluctuations, the dominant trend suggests a continuation of the downward price movement in the short term, potentially testing lower support levels. Considering the diminishing trading volume at the end of the period, a potential consolidation phase or a slow downwards movement might be expected in the immediate future before the price potentially attempts to establish a new support or resistance level.
