Marinade Staked SOL (MSOL)
1. Fundamental Analysis
1.1 Introduce
Marinade.finance is a liquid staking protocol built on Solana.Select amount of SOL to stake using Marinade liquid staking protocol. In return, you receive liquid SOL (mSol) increasing value with staking rewards.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MSOL | Market Cap | 1052983630.6 |
| Name | Marinade Staked SOL | White Paper | -- |
| Web Site | https://marinade.finance | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.solana.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 4480536 | |
| Supply | 4480536 | Release Date | |
| Available Supply | 4392190 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the provided K-line data reveals a period of significant volatility and potential shifts in market sentiment. From late November into early December there was a notable downward trend followed by a substantial rebound. The period from December 1st to December 11th indicates extremely high trading volume and substantial price fluctuations suggesting market uncertainty and possibly a battle between buyers and sellers.The spike in volume and price action within this period suggests a reaction to previous downtrend that was possibly caused by bad news or an overvalued market the result of which is investors selling their positions. The presence of multiple long candlestick days in December indicate the price is making strong directional moves these large moves however, are also quickly followed by a series of downward price movement that may suggests sell pressure within this price range. The price appears to be establishing a trading range between 260 to 290. From mid-December into early January the market demonstrates a period of consolidation within this price range that is also experiencing periods of high volume and price movement. Overall the price shows signs of bullish activity during this period however, it remains to be seen if this bullish movement can be maintained. The final day on January 1st closes with a bullish candle suggesting that the price may have support at 237 range however the extremely low volume suggest a lack of investor interest in trading at this price level. Looking at the overall trend from November 1 to Jan 1, we clearly see a downward trend in that price moving from the high 300 down to around the low 200 indicating a possible bear market. The trading range noted from mid-December to the end of the data provides an opportunity to capitalize on price swings. The next major price direction will depend on significant trading volume which will likely break the 260 290 range in either direction. In the short term the market appears to be in a state of equilibrium or consolidation. The most important factor to consider in the coming weeks will be volume, a break out of this equilibrium will be more dependable if backed by trading volume. Future trends predict a potential consolidation with a chance of breakout either towards the 300 price point or the 200 price point. The data shows no clear upward or downward price trend, the price is currently in a sideways channel but has established a lower trading range than seen in mid November. The market is currently highly volatile and uncertain and requires close attention to any outside factors that may influence price movement.
