Merlin Starter (MSTAR)
1. Fundamental Analysis
1.1 Introduce
The 1st native launchpad and Bitcoin layer2 accelerator on Merlin Chain.Merlin Chain s native launchpad platform is dedicated to unlocking native assets on the Merlin Chain across various protocols, with the goal of expediting asset circulation and ensuring a seamless flow on the Merlin Chain.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MSTAR | Market Cap | 1130713 |
| Name | Merlin Starter | White Paper | -- |
| Web Site | https://merlinstarter.com/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://scan.merlinchain.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-04-17 |
| Available Supply | 80650000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.014422 | 0.014422 | 0.013925 | 0.013951 | 9118.25268775 |
| 2024-12-31 | 0.015799 | 0.015799 | 0.014422 | 0.014422 | 96575.1770563 |
| 2024-12-30 | 0.014488 | 0.016264 | 0.014369 | 0.015785 | 27665.86558635 |
| 2024-12-29 | 0.014641 | 0.014641 | 0.013394 | 0.014493 | 20675.44610598 |
| 2024-12-28 | 0.014349 | 0.015087 | 0.01413 | 0.014787 | 5686.40980197 |
| 2024-12-27 | 0.013647 | 0.015316 | 0.013445 | 0.014207 | 24984.32046846 |
| 2024-12-26 | 0.013046 | 0.013856 | 0.012471 | 0.01358 | 11474.65809209 |
| 2024-12-25 | 0.013917 | 0.013917 | 0.012797 | 0.013046 | 70834.90638274 |
| 2024-12-24 | 0.013202 | 0.013995 | 0.01266 | 0.013948 | 92887.75366361 |
| 2024-12-23 | 0.012671 | 0.013361 | 0.012299 | 0.013196 | 84710.3026664 |
| 2024-12-22 | 0.012588 | 0.013093 | 0.012346 | 0.012628 | 29441.4704559 |
| 2024-12-21 | 0.013459 | 0.014065 | 0.012408 | 0.012552 | 30861.1366914 |
| 2024-12-20 | 0.012661 | 0.013512 | 0.011476 | 0.013434 | 81371.43086918 |
| 2024-12-19 | 0.013087 | 0.014557 | 0.01266 | 0.012707 | 132104.19850031 |
| 2024-12-18 | 0.013688 | 0.0162 | 0.012223 | 0.01305 | 175337.75692543 |
| 2024-12-17 | 0.015288 | 0.015337 | 0.013654 | 0.013679 | 145547.35929001 |
| 2024-12-16 | 0.015323 | 0.015364 | 0.015172 | 0.015266 | 121693.3188707 |
| 2024-12-15 | 0.015429 | 0.01545 | 0.015311 | 0.015325 | 62893.60487822 |
| 2024-12-14 | 0.015537 | 0.01563 | 0.015357 | 0.015367 | 53425.25735974 |
| 2024-12-13 | 0.016143 | 0.016163 | 0.015479 | 0.015525 | 51314.54563467 |
| 2024-12-12 | 0.016768 | 0.016782 | 0.016118 | 0.016147 | 105943.22947959 |
| 2024-12-11 | 0.01659 | 0.01719 | 0.01626 | 0.016769 | 198796.57326831 |
| 2024-12-10 | 0.01707 | 0.0178 | 0.01596 | 0.01661 | 213771.78245632 |
| 2024-12-09 | 0.017669 | 0.01789 | 0.01663 | 0.017129 | 227641.92309203 |
| 2024-12-08 | 0.017419 | 0.01789 | 0.01698 | 0.01767 | 271654.75535161 |
| 2024-12-07 | 0.017429 | 0.01787 | 0.0171 | 0.01739 | 299484.12499577 |
| 2024-12-06 | 0.017246 | 0.01779 | 0.01715 | 0.017419 | 272723.26760725 |
| 2024-12-05 | 0.017 | 0.018088 | 0.016572 | 0.01725 | 302505.29346647 |
| 2024-12-04 | 0.01571 | 0.01781 | 0.01522 | 0.017009 | 250802.36247563 |
| 2024-12-03 | 0.01539 | 0.01599 | 0.01498 | 0.01571 | 249454.97166172 |
2.2 Analysis
The recent price action shows a period of consolidation followed by a significant upward trend, culminating in a peak around December 10th, 2024. Subsequently, a notable correction occurred, leading to a lower price range, although volume remains relatively high throughout the observed period suggesting continued interest. The current trend suggests a potential period of sideways movement or a slight downward correction in the short-term, before another potential upward swing. However, sustained upward momentum requires confirmation above previous resistance levels. Close monitoring of volume and price action around key support and resistance levels is crucial for determining the next significant trend. Caution is advised, as volatility is expected to persist.
