mStable (MTA)
1. Fundamental Analysis
1.1 Introduce
mStable unites stablecoins, lending and swapping into one standard.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MTA | Market Cap | 1598502.4 |
| Name | mStable | White Paper | -- |
| Web Site | https://mstable.org/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 100000000 | |
| Supply | 100000000 | Release Date | |
| Available Supply | 49953200 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis reveals a fluctuating price action within a relatively tight range during the observation period. The price experienced a significant upward spike on 2024-12-06 followed by a corrective phase with variable volatility and trading volume. Several instances of long upper shadows indicate selling pressure near higher price points, suggesting potential resistance. There are also short periods of consolidation represented by small price movements and reduced volume. The past few days demonstrate a slight increase in the closing price, however, this does not indicate a strong uptrend. Overall the price action indicates a lack of a strong established trend with neither a compelling bullish nor bearish momentum. The trading volume has considerable variation but no strong correlation with price movement. The period can be described as generally range-bound with short-lived spikes or declines. It would appear that the price has recently attempted to break through resistance, but with limited sustained momentum. Future price movement seems uncertain, potentially following a continuation of the current consolidation phase or a break out with either a continuation of the current upward direction, or another drop to a support level. The trend is unclear; however, the most recent price movement does appear upward suggesting the possibility for a slight increase over a short term period. No clear pattern has emerge beyond the continuous fluctuations. The volume doesn’t show an obvious correlation to the price movement, further complicating the prediction.
