Multichain (MULTI)
1. Fundamental Analysis
1.1 Introduce
Multichain is the ultimate Router for web3. It is an infrastructure developed for arbitrary cross-chain interactions.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | MULTI | Market Cap | 5306045.0412482 |
| Name | Multichain | White Paper | -- |
| Web Site | https://multichain.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 | 14541093.5633 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.3731 | 0.3731 | 0.3598 | 0.3632 | 320.174306 |
| 2024-12-31 | 0.3641 | 0.3905 | 0.3557 | 0.373 | 2570.590717 |
| 2024-12-30 | 0.3766 | 0.4013 | 0.3675 | 0.3675 | 7163.937405 |
| 2024-12-29 | 0.3938 | 0.4091 | 0.3716 | 0.3806 | 7311.138531 |
| 2024-12-28 | 0.3939 | 0.4139 | 0.3842 | 0.3938 | 5619.90547 |
| 2024-12-27 | 0.4075 | 0.4193 | 0.376 | 0.3882 | 8426.066325 |
| 2024-12-26 | 0.4086 | 0.4338 | 0.4013 | 0.4085 | 11253.94897 |
| 2024-12-25 | 0.4031 | 0.4491 | 0.3847 | 0.4025 | 21485.686274 |
| 2024-12-24 | 0.3911 | 0.4641 | 0.374 | 0.3985 | 25784.620576 |
| 2024-12-23 | 0.3642 | 0.4613 | 0.3412 | 0.3929 | 23774.422763 |
| 2024-12-22 | 0.3208 | 0.4141 | 0.3029 | 0.3728 | 38921.563056 |
| 2024-12-21 | 0.4475 | 0.468 | 0.2378 | 0.3224 | 68605.268589 |
| 2024-12-20 | 0.4583 | 0.4665 | 0.4356 | 0.4475 | 4360.080521 |
| 2024-12-19 | 0.4665 | 0.4885 | 0.4519 | 0.4694 | 3538.844891 |
| 2024-12-18 | 0.5192 | 0.523 | 0.4648 | 0.4648 | 6838.022026 |
| 2024-12-17 | 0.5177 | 0.5341 | 0.4874 | 0.511 | 17740.236377 |
| 2024-12-16 | 0.5175 | 0.5417 | 0.5093 | 0.5177 | 5994.204755 |
| 2024-12-15 | 0.5449 | 0.545 | 0.4971 | 0.5178 | 7261.05535 |
| 2024-12-14 | 0.5488 | 0.5544 | 0.5178 | 0.5449 | 4815.903094 |
| 2024-12-13 | 0.5436 | 0.591 | 0.5299 | 0.5558 | 12965.40946 |
| 2024-12-12 | 0.5508 | 0.5816 | 0.519 | 0.5451 | 8798.313716 |
| 2024-12-11 | 0.5466 | 0.6043 | 0.527 | 0.5579 | 14791.494654 |
| 2024-12-10 | 0.5663 | 0.5712 | 0.4767 | 0.5498 | 16578.236412 |
| 2024-12-09 | 0.5855 | 0.6044 | 0.547 | 0.5663 | 38046.555745 |
| 2024-12-08 | 0.5881 | 0.8999 | 0.5617 | 0.5899 | 49985.472945 |
| 2024-12-07 | 0.584 | 0.6206 | 0.575 | 0.5892 | 2974.447634 |
| 2024-12-06 | 0.591 | 0.6073 | 0.5473 | 0.576 | 6822.150132 |
| 2024-12-05 | 0.5813 | 0.6074 | 0.5496 | 0.5893 | 5964.048931 |
| 2024-12-04 | 0.5982 | 0.6089 | 0.5488 | 0.5751 | 7551.711441 |
| 2024-12-03 | 0.5841 | 0.6317 | 0.5452 | 0.5929 | 8406.05542 |
2.2 Analysis
The recent price action shows a period of high volatility followed by a consolidation phase. A significant downward trend reversal occurred around December 21st, 2024, suggesting potential support levels near 0.30-0.35. However, subsequent price action indicates a bullish recovery with potential resistance levels around 0.40-0.45 and 0.50-0.55. The overall trend remains uncertain, requiring close monitoring of volume and price action for clearer directional signals. Short-term upward momentum is currently present, but sustained upward movement depends on overcoming the resistance levels mentioned. A break above 0.55 could signal a stronger bullish trend. Conversely, failure to break above resistance and sustained trading below 0.40 suggests continued sideways trading or a potential retest of the December 21st low.
