Echelon Prime (PRIME)
1. Fundamental Analysis
1.1 Introduce
Parallel is a sci-fi trading card game with an opt-in economy through NFTs and PRIME. It is the inaugural game partner of the Echelon ecosystem. When using a deck of NFT cards in Parallel, players can earn PRIME through Gameplay. Parallel TCG is currently in its first phase of early access - closed alpha.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | PRIME | Market Cap | 671889611.8 |
| Name | Echelon Prime | White Paper | -- |
| Web Site | https://parallel.life/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 111111111 | |
| Supply | 111111111 | Release Date | |
| Available Supply | 52929700 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 12.563 | 12.863 | 12.52 | 12.564 | 274687.631061 |
| 2024-12-31 | 13.618 | 14.058 | 12.559 | 12.559 | 3330444.466335 |
| 2024-12-30 | 12.261 | 14.018 | 12.176 | 13.664 | 2673578.406961 |
| 2024-12-29 | 12.593 | 12.602 | 11.824 | 12.262 | 1908277.660816 |
| 2024-12-28 | 11.714 | 12.879 | 11.65 | 12.59 | 1976842.537134 |
| 2024-12-27 | 11.131 | 11.879 | 10.976 | 11.648 | 1610851.276139 |
| 2024-12-26 | 11.757 | 11.872 | 10.96 | 11.131 | 1689102.732137 |
| 2024-12-25 | 11.716 | 12.173 | 11.569 | 11.757 | 1419057.22855 |
| 2024-12-24 | 10.759 | 11.84 | 10.473 | 11.716 | 1719731.97853 |
| 2024-12-23 | 10.159 | 10.962 | 9.982 | 10.763 | 2124291.873841 |
| 2024-12-22 | 10.363 | 10.542 | 9.95 | 10.174 | 2416279.150326 |
| 2024-12-21 | 11.052 | 11.615 | 10.236 | 10.333 | 2660198.787644 |
| 2024-12-20 | 10.95 | 11.381 | 9.3 | 11.091 | 3655979.71817 |
| 2024-12-19 | 12.031 | 12.203 | 10.339 | 10.959 | 2443199.383312 |
| 2024-12-18 | 13.51 | 13.742 | 11.956 | 11.986 | 2099931.296445 |
| 2024-12-17 | 15.17 | 15.21 | 13.425 | 13.486 | 1596374.424833 |
| 2024-12-16 | 14.805 | 16.56 | 14.253 | 15.17 | 2502209.819664 |
| 2024-12-15 | 13.923 | 14.887 | 13.73 | 14.789 | 1724478.013865 |
| 2024-12-14 | 14.2 | 14.76 | 13.649 | 13.906 | 1710496.02134 |
| 2024-12-13 | 14.815 | 15.211 | 13.948 | 14.206 | 2812139.174787 |
| 2024-12-12 | 15.967 | 16.189 | 14.718 | 14.805 | 2819023.402787 |
| 2024-12-11 | 14.056 | 16.024 | 13.634 | 15.964 | 2890651.789629 |
| 2024-12-10 | 14.349 | 14.858 | 12.971 | 14.085 | 3598603.237339 |
| 2024-12-09 | 15.32 | 15.333 | 12.702 | 14.369 | 2861349.668935 |
| 2024-12-08 | 15.288 | 15.58 | 14.727 | 15.3 | 2258120.150812 |
| 2024-12-07 | 16.125 | 16.285 | 15.298 | 15.3 | 2472795.32309 |
| 2024-12-06 | 15.275 | 16.652 | 14.808 | 16.125 | 4892106.750359 |
| 2024-12-05 | 14.101 | 15.643 | 13.327 | 15.286 | 8120088.295608 |
| 2024-12-04 | 13.147 | 14.28 | 12.55 | 14.103 | 5789190.696175 |
| 2024-12-03 | 13.028 | 13.477 | 11.943 | 13.163 | 4396226.950114 |
2.2 Analysis
The recent price action shows a strong downward trend culminating in a significant drop around December 31st, followed by a period of consolidation and subsequent attempts at recovery which have ultimately failed. Short-term volatility is expected to continue, however, a sustained upward trend is unlikely in the immediate future. Further downward pressure is probable, with potential support levels around the 10-11 price range. Long-term outlook remains bearish unless significant bullish catalysts emerge.
