LIQUID (QASH)

1. Fundamental Analysis

1.1 Introduce

QASH is the ERC20 token of LIQUID platform. LIQUID Platform is lanuched by QUOINE. It s a single globally-sourced trading platform (World Book) with an associated suite of services (Prime Brokerage) that brings together the entire global network of cryptocurrency exchanges to enable the highest level of liquidity to all markets.

1.2 Basic Info

2. Technical Analysis

2.1 Kline Chart

2.2 Analysis

The provided data paints a picture of a market in considerable turmoil, marked by volatility and a recent sharp decline. Initial observations reveal a period of seemingly erratic pricing, with minimal trading activity across multiple days, indicating possible low liquidity or extreme dormancy. The shift away from the high of the 18th of December, which was accompanied by substantial volume, signals the beginning of a corrective phase. This correction appears to have gained significant momentum in late December, culminating in a swift and decisive downward movement. The price, after an initial period of fluctuation centered around a higher range, rapidly retraced its gains as the market struggled to sustain prior price levels.

The series of lower lows and lower closes seen from mid-December demonstrates mounting bearish sentiment and weakened investor confidence. The intermittent minor recoveries only served to provide temporary reprieves before the prevailing downward pressure resumes. The failure to maintain any established floor indicates the absence of strong buy-side support, which further reinforces the bearish outlook. Trading volume generally appears to dry up when prices stabilize and increases during dramatic moves, but this also fluctuates. Of concern is the very low volume of trading in late December, indicating potentially lower interest at all price levels, which may suggest further potential declines should sellers seek to liquidate their holdings.

The final price point of 0.01417, reached on the first data entry of 2025 and accompanied by a significantly elevated volume, serves both as confirmation of the recent bearish shift and as a possible signal of either a climax to a sell-off or the start of consolidation on a new low level. The sharp price decline during the highest trade volume, followed by a continued lower close, suggests a change of market psychology. The sudden and dramatic drop with high trading on 2025-01-01 hints at an exhaustion of the downward trend, but also suggests the emergence of a new range.

In the near term, there’s a high likelihood of continued volatility as the market tries to establish a new equilibrium following this dramatic price adjustment. It would be prudent to expect sideways movement or slight pull-backs in the immediate term as the previous selling pressure exhausts itself. But any rallies will likely meet significant resistance. The medium term future is uncertain, as it will be determined by underlying market sentiment and response to any significant news or events. In the long-term, if the current trend continues, the probability of continued price weakness cannot be dismissed. However, the elevated volume on the first entry of 2025 might lead to some recovery. The most prudent strategy is to observe closely to assess trading behavior and volume patterns to best determine any long-term trend.