SHOE

Fundamental Analysis

Introduce

ShoeFy is an innovative decentralized platform that combines Non-Fungible Tokens (NFT) and Fungible Tokens (FT). It is a futuristic NFT project that utilizes cutting-edge DeFi tools to maximize returns. ShoeFy can amplify the NFTs potential by including both farming and staking to generate passive income.

BasicInfo

Technical Analysis

Kline Data

Analysis

The data reveals a generally sideways trend with significant price volatility and fluctuating volume. The initial price movement from the beginning of the data period shows a period of moderate increases followed by fluctuations. There have been some noticeable spikes in volume, particularly around the early December period, indicating moments of heightened trading activity. In the middle and late December the volume has decreased significantly. There are also several days with no volume or extremely low volume, potentially indicating low liquidity or trading inactivity. The price appears to be consolidating within a range, with no clear upwards or downwards trend established. The most recent data points indicate a continuation of this consolidation with a slightly downward bias, suggesting further sideways movement or a small downtrend in the short term. The market currently lacks a strong directional signal. A potential for a breakout either up or down might be building, but further data is required to confirm this hypothesis.