SIN

Fundamental Analysis

Introduce

‘Sinverse’ is a Metaverse multi-player game built on Blockchain Technology. The background of the game is based on the most controversial Cities of the world, where digital real estate is available to be purchased. Users can buy this land to develop and build their empire. The aim of the game is to become the ultimate Kingpin. This will be a highly social orientated platform, where you can build clubs for your friends to hangout, venues for online events or even compete in underworld activities to win in-game rewards.

BasicInfo

Technical Analysis

Kline Data

Analysis

The analysis reveals a volatile period with a general downward trend over the past 30 days. The price initially experienced a sharp decline from around 0.0052 to 0.0032, followed by a period of fluctuation between 0.0031 and 0.0047. Recently, there has been a slight rebound, closing at 0.00384 on the last day. Trading volume has been uneven, generally higher during periods of price swings, and noticeably increased on days of strong upward price movement like the 25th of December. The overall trend suggests a bearish sentiment, but recent price action shows some potential for a short-term recovery. The data shows the highest price appeared on December 6th reaching 0.00573 while the lowest price appeared on December 22nd reaching 0.003113. The price is currently consolidating with low volume and seems to have a slight upward momentum. A key point to look at is if the price breaks the recent 0.0038 resistance and increases the volume. A break above 0.0038 could potentially signal a continuation of the short term bullish trend.