Skull Of Pepe Token (SKOP)
1. Fundamental Analysis
1.1 Introduce
SKOP merges the skull with the iconic charm of Pepe, creating a rebellious and entertaining crypto token. Inspired by the SKULL of Pepe NFT collection by Trystan and developed by Jaggedsoft, SKOP is for you, for me, for the community, and for the culture!
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | SKOP | Market Cap | 3346050 |
| Name | Skull Of Pepe Token | White Paper | -- |
| Web Site | https://SKOP.MEME | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://basescan.org/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 10000000000 | |
| Supply | 10000000000 | Release Date | 2024-05-30 |
| Available Supply | 150000000 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The provided data paints a picture of significant price volatility and shifting momentum over a relatively short period. The period begins with a noticeable uptrend, highlighted by considerable volume, suggesting strong buying pressure and investor enthusiasm culminating around December 20th. This positive sentiment however began to wane, giving way to range bound consolidation as selling pressure starts to match buying interest. Subsequently we then clearly observe a sharp and decisive corrective phase beginning around December 21st. This is initially characterized by some consolidation but then quickly becomes a capitulation by the 25th of December, with the price hitting a local low for the observation period and significant volume increasing. The following sessions show recovery from the lows beginning with an early December 26th rally and then further consolidation before a renewed sharp push up to December 30th. The price on December the 30th is clearly a rejection of resistance, with a long pin bar candlestick forming. The following day is then a clear reversal with a sharp drop and then we see a final move downwards on the first day of the new year.
The technical indicators are strongly suggesting we are experiencing a bearish trend right now. Volume at the recent peaks has been significant, but on the following correction the volume remains very high showing persistent sellers. The recent move on the 26th of December would signal the end of the initial correction, however this has been quickly rejected and now we are seeing another wave of negative movement. The large spike down on the 31st of December is critical as it indicates we are more than likely to see further downward price action. The data shows a period of high uncertainty and intense conflict between bulls and bears, with the most recent price action clearly dominated by sellers. The extended tails seen in many of the candlesticks also add support to the overall feeling of market indecision.
Looking forward, this suggests further decline is probable. The recent price action has invalidated any upward pressure that once existed. The volatility of the observed data also indicates a period of uncertainty and that we should expect to see large ranges over the next few periods. It is unclear if current support will hold and further price action is strongly suggesting further downside price action. The trend is decisively downward, and any attempt to establish an upward move will likely face significant resistance from the strong sellers who currently control the market. The price levels are clearly in a declining pattern, and as such it is probable this will continue with further capitulation likely. A clear period of distribution now seems likely without any other fundamental news to reverse this trend. Whilst there may be some short lived buying, the overall trend has now shifted and we are likely to see a continuation of this trajectory.
