Fundamental Analysis

Introduce

Self Chain is the first Modular Intent-Centric Access Layer1 blockchain and keyless wallet infrastructure service using MPC-TSS/AA for multi-chain Web3 access. The innovative system simplifies the user experience with its intent-focused approach, using LLM to interpret user intent and discover the most efficient paths.

BasicInfo

NameValueNameValue
SymbolSLFMarket Cap31602600
NameSelf ChainWhite Paper--
Web Sitehttps://selfchain.xyz/Is ICONone
Wallet--Raised Funds-
Source--Distribution-
Explorerhttps://explorer.selfchain.xyz/Algorithm--
Forum--Proof--
Mining Total360000000
Supply360000000Release Date2024-08-30
Available Supply97000000

Technical Analysis

Kline Data

DateOpenHighLowCloseVolumn
2024-12-310.32390.34780.31270.324788286.952484
2024-12-300.33770.34580.31240.3239197687.521129
2024-12-290.32580.39840.32370.339985660.557154
2024-12-280.32340.33110.31370.325881873.934866
2024-12-270.30930.34520.30630.3217112281.428028
2024-12-260.32710.35040.30330.3083153211.298049
2024-12-250.32890.33480.31640.327150682.980603
2024-12-240.32620.33330.31610.328975443.808698
2024-12-230.31640.32980.30670.325974505.47447
2024-12-220.30920.32560.30340.317449792.971361
2024-12-210.31860.34430.3020.309263837.274958
2024-12-200.3160.3320.28340.319373085.157914
2024-12-190.350.36930.30520.31586301.691347
2024-12-180.35860.39370.3480.355495993.132753
2024-12-170.4020.40860.3510.3586252276.7883288
2024-12-160.4685080.47230.39840.4006732784.5259679
2024-12-150.5292080.6768220.4531110.4674761747117.4670704
2024-12-140.5118850.5392480.4920510.5293351245538.0208265
2024-12-130.4846730.5352480.469990.511885466622.4031757
2024-12-120.4860040.4967340.4699470.484673340042.8375529
2024-12-110.4453260.490750.4328110.486004349209.2187757
2024-12-100.4207290.4767820.3897590.445326441392.7341908
2024-12-090.5228420.5252410.3650010.422203340251.8507262
2024-12-080.5109210.5655530.5005960.522842387171.978572
2024-12-070.5221840.5260660.5009610.510921292478.9188759
2024-12-060.5015540.5275510.4922870.522184321239.2003821
2024-12-050.5132460.527550.4845750.504199269622.8689686
2024-12-040.5199810.5312720.4910940.513246138730.5020655
2024-12-030.5037450.5352310.4736910.52573738129.8326376
2024-12-020.5380010.5403260.4798860.50367658723.634389

Analysis

The asset experienced a significant downtrend from a high of 0.6768 on Dec 15th to a low of 0.302 on Dec 21st, followed by a period of consolidation and minor recovery. Volume has significantly decreased from Dec 15th, suggesting weakening selling pressure after the downtrend. Recent price action indicates range-bound trading between approximately 0.30 and 0.35, showing no clear directional trend. The last few days show relatively low volatility, with small daily price fluctuations and a noticeable absence of strong price movements, hinting a potential bottom is formed. A weak uptrend is observed in the last 5 days with minor increase in prices and stable volumes. The overall trend appears bearish, but signs of stabilization are emerging in the short term, with a potential for a minor rebound.

News Analysis

News

  • 20241223

    • SLF PRICE NEW LOW ↓
  • 20241222

    • SLF PRICE NEW LOW ↓
  • 20241216

    • SLF EMA Death Cross ↓
  • 20241215

    • SLF VOL TIMES
  • 20241214

    • Self Chain has launched a governance website and will support SLF holders to vote on governance proposals ↑
  • 20241213

    • Self Chain has launched a governance website and will support SLF holders to vote on governance proposals ↑
  • 20241210

    • SLF MACD Turning Negative ↓
  • 20241209

    • SLF PRICE NEW HIGH ↑
  • 20241208

    • SLF PRICE NEW HIGH ↑
  • 20241205

    • SLF PRICE NEW HIGH ↑
  • 20241202

    • SLF PRICE NEW HIGH ↑
  • 20241201

    • SLF PRICE NEW HIGH ↑

Analysis

The data suggests a volatile period for SLF, characterized by an initial surge in price, followed by a rapid decline. The series of new price highs at the beginning of December indicated a strong bullish momentum, possibly driven by market optimism or speculative buying. The launch of the governance website, while a positive development, did not sustain the upward trajectory. The technical indicators, starting with the MACD turning negative and the EMA death cross, signaled a shift in market sentiment, confirming a growing bearish trend. The subsequent volume increase may indicate a sell-off, further pushing the price to new lows. The repeated occurrences of new price lows underscore a significant and consistent downward pressure. It is highly likely that SLF is experiencing a substantial correction or a potential bear market. The governance website, while a positive feature, has not been sufficient to counteract the strong selling pressure. Future performance of SLF will likely remain bearish in the near to medium term, with potential for short-term rallies, but the overall trend will likely continue downwards until a stabilization point or a change in market sentiment is observed. The downward trend also presents a potential opportunity for short positions in the short term. Given the data, the asset appears to be in a high-risk, high-volatility state.