SNPT

Fundamental Analysis

Introduce

SNPIT (read: Snap-it) is a P2E GameFi/DePIN project where you can use camera NFTs to take photos, build a photo database network and participate in battles to earn rewards.

BasicInfo

Technical Analysis

Kline Data

Analysis

The price exhibited a downward trend over the past 30 days, transitioning from a higher volatility phase in early December to a more stable but lower range towards the end of the month, with a notable sharp spike on December 23rd followed by a subsequent decline. Trading volume was significantly higher in the first half of the period, particularly around December 4th, 7th, and 8th, then decreased substantially later in the month, with an extreme peak on December 26th, suggesting potential bearish pressure. The last two days showed a moderate increase in both price and volume. It suggests a possible consolidation phase with potential for a short-term bullish reversal or a continuation of the downtrend after the minor rebound. However, the overall trend is still bearish, with the most recent data points struggling to recover to levels seen mid-December. The strong volume spikes early in the period point towards significant selling pressure and a distribution pattern which is a critical aspect to observe. Recent increase in volume with the modest price rise could indicate a bear trap.