SOV

Fundamental Analysis

Introduce

Sovryn is a non-custodial and permissionless smart contract based system for Bitcoin lending, borrowing and margin trading.

BasicInfo

Technical Analysis

Kline Data

Analysis

The data shows a clear downtrend over the last 30 days. The period can be roughly divided into a period of high volatility, which occurred at the start of the period, followed by a relatively quieter downtrend with less dramatic price changes and decreased volume. The stock experienced a substantial drop from a high of 0.5621 on 2024-12-05 to a low of 0.2939 on 2024-12-31. Volumes were higher during the earlier high-volatility phase and significantly decreased as the price declined. There has been no clear sign of a reversal. There may be minor short-term consolidation but a potential continuation of the downtrend is more likely. The most recent days show a narrow trading range, suggesting potential stability before further price movement. The 2024-12-05 data point exhibits significantly higher volume compared to the rest, suggesting high trading activity on that specific day. The closing price at the end of the period is at a low point, indicating continuing bearish sentiment. There is no indication of strong buying pressure.