SPIRIT
Fundamental Analysis
Introduce
SpiritSwap is a decentralized exchange (DEX) on the Fantom Opera Network. Traders can easily swap between tokens within our application and get guaranteed rates for the swaps. Each swap on SpiritSwap incurs a fee, which gets distributed between liquidity providers and is used to buy back SPIRIT tokens at market rate, which is then distributed to inSPIRIT holders.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | SPIRIT | Market Cap | 369319.264 |
| Name | SpiritSwap | White Paper | -- |
| Web Site | https://app.spiritswap.finance/#/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://ftmscan.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2021-05-10 |
| Available Supply | 588088000 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.000766 | 0.000985 | 0.000628 | 0.000628 | 2556.498586 |
| 2024-12-30 | 0.000871 | 0.000871 | 0.000711 | 0.000751 | 2326.1812416 |
| 2024-12-29 | 0.000876 | 0.001075 | 0.00084 | 0.00085 | 2889.4505309 |
| 2024-12-28 | 0.001008 | 0.001014 | 0.000853 | 0.000855 | 1294.07064185 |
| 2024-12-27 | 0.001068 | 0.001098 | 0.001008 | 0.001008 | 1009.8067969 |
| 2024-12-26 | 0.001114 | 0.001129 | 0.001074 | 0.001129 | 5072.5931604 |
| 2024-12-25 | 0.00119 | 0.00124 | 0.0011 | 0.001115 | 1483.2120043 |
| 2024-12-24 | 0.001238 | 0.001297 | 0.001158 | 0.00116 | 1397.4510416 |
| 2024-12-23 | 0.001173 | 0.001268 | 0.001168 | 0.001244 | 4535.0270462 |
| 2024-12-22 | 0.001201 | 0.001237 | 0.001151 | 0.001173 | 162.6988462 |
| 2024-12-21 | 0.001207 | 0.001334 | 0.001198 | 0.0012 | 955.2183364 |
| 2024-12-20 | 0.001201 | 0.001442 | 0.0010001 | 0.001198 | 6767.31701175 |
| 2024-12-19 | 0.0013 | 0.001442 | 0.00118 | 0.001257 | 4875.1909719 |
| 2024-12-18 | 0.001652 | 0.001745 | 0.001325 | 0.001376 | 3187.6424179 |
| 2024-12-17 | 0.0018 | 0.001861 | 0.001662 | 0.001796 | 623.627546 |
| 2024-12-16 | 0.001988 | 0.001991 | 0.0018 | 0.00191 | 967.4832414 |
| 2024-12-15 | 0.001708 | 0.002222 | 0.001708 | 0.0019 | 1368.2404735 |
| 2024-12-14 | 0.001861 | 0.001959 | 0.001708 | 0.001708 | 689.5072308 |
| 2024-12-13 | 0.00175 | 0.001855 | 0.00171 | 0.001854 | 430.0348677 |
| 2024-12-12 | 0.001907 | 0.002455 | 0.0018 | 0.0018 | 1534.3203695 |
| 2024-12-11 | 0.001793 | 0.002032 | 0.001792 | 0.001884 | 1614.8945738 |
| 2024-12-10 | 0.001797 | 0.002031 | 0.001769 | 0.001829 | 2840.4732552 |
| 2024-12-09 | 0.002332 | 0.002332 | 0.0017 | 0.001795 | 3198.8669188 |
| 2024-12-08 | 0.0023 | 0.002477 | 0.002254 | 0.002332 | 1269.1214608 |
| 2024-12-07 | 0.002345 | 0.002515 | 0.002282 | 0.002515 | 1346.1019129 |
| 2024-12-06 | 0.002278 | 0.002373 | 0.002152 | 0.002256 | 3036.8085812 |
| 2024-12-05 | 0.002094 | 0.002366 | 0.002029 | 0.002278 | 3967.609986 |
| 2024-12-04 | 0.002286 | 0.002419 | 0.002102 | 0.002107 | 2346.7424666 |
| 2024-12-03 | 0.002697 | 0.002984 | 0.002049 | 0.002414 | 4032.9679986 |
| 2024-12-02 | 0.002442 | 0.002984 | 0.00204 | 0.002307 | 2068.4438225 |
Analysis
The data reveals a sharp downtrend in price from early December, peaking around 0.002984 and then rapidly declining to a low of 0.000628 at the end of the month, indicating strong selling pressure. The volume initially spikes with the price increase and remains volatile, showing varying levels of investor engagement during the downward movement. A significant reversal pattern or consolidation phase is not evident in the last few days, continuing the strong downward momentum. Overall, the price action suggests continued bearish sentiment and a potential further decrease in price. However, the low volume on the final day might signal a weakening of the downward trend, indicating a possible price consolidation or a mild corrective rebound before further downside.
