TRKX

Fundamental Analysis

Introduce

Trakx is a regulated platform for crypto-index trading, offering thematic Crypto Tradable Indices (CTIs) and strategies.

BasicInfo

Technical Analysis

Kline Data

Analysis

The asset experienced a significant downtrend over the 30-day period. Starting from a high of around 0.020, it has steadily declined to around 0.0088, with noticeable price volatility within the range. Recent price action shows a possible stabilization and slight upward movement, which is accompanied by relatively lower volume.

There is a strong downward trend evident throughout the provided period. Early in the period, there were higher volumes accompanied by relatively higher prices; however, price and volume decreased, showing a lack of strong buying interest and increased selling. The data indicates several attempts to establish support around 0.008, which was broken through several times. The increased volumes associated with some of these downward price moves suggest selling pressure was a major factor. A recent slowing in the price decline, coupled with decreased volume, suggests a potential consolidation period.

The most recent days demonstrate a minor recovery, but this is too short to establish a definite trend reversal. Therefore, given the recent price increase with lower volume, it indicates the need for more evidence to confirm a solid bullish turn. The overall trend remains bearish, and any short-term gains are currently seen as possible corrections within the broader downward move. Future trends will be highly dependent on any potential shift in buying pressure and overall market sentiment.