TXT

1. Fundamental Analysis

1.1 Introduce

Taxa Network is a TEE-enabled blockchain agnostic infrastructure which enables high performance, privacy preserving, interactive smart contracts, namely Taxa Trusted Services. Taxa serves as a middleware component in the layered blockchain design where applications’ business logic and private data are processed with performance, integrity, and confidentiality, and empowers various use cases in performance/privacy-centric scenarios, such as DeFi, NFT, GameFi, data analytics, fintech, advertising, AI, identity etc.

1.2 Basic Info

2. Technical Analysis

2.1 Kline Data

2.2 Analysis

The 30-day OHLCV data indicates a recent downward trend following a period of higher volatility and price fluctuation. While there have been brief periods of upward movement, the overall trajectory suggests a bearish market sentiment. The volume data shows periods of increased trading activity corresponding to significant price changes. Current indications point towards a continuation of the downward trend in the short-term, with potential for a period of consolidation before any significant price reversal. However, there is a possibility of short-term upward corrections, followed by further decreases. Close monitoring of volume and price action is crucial for accurate prediction of the immediate future.