Fundamental Analysis

Introduce

Umbrella Network is a community owned, decentralized oracle service providing secure, low cost, and massively scalable data solutions to decentralized finance (DeFi) applications.

BasicInfo

NameValueNameValue
SymbolUMBMarket Cap4773786.531
NameUmbrella NetworkWhite Paper--
Web Sitehttps://www.umb.networkIs ICONone
Wallet--Raised Funds-
Source--Distribution-
Explorerhttps://etherscan.io/Algorithm--
Forum--Proof--
Mining Total447532308
Supply447532308Release Date2021-02-10
Available Supply426269000

Technical Analysis

Kline Data

DateOpenHighLowCloseVolumn
2024-12-310.0112270.0117090.0111140.0111141930.5342669
2024-12-300.0114180.0115430.0111120.0112775316.0842921
2024-12-290.0116570.0123310.0112230.0113877015.5030263
2024-12-280.0111580.0117110.011130.0115364040.1577818
2024-12-270.0117110.0130280.0107990.01116922822.2779193
2024-12-260.0125480.0125480.0112240.01171113287.619183
2024-12-250.0122480.0135970.011880.0124487118.6726151
2024-12-240.0119210.0130490.0117120.0125759330.3220186
2024-12-230.0109780.0118790.0108170.0118791876.233189
2024-12-220.0119510.0125750.0109070.011196833.060796
2024-12-210.0120150.0125280.0110.01188610510.7567218
2024-12-200.0124330.0124370.0104560.01179610966.2231641
2024-12-190.0135550.0137440.0121820.01252917031.9799422
2024-12-180.0141160.0148630.0134060.01355511858.7617583
2024-12-170.0160060.0166850.0139580.01441110081.8581821
2024-12-160.0151010.0176940.0145030.01624619856.5216029
2024-12-150.0147640.0153460.0137050.0149164690.3423152
2024-12-140.0164620.016670.0143660.01477310610.5219985
2024-12-130.0158020.0164090.0154010.0162465775.4000406
2024-12-120.0149090.0171970.0142950.01580118195.5898292
2024-12-110.0140960.0152810.0138960.01493412006.3573213
2024-12-100.0153460.0155250.0133030.01409516232.2555837
2024-12-090.0176940.0184640.0144170.01555230936.4348886
2024-12-080.0160190.0184650.0152780.01737416226.2740678
2024-12-070.0167310.0171970.0155720.01602713135.1828136
2024-12-060.0167160.0182010.0160530.01703912045.4786044
2024-12-050.0172010.0177420.0160.0167168587.7761078
2024-12-040.0176940.01920.0160180.0171999940.3849824
2024-12-030.0154630.01920.0147530.01744417640.6734845
2024-12-020.0159740.0193570.0142260.01545134504.8177817

Analysis

The asset experienced significant volatility over the past 30 days, characterized by a downward trend punctuated by several brief rallies. Initial trading volumes were notably high, particularly on December 2nd and December 9th, suggesting strong market activity. A sharp price drop occurred around December 16th to December 22nd, followed by a period of price consolidation. Subsequently, a gradual downward trend resumed, culminating in a local low on December 31st. Volume has generally decreased after the initial period of high trading activity. The most recent price action shows the asset hovering near its 30-day low, indicating possible continuation of downward momentum. There is no clear indication of a reversal pattern within the 30-day window. The overall sentiment appears bearish with potential for further price decreases. The presence of intermittent large volume days, particularly on December 2nd, December 9th, and December 27th, highlight periods of high uncertainty and strong market reaction. These could suggest key resistance levels that the asset would need to break through for any sustained upward move.