VELA
Fundamental Analysis
Introduce
Vela Exchange is a next generation perpetual trading DEX with best-in-class trading tools, community support, and fast execution / settlement. Created to provide traditional finance-like capabilities for decentralized trading, Vela Exchange mixes a strong user experience with incentivization programs to create a thriving ecosystem.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | VELA | Market Cap | 348714.064 |
| Name | Vela Exchange | White Paper | -- |
| Web Site | https://www.vela.exchange/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://arbiscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 50000000 | |
| Supply | 50000000 | Release Date | |
| Available Supply | 16813600 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.0214 | 0.02265 | 0.01948 | 0.02074 | 3900.649342 |
| 2024-12-30 | 0.02163 | 0.02264 | 0.01992 | 0.02133 | 5329.5274396 |
| 2024-12-29 | 0.02228 | 0.02302 | 0.02152 | 0.02205 | 3822.1011358 |
| 2024-12-28 | 0.02257 | 0.02341 | 0.02187 | 0.02203 | 1938.1962786 |
| 2024-12-27 | 0.02267 | 0.02346 | 0.0221 | 0.02255 | 1465.8523648 |
| 2024-12-26 | 0.02212 | 0.02313 | 0.02187 | 0.02271 | 3416.3450179 |
| 2024-12-25 | 0.02298 | 0.02353 | 0.02159 | 0.02217 | 4247.890873 |
| 2024-12-24 | 0.02297 | 0.0235 | 0.0226 | 0.02299 | 2200.0183419 |
| 2024-12-23 | 0.02344 | 0.02344 | 0.02274 | 0.02291 | 1424.3604972 |
| 2024-12-22 | 0.02256 | 0.02345 | 0.02205 | 0.02327 | 4637.8691374 |
| 2024-12-21 | 0.02306 | 0.02468 | 0.02192 | 0.02234 | 2730.8876891 |
| 2024-12-20 | 0.02413 | 0.02442 | 0.02027 | 0.02235 | 5250.3248398 |
| 2024-12-19 | 0.02504 | 0.02699 | 0.02269 | 0.02429 | 6179.3301478 |
| 2024-12-18 | 0.02812 | 0.02873 | 0.02467 | 0.02467 | 6953.0572295 |
| 2024-12-17 | 0.02957 | 0.03031 | 0.02712 | 0.02828 | 3123.4653629 |
| 2024-12-16 | 0.03017 | 0.03094 | 0.02867 | 0.02981 | 2655.1248662 |
| 2024-12-15 | 0.02766 | 0.03069 | 0.02766 | 0.03069 | 4212.1308766 |
| 2024-12-14 | 0.0324 | 0.03312 | 0.0276 | 0.02779 | 5755.1410977 |
| 2024-12-13 | 0.03229 | 0.03367 | 0.03164 | 0.0327 | 6038.3384626 |
| 2024-12-12 | 0.03277 | 0.03372 | 0.03103 | 0.03201 | 5204.8655865 |
| 2024-12-11 | 0.03278 | 0.03388 | 0.03176 | 0.033 | 2730.3273107 |
| 2024-12-10 | 0.03139 | 0.03383 | 0.02981 | 0.03254 | 4464.689622 |
| 2024-12-09 | 0.03409 | 0.03556 | 0.03062 | 0.03062 | 3117.6215613 |
| 2024-12-08 | 0.03463 | 0.03554 | 0.03315 | 0.03381 | 2477.2885179 |
| 2024-12-07 | 0.03629 | 0.03802 | 0.03354 | 0.03474 | 6276.6489377 |
| 2024-12-06 | 0.0365 | 0.03792 | 0.03449 | 0.03578 | 6869.8773633 |
| 2024-12-05 | 0.0357 | 0.03896 | 0.0346 | 0.03591 | 7589.659363 |
| 2024-12-04 | 0.03724 | 0.04499 | 0.03369 | 0.03621 | 25625.7211863 |
| 2024-12-03 | 0.03079 | 0.04302 | 0.02932 | 0.03772 | 15772.2331202 |
| 2024-12-02 | 0.02958 | 0.03361 | 0.02797 | 0.03118 | 12919.0548329 |
Analysis
The analysis reveals a downward trend over the past 30 days, with significant volatility indicated by large price swings and volume fluctuations. The price has generally decreased from a high in early December to lower levels at the end of the month. Initial high volatility and large volumes, particularly around December 4th and 3rd, suggest a major price adjustment or market event. From mid-December onwards, price fluctuations and volumes have decreased compared to the beginning of the month. The closing price has been relatively stable in the last week, with slight variations. The overall trend suggests a potential bearish sentiment and decreasing momentum. Current price levels are near the low end of the observed 30-day range, potentially indicating an area of support. However, a lack of strong upward movement or increasing volumes suggests a continued bearish or consolidation phase may be expected in the short term.
