VELAR
1. Fundamental Analysis
1.1 Introduce
Velar is at the cutting edge of DeFi, offering a Bitcoin Layer 2 agnostic liquidity protocol that s reshaping the financial landscape. With its groundbreaking Perpetual DEX, Velar introduces a first-of-its-kind platform that merges the security and robustness of Bitcoin with the innovative possibilities of DeFi. Aimed at unlocking Bitcoin s potential in decentralized finance, Velar provides a versatile and dynamic ecosystem that empowers users with new financial tools and opportunities, setting a new standard in the integration of Bitcoin into the DeFi space.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | VELAR | Market Cap | 6441995.5 |
| Name | Velar | White Paper | -- |
| Web Site | https://www.velar.co/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://etherscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 1000000000 | |
| Supply | 1000000000 | Release Date | 2024-04-03 |
| Available Supply | 130010000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.04955 | 0.05066 | 0.04909 | 0.04951 | 9236.4081726 |
| 2024-12-31 | 0.051 | 0.05395 | 0.04905 | 0.04905 | 88693.2649922 |
| 2024-12-30 | 0.05289 | 0.0545 | 0.05002 | 0.05073 | 42352.006501 |
| 2024-12-29 | 0.05664 | 0.05696 | 0.05248 | 0.05274 | 59821.0495488 |
| 2024-12-28 | 0.05488 | 0.06071 | 0.0544 | 0.05664 | 64506.1142307 |
| 2024-12-27 | 0.05529 | 0.05794 | 0.0544 | 0.05453 | 52144.3032094 |
| 2024-12-26 | 0.05743 | 0.05877 | 0.05476 | 0.05533 | 53996.1621331 |
| 2024-12-25 | 0.062 | 0.06548 | 0.05704 | 0.05711 | 84068.602648 |
| 2024-12-24 | 0.06346 | 0.06412 | 0.05993 | 0.062 | 61056.0234609 |
| 2024-12-23 | 0.06584 | 0.06596 | 0.05954 | 0.06442 | 87378.9132778 |
| 2024-12-22 | 0.0647 | 0.06851 | 0.06303 | 0.06553 | 79419.4168551 |
| 2024-12-21 | 0.06357 | 0.08235 | 0.06281 | 0.0647 | 162986.0845628 |
| 2024-12-20 | 0.0654 | 0.06781 | 0.05671 | 0.0637 | 71250.7580275 |
| 2024-12-19 | 0.06914 | 0.07152 | 0.06239 | 0.06663 | 51510.2868964 |
| 2024-12-18 | 0.08347 | 0.09053 | 0.06964 | 0.07031 | 105261.3259305 |
| 2024-12-17 | 0.09481 | 0.09688 | 0.08192 | 0.08418 | 84912.581829 |
| 2024-12-16 | 0.09464 | 0.109 | 0.09224 | 0.09462 | 114086.8435892 |
| 2024-12-15 | 0.08166 | 0.09704 | 0.07737 | 0.09467 | 72668.8968854 |
| 2024-12-14 | 0.0783 | 0.08976 | 0.07772 | 0.08166 | 88124.4941145 |
| 2024-12-13 | 0.08331 | 0.08514 | 0.07731 | 0.0783 | 85972.0186915 |
| 2024-12-12 | 0.09074 | 0.09622 | 0.08301 | 0.08331 | 86141.8627361 |
| 2024-12-11 | 0.08718 | 0.09384 | 0.08582 | 0.09157 | 67199.1646778 |
| 2024-12-10 | 0.08861 | 0.09055 | 0.08375 | 0.08762 | 72735.8042559 |
| 2024-12-09 | 0.09975 | 0.09999 | 0.08764 | 0.08897 | 55920.8073353 |
| 2024-12-08 | 0.09788 | 0.1019 | 0.09575 | 0.09974 | 37003.484796 |
| 2024-12-07 | 0.1021 | 0.10334 | 0.09393 | 0.09746 | 109530.7460232 |
| 2024-12-06 | 0.10525 | 0.1111 | 0.09382 | 0.1029 | 110159.0007376 |
| 2024-12-05 | 0.07026 | 0.12023 | 0.06976 | 0.10655 | 364563.8903981 |
| 2024-12-04 | 0.07113 | 0.0765 | 0.06901 | 0.07084 | 120567.1280012 |
| 2024-12-03 | 0.07108 | 0.07995 | 0.06548 | 0.07038 | 74703.9609453 |
2.2 Analysis
The 30-day OHLCV data reveals a period of volatility followed by a potential trend reversal. Initial price action shows significant upward momentum, peaking around December 16th, before experiencing a sharp correction. Subsequent price movement indicates a consolidation phase, with price action suggesting a possible resumption of an upward trend in the near future, though further confirmation is needed. Volume fluctuates significantly throughout the period, correlating with price movements, but doesn’t provide conclusive directional bias. Overall, short-term outlook is cautiously bullish, contingent on sustained price action above key support levels. Longer-term trends require additional data analysis.
