VRT

Fundamental Analysis

Introduce

Venus Protocol (“Venus”) is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Smart Chain.

BasicInfo

Technical Analysis

Kline Data

Analysis

The data exhibits high volatility with significant price fluctuations across the 30-day period. Initial trading from 2024-12-02 to 2024-12-09 shows an upward trend with peak price around 2.833e-05. Subsequently, a downward trend is observed with a drop to around 1.925e-05 on 2024-12-21, followed by a period of consolidation with relatively minor swings. The price generally remained within a tighter range between 1.9e-05 and 2.3e-05 with a notable surge to 2.606e-05 and then a fall on 2024-12-21. Trading volume shows sporadic surges, most noticeably on 2024-12-09, 2024-12-10, 2024-12-12, and 2024-12-21 which might indicate increased market activity around those periods. The closing price on the last day is at 2.23e-05 suggesting a slight positive recovery at the end of the period. Despite the recent uptrend on the last day, the overall price action seems mostly range-bound following the initial volatility. Future trends are uncertain, though current price consolidation may precede either a breakout or further decline. Further monitoring of volumes associated with any breakout is crucial in evaluating the next directional move.