WELL
Fundamental Analysis
Introduce
Moonwell is an open lending and borrowing DeFi protocol on Moonbeam. At launch, Moonwell will support DOT, GLMR, wBTC, ETH, USDC, and FRAX. Previously, Moonwell Apollo was launched on Moonriver and rapidly became the largest DeFi protocol in the broader Polkadot ecosystem, with over 300m TVL. The Moonwell community focuses on the security and safety of user funds, with multiple audits and a bug bounty program in partnership with ImmuneFi.
BasicInfo
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | WELL | Market Cap | 168969493 |
| Name | Moonwell | White Paper | -- |
| Web Site | https://moonwell.fi/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://blockscout.moonbeam.network/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 5000000000 | |
| Supply | 5000000000 | Release Date | |
| Available Supply | 3134870000 |
Technical Analysis
Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2024-12-31 | 0.05684 | 0.05873 | 0.05289 | 0.05297 | 226474.009197 |
| 2024-12-30 | 0.05958 | 0.06152 | 0.05604 | 0.05684 | 251961.72808 |
| 2024-12-29 | 0.0608 | 0.06099 | 0.05812 | 0.05961 | 175957.336424 |
| 2024-12-28 | 0.06059 | 0.06171 | 0.05968 | 0.06083 | 155757.30068 |
| 2024-12-27 | 0.06171 | 0.06417 | 0.05998 | 0.0606 | 230144.383382 |
| 2024-12-26 | 0.06487 | 0.0654 | 0.06051 | 0.06171 | 184299.318412 |
| 2024-12-25 | 0.06519 | 0.06633 | 0.0644 | 0.06483 | 168939.404244 |
| 2024-12-24 | 0.06502 | 0.06817 | 0.06289 | 0.06522 | 462245.563454 |
| 2024-12-23 | 0.0631 | 0.06619 | 0.06078 | 0.06493 | 366083.378846 |
| 2024-12-22 | 0.06517 | 0.06694 | 0.0616 | 0.0631 | 256705.347802 |
| 2024-12-21 | 0.06894 | 0.07142 | 0.06446 | 0.06516 | 427096.487557 |
| 2024-12-20 | 0.06696 | 0.06951 | 0.0573 | 0.06886 | 993950.942839 |
| 2024-12-19 | 0.07299 | 0.07538 | 0.06363 | 0.06701 | 1114238.799415 |
| 2024-12-18 | 0.08175 | 0.08351 | 0.07229 | 0.07294 | 1631019.264163 |
| 2024-12-17 | 0.09057 | 0.09073 | 0.08114 | 0.08176 | 1116536.579517 |
| 2024-12-16 | 0.08421 | 0.09651 | 0.08349 | 0.09054 | 5126237.091123 |
| 2024-12-15 | 0.08429 | 0.08723 | 0.08014 | 0.08419 | 1771575.64796 |
| 2024-12-14 | 0.08568 | 0.09029 | 0.08193 | 0.08429 | 1438627.297233 |
| 2024-12-13 | 0.08024 | 0.08926 | 0.07645 | 0.08568 | 3247576.551718 |
| 2024-12-12 | 0.08294 | 0.08588 | 0.079 | 0.08036 | 1545217.4233 |
| 2024-12-11 | 0.0791 | 0.08511 | 0.07703 | 0.08293 | 1346695.990357 |
| 2024-12-10 | 0.08129 | 0.08466 | 0.07437 | 0.07939 | 1963942.615758 |
| 2024-12-09 | 0.09458 | 0.09459 | 0.07606 | 0.08141 | 1851100.638671 |
| 2024-12-08 | 0.09178 | 0.09526 | 0.08669 | 0.09469 | 1802860.750175 |
| 2024-12-07 | 0.08203 | 0.09525 | 0.07857 | 0.0917 | 2234866.186971 |
| 2024-12-06 | 0.07488 | 0.08411 | 0.07186 | 0.08195 | 2313658.226914 |
| 2024-12-05 | 0.08014 | 0.08034 | 0.07003 | 0.07492 | 1910630.459683 |
| 2024-12-04 | 0.06347 | 0.08635 | 0.06332 | 0.08022 | 2601311.444375 |
| 2024-12-03 | 0.06653 | 0.06684 | 0.0613 | 0.06347 | 926909.32234 |
| 2024-12-02 | 0.06637 | 0.06812 | 0.06053 | 0.06647 | 1078995.79482 |
Analysis
The analysis reveals a downtrend over the past 30 days. The price has decreased from a high of 0.09651 to a low of 0.05289. There is significant selling pressure, especially noticeable in the large volume spikes on 2024-12-16 and 2024-12-04. The most recent closing price indicates a continued downtrend momentum. The recent price action suggests a lack of strong buying interest. The overall sentiment is bearish, and further price declines are likely. A potential support level could be near the 0.05289, but this level might not hold given the existing trend. The volume analysis suggests that the downtrend is supported by active selling. Future trends are expected to be bearish with the possibility of price consolidation near or below 0.05289, if no positive catalyst occurs.
