WSIENNA

Fundamental Analysis

Introduce

Sienna Network is a privacy first DeFi protocol with an AMM (Automated Market Maker) Swap feature. A lending protocol and other features will be added later this year. Due to the blockchain technology, Sienna is scalable, which leads to very low GAS fees and almost instantaneous transactions. The privacy of the blockchain also prevents front-running. The privacy protect your wallet and transactions are only visible to you and not publicly available on the blockchain. You can still document your transaction history.

BasicInfo

Technical Analysis

Kline Data

Analysis

The analysis of the 30-day OHLCV data reveals a period of high volatility followed by a stabilization and a possible upward trend in the very recent days.The period begins with relatively lower trading volume and a price range from 0.0126 to 0.0155 in the first half of the observation period, with some occasional spikes and a significant volume increase on December 7th which may indicate a temporary high buying pressure or some kind of market event. In the second half, the price experienced significant downwards adjustments followed by some sideways movements, the price seems to find a bottom and is slowly climbing back up. It also has to be noted that the very last data point indicates a full stability of the market, and the second last also indicates a positive growth.The current price is around 0.01318, which is higher than the low it reached after the initial volatility.Overall, the recent stability and slight upward trend could be a signal for a potential continuation of this pattern in the immediate future with very low volatility.