ZLK

Fundamental Analysis

Introduce

Zenlink is an underlying cross-chain DEX protocol based on Polkadot and is committed to become the DEX composable hub of Polkadot. By accessing the ultimate, open, and universal cross-chain DEX protocol based on Substrate, Zenlink DEX Protocol enables all parachains to build DEX and achieve liquidity sharing in one click. Zenlink DEX Protocol includes Module, WASM, and EVM implementations, which are flexible and adaptable, allowing for customizable compositions and interoperability with different DeFi modules.

BasicInfo

Technical Analysis

Kline Data

Analysis

The data shows a highly volatile period with significant price swings. Initially, the price exhibited a downward trend from early December, characterized by higher highs and lower lows. There was a notable price surge mid-December, followed by a sharp decline, with a subsequent period of consolidation. The recent trend suggests a potential bottom formation around the 0.008 area with decreased trading volume, although the last day experienced an extreme price drop. The overall market structure exhibits a lack of clear directional conviction. The trading volume generally increased during the initial price surge and then decreased, especially during consolidation phases. The 30-day period reveals a bearish tendency overall, but with high volatility and recent consolidation potentially forming a base. Based on this, the market is currently showing signs of potential upward reversal but is still very vulnerable to any bearish move due to the lack of strong buying pressure. The immediate future could be a period of consolidation or a slight rebound if buying volume picks up, but a new downtrend could also occur if sellers regain control.