WHALES ๐ฆ ๐
An analysis of the Whales Market (on Solana) based on the provided data:
Key Metrics
Current Price: $0.17754 (+31.32%)
Market Cap: $17.34M
Holders: 15.43K
Liquidity: $719.27K
Fully Diluted Valuation (FDV): $17.34M
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Moving Averages
MA(7): $0.18405
MA(25): $0.18601
MA(99): $0.22296
The price is currently below MA(7) and MA(25), indicating a possible correction or consolidation phase. The long-term trend based on MA(99) suggests a bearish outlook if the price fails to recover.
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Recent Trading Data
High: $0.22707
Low: $0.17615
Close: $0.17668
Volume: 3,511 tokens
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Analysis
Price Action:
Resistance Levels:
$0.18405 (MA7): Short-term resistance.
$0.18601 (MA25): Mid-term resistance.
$0.22296 (MA99): Strong long-term resistance.
Support Levels:
$0.17615 (Recent low): Key short-term support.
Breaching this level could result in a further decline.
Volume & Liquidity:
Moderate volume of 3,511 indicates steady market participation.
Strong liquidity of $719.27K reduces volatility risks compared to smaller-cap assets.
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Observations:
1. The price surge (+31.32%) indicates recent bullish momentum, but the drop below MA(7) and MA(25) might signal exhaustion or profit-taking.
2. If the price reclaims MA(7) or MA(25), a continuation of the uptrend is likely.
3. Long-term resistance at MA(99) ($0.22296) needs to be breached for a strong bullish outlook.
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