- The trading volume of the Friends With Benefits Pro token is consistently declining.
- The volatility of the crypto is also very low resulting in 0.00%.
Friends With Benefits Pro (FWB) is a social token and community-driven platform built on Ethereum. It aims to empower creators and foster collaboration through tokenized memberships.
FWB offers exclusive access to events, content, and experiences, enhancing engagement and relationships among members within the decentralized ecosystem.
The market cap of the Friends With Benefits Pro token is trading flat followed by the last 24 hours and the value of the traded volume of the crypto is $1.35 Million. The market cap ranking of the token is #4756.
Also, the trading volume of the token has declined by 60.3% in the last 24 hours which has resulted in a traded volume of $10.28K. This further has resulted in a traded volume ranking of #4229 as per CoinMarketCap.
Also, the volume/market cap ratio of the crypto is 0.002 and the sentiment of the crypto is also bearish as per CoinCodex. The fear and greed index of the crypto is at 76 which indicates extreme greed.
The trading price of the Friends With Benefits Pro token hit an all-time high price of $196.19 over two years ago. The price of the crypto since then declined by 97% and also the all-time low hit by the crypto is $1.06.
Friends With Benefits Pro Token Supply Overview
The max total supply of the token is 1.0 Million FWB and the fully diluted market cap of the token is $4.069 Million. There are a total of 7.5K holders of the FWB token followed by a total transfer of 50.41K.
FWB Crypto Technical Analysis
The FWB token price is forming a lower low pattern on the weekly timeframe which is followed by a strong downtrend and consistent formation of lower highs on the chart. Furthermore, a strong high at the level of $0.0078200 is formed which is a strong change of character level.
The breakout in the price of the token above the given following change of character level might lead to a reversal in trend to bullish.
FWB/WETH Chart by TradingView
The majority of the technical indicators are giving a strong sell signal on the chart due to a strong downtrend in the token price which has been followed for a long time.
The EMAs can be seen indicating a strong downtrend as the 50 and the 200-Day EMAs are trading in a bearish cross on the chart. The price of the token is also trading below the following crucial EMAs. RSI is under 50 and the 14-day SMA followed by weakness in the momentum. If the RSI continues to decline, we might witness a further decline in crypto price.
Summary
Friends With Benefits Pro (FWB) faces significant challenges as its trading volume declines consistently, reflecting diminished market activity. Followed by a sentiment categorized as bearish and extreme greed evident, the token struggles to regain bullish momentum. Technical analysis reveals a strong downtrend, forming lower lows and highs, with indicators signaling a continued sell-off.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.