- The KIMBO crypto is highly volatile and does not trade with fiat currency.
- The crypto has high liquidity based on its market cap.
The market cap of the Kimbo crypto has witnessed a decline of 14.9% in the last 24 hours. This results in a market cap value of $29.576M, and the crypto’s market cap ranking is #820, as per CoinMarketCap.
The traded volume for the crypto has further witnessed a decline of 10.5% over the last 24 hours. The crypto’s traded volume is $2.599M, resulting in a volume ranking of #800. Its volume/market cap ratio is 8.87%.
The crypto further has a circulating supply of 69.42B KIMBO, which is 100% of the maximum supply and the total. Moreover, KIMBO’s fully diluted market cap is worth $29.576M.
The all-time high price for the crypto was recorded on March 18, 2024, at the level of $0.0007147. It is further followed by an all-time low price of $0.00005103, achieved on December 25, 2023. Since then, the price of the Kimbo token has advanced by 735%.
The crypto’s volatility is extremely high at 31.66%, and the fear and greed index shows greed in the Kimbo crypto price. Also, the market cap dominance of the crypto is very low.
KIMBO Crypto Technical Analysis
The KIMBO crypto price broke above the crucial resistance and swing high of $0.00032 and, since then, advanced by 120%. The formation of a higher high swing level followed the breakout in the KIMBO’s price.
The price has further started to witness profit booking from the higher levels, and it is currently forming lower lows and slowly declining to lower levels. Despite this, the crypto’s price is far from the breakout levels.
If the price of the KIMBO crypto declines to the breakout levels and then again forms a bullish pattern at the following level, followed by the breakout of the most recent swing high, a further continuation of the upside in the price might be witnessed.
KIMBO/USD Chart by TradingView.com
The crypto’s price has declined below the 20-day EMA and is moving towards the 50-day EMA, followed by the formation of the bearish candlestick pattern. Thus, the EMAs are trading in a golden cross, but the price shows the possibility of further decline to lower levels.
The MACD and the signal line are trading in a bearish cross and sliding toward the zero level from the highs. It indicates significant profit booking in the price of the crypto.
The RSI is trading at 48.9 and has declined from the overbought zones. It is further followed by the decline below the 14-day SMA, which shows a decline in the momentum of the crypto price.
Summary
Despite recent bullish momentum, KIMBO crypto is experiencing a downward trend, with a potential for further decline, as indicated by technical indicators such as MACD and RSI. Uncertainty looms as it approaches support levels, with its future trajectory dependent on market sentiment and potential reversal patterns.
Technical Levels:
- Support levels: $0.000160 and $0.00032300
- Resistance levels: $0.00060 and $0.000720
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.