DATA (Streamr DATAcoin) Token Analysis 13/04/2021

BINANCE:DATAUSDT   Streamr DATAcoin / TetherUS
Streamr is a distributed open-source project, crowdfunded in 2017. The project's goal is to build the decentralized infrastructure for real-time data, replacing centralized message brokers with a global peer-to-peer network. By relying on cryptography instead of trust, the open-source network aims to enable data sharing and monetization in IoT and smart cities, business consortia, individual crowd selling through Data Unions and the decentralized web (Web 3.0).

The Streamr tech stack includes a pub/sub messaging network, data marketplace to trade and crowdsell real-time data, and a real-time data toolkit.

The live Streamr price today is $0.207965 USD with a 24-hour trading volume of $24,721,262 USD. Streamr is down 3.88% in the last 24 hours. The current CoinMarketCap ranking is #301, with a live market cap of $180,773,471 USD. It has a circulating supply of 869,250,679 DATA coins and the max. supply is not available.

The top exchanges for trading in Streamr are currently Binance, BiONE, HitBTC, BKEX, and Bitfinex.

Technical Analysis:
The Token has done its initialization and Accumulation phase followed by an impulsive wave.
currently the price is at the retracement phase after a distribution at the 61.8% or the Golden zone of the Fibonacci Retracement
There exist a strong support area at 0.125USD

There are total of 3 Targets Defined by Fibonacci Projection where as the 2 TP is confirmed and 3 TP gets its confirmation after the 2 Target achievement followed by some retracement and price correction.
Trade active: Rebuying at 0.1 USD


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