Base Secures Third Place in 30-Day NFT Trading Volume, According to DappRadar
Base's NFT Trading Surge: Coinbase's layer-2 network, Base, saw a 70% increase in NFT trading volume over the past month, reaching $47.67 million and securing the third position in the market.
Competitive Landscape: Base surpassed competitors like Immutable zkEVM and Solana in NFT trading volume, with collections such as Get Based and DX Terminal contributing significantly to this growth.
Overall Activity Growth: In addition to NFTs, Base processed over 27 million transactions and had more than $16 billion in decentralized application (DApp) volume in the last 30 days, indicating its rising activity levels.
Ethereum's Dominance: Despite Base's rise, Ethereum remains the leading network for NFTs, recording $408 million in trading volume, while blue-chip collections experienced declines in floor prices.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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