Technicals:
- Bullish divergence in RSI
- Oscillator has outpaced the price signaling buy pressure building up and getting accumulated heavily here
- Indicators have flipped bullish
Fundamentals:
- Undervalued based on total value locked. It's trading at just 0.25 fully diluted / TVL ratio.
- Lowest market cap on Coinbase (just $120M fully diluted)
I think this is going to burst to at least $400 any day now.
- Bullish divergence in RSI
- Oscillator has outpaced the price signaling buy pressure building up and getting accumulated heavily here
- Indicators have flipped bullish
Fundamentals:
- Undervalued based on total value locked. It's trading at just 0.25 fully diluted / TVL ratio.
- Lowest market cap on Coinbase (just $120M fully diluted)
I think this is going to burst to at least $400 any day now.
Comment:
Update: I think we are mere hours away from a blow past $350. The bullish divergence and coil has gotten too strong. And given the low supply, this could be a big single candle incoming.
Comment:
This is the entry point as all indicators are now a confirmed buy with bullish deviation in the RSI.
First target is $330, secondary target is $400.
First target is $330, secondary target is $400.