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.
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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.
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This is the entry point as all indicators are now a confirmed buy with bullish deviation in the RSI.
#any thoughts on Qnt? Fet?