FRED is currently trading within a well-defined horizontal channel, attracting significant attention as it’s closely associated with PNUT, which previously reached a peak market cap of 2.42B. Market sentiment suggests FRED has the potential to reach at least half of those levels, making the current price an attractive entry point for early positioning
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.