IMO this likely the bottom. However, the descending wedge shown is only on the hourly so it is not as significant as if it was on a longer time frame. The next major resistance is the other green line above the wedge forming resistance in the downtrend. If we break that, I will be confident this is the real bottom and we will break to new highs within a few weeks. Fundamental analysis is that there are currently 723 million coins staked so really there is only about 500 million for trading. I am long for now from about 0.39 and likely into next year.
That is not a true statement .
The Locked coins from early investors can stake too.
Whtis means that Staking coins can be greater than circulating coins.
moneyasanexit
⋅
Good one; where do you see it going on the long term?
The Locked coins from early investors can stake too.
Whtis means that Staking coins can be greater than circulating coins.