Even though $FET did a 2x over the last few days, it's still extremely undervalued. According to the 2-Year MA Multiplier indicator that correctly spotted its macro top both in 2021 and 2024, the most important current targets for $FET are $1, $3, and $5.
A month long miner capitulation is finally over as the Hash Ribbons buy signal flashed on the 27th of February. Since then $BTC rallied over 10%. More upside to come?
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Funding rates have stayed neither too negative nor too positive—chilling around the baseline—for over a year although the crypto market saw the most extreme price swings in its history. What is happening?
On Friday the MVRV Z-Score, which is another macro cycle valuation indicator for $BTC, touched 0.32. It is the lowest it's been since March 2023 and is extremely close to the bottom threshold of 0.