The project is new and related to restaking. Most sellers who wanted to exit have likely already done so. The project owners clearly aren’t abandoning it — there’s still activity and intent behind the scenes. The chart shows consistent spot accumulation at increasingly higher prices, suggesting it’s not just one individual buying. I recommend considering a spot position for a 1–2 week timeframe.
Note
I'll write more fresh ideas later.
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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.