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AustinBarack

06/17 20:11

Current price action in @AskVenice reminds me a lot of the early March to early April and mid April to early May time periods. $VVV was consolidating and trading in a sideways range for about a month while fundamentals (users, revenue, LLM token usage) continued to grow and accelerate. This often happens as investors with large unrealized PNL take profits and new buyers come in, re-setting the holder base for a move higher. Both of those were followed by large re-ratings as price then caught up to fundamentals again.

Looks like the same thing is happening right now where $VVV has been in a range for the past month while growth continues to accelerate.

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