Moonwell
Moonwell Enters Price Discovery! 600% within 1 week?Don't be fooled by this recent pullback. The KUCOIN:WELLUSDT / COINBASE:WELLUSD (Base's Moonnwell lending protocol) is set-up for an incredibly bullish run!
• Price is at the upper bollinger bands . When a strong uptrend starts, the price tends to "ride the upper bollinger band" for weeks, if not months.
• Golden cross on the daily chart + On Balance Volume confirms healthy uptrend.
• Moonwell is a Circle (stable coin issuer) partner and core #DeFi infrastructure of the Base Layer 2, along with #Aerodrome.
• When Aerodrome entered price discovery mode earlier this year, it did a 31x (yes, over 3100% surge). SPARKS:AERO 's first major leg started on a Monday – and price did a 7x within just five days! (Before moving much, much higher).
If you are not in Moonwell, now is your chance to enter before price discovery mode.
WELL. Things going well.Formation of a descending triangle after a global downtrend. Personally, I am bullish on WELL and Moonbeam ecosystem as a whole. The protocol recently received a grant of 16 million GLMR (currently $3.3 million). Of course, this does not mean that they will buy back WELL, but it means that development does not stand still and the community and token holders are waiting for major initiatives + recent expansion to BASE blockchain.