-Almost oversold
-Positive RSI divergence
-at significant multi-year support
-retail sentiment: dead
-undervalued relative to Bitcoin
-in a continued crypto bull market (which I expect in 2025), AVAX will rise too, my first PT is $40 (hitting the descending resistance) with the potential to go much higher
I analysed when monthly RSI of NVO has fallen below 40, which it had in 3 cases this century. When buying at that level, it lead to significant returns of at least 500% until the next top after which it dropped to that level again.
