The MVRV indicator is in a critical testing stage and has not yet issued a bullish signal

Analyst MorenoDV pointed out that the MVRV indicator is in a critical testing stage. If MVRV recovers and stabilizes at 365DMA, it is a bull market situation. If MVRV is rejected, it remains in a repair state. If MVRV moves towards zero again, it indicates that the reset is not yet complete. （CryptoQuant）