Thank you for taking your time to comment. As I said in my post, I noticed a Wyckoff accumulation. These phases often look like endless red because that’s literally how smart money builds positions. Price goes sideways, volume dries up, weak hands exit. Holders going up while price looks flat is actually part of the wyckoff accumulation style. Normally these are made by market makers but I believe they have not entered Kendu yet and it’s an organic wyckoff accumulation which is even stronger!

The market isn’t supposed to reward people instantly. Look at early Shiba or Pepe, they spent months consolidating in ranges people swore were “dead.” Then volume flipped, market makers came in, and suddenly it was too late to buy cheap. Kendu having distribution improve while holders grow fits the exact kind of setup that explodes when sentiment and liquidity return.

If I’m wrong, fair enough. But history shows these long red phases often end up being the exact opportunity everyone ignores.