It looks like we can use P/FCF multiple as an additional indicator:
-> complementing classic technical analysis for mid-term trading and position management.

Market was pricing P/FCF even when this metric didn't exist and formed resistance and support zones not only around price levels, but around "what this token earns and how much it costs" levels as well.

From August 2025 to January 2026, approximately 5.5x acted as a valuation ceiling:
• 5.3x at $1.33
• 5.6x at $1.29
• 5.2x at $1.16
• 5.5x at $0.595
• 5.4x at $0.608

Different token prices, but almost the same valuation rejection.

Meanwhile, approximately 2.5x acted as support, reached at both $0.79 and $0.295.

Another interesting transition occurred around 3.3x: it initially behaved as resistance in May 2025, but later became support—a classic resistance-to-support transition in fundamental valuation space.

Recently, the range appears to have rerated upward:
• New resistance: approximately 7.8–8.0x
• New support: approximately 3.5–3.9x

In implied veAERO annual yield terms, the old 2.5–5.5x range represented approximately 40%–18%, while the new 3.7–8.0x range represents approximately 27%–12.5%.

See yourself at https://app.valueverse.ai/tokens/aero

Original Tweet: https://x.com/vasily_sumanov/status/2077484295615402032