Ada broke out of a downtrend.

Good day,

We are looking at the 1 day chart of ADA/USDT.

As we can see, ADA price just broke out of a downtrend line. Meaning a potential trend reversal.

Also, short term moving average (red) seems to looking to break the "mid term" moving average (green)

Furthermore, the total value locked (TVL) of the Cardano network completely exploded in 2022. From $1.7 million to a whopping $180 million. The TVL is often seen within the world of decentralized finance (DeFi) as an excellent measure of investor interest in a particular project.

"Cardano has waited long enough, we are the aristocrats of change"

Current market cap: 40B

Don't believe that there will be "one blockchain to rule them all", imo there will be more winners besides Ethereum.

That's why oracles (chainlink/dia etc.) are so important, otherwise we will just have islands of communities who can't interact with each other. Few understand.