$ALGO Confirmed Long Term Support

2022年3月23日

Technicals look healthy
- long term support at $0.67 has been confirmed
- RSI crossover followed by 7 week EMA turning up will confirm resumption of long-term uptrend

Fundamentals are far stronger since the start of the correction
- Algorand Governance TVL to be unlocked by AlgoFi and AlgoGard for DeFi
- Flurry of DeFi projects launching launching
- Algorand liquidity incentive reward programs
- AVM-EVM compatibility initiative spear headed by Staci Warden
- bridges coming online to connect to liquidity on other chains - AlgoMint, GlitterFinance, C3Protocol, Applied Blockchain's London Bridge with Ethereum
- Staci Warden as new Algorand Foundation CEO brings her expertise and network with new focus on Algorand branding
- hiring one of the world's leading PR firms to market Algorand
- Algorand Ledger issues are being resolved
- AVM upgrades throughout the year - state proofs, cross contract calls, TPS boosts
- ... and much more, but too much to list all here ... but you get the idea