3 Months until the Vasil hardfork. TVL is climbing 👀
Cardano is the Blockchain to go if you believe in the scientific route.
So far over 150 peer reviewed papers came out and many problems were solved before the implementation.
Do it right from the start even if it takes some time!
Cardano dropped by 75% from its previous ATH around 3$ within the last 6 months.
Now it looks like we found another local support close to the 0.8$ line and can start a trend reversal from there.
Bearish stuff:
We create lower highs and lower lows so technically we are still in a downtrend.
We are below the 50MA, 100MA and 200MA.
Volume is very low.
Bullish stuff:
We currently broke the downwards trendline.
Sundaeswap is live and the TVL is growing.
The Vasil Hardfork is only 3 months away.
Bitcoin looks healthier and Cardano as well as the whole market could profit from that.
The fundamentals haven't changed and Cardano is at a 75% discount.
We believe that the people that hold through these hard times will get rewarded.
What is needed is patience and endurance.
We expect bullish times ahead and can't wait for it.
The star projects the price target we set for the Vasil hardfork.
Let's see if we can reach it until then.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumblery
So far over 150 peer reviewed papers came out and many problems were solved before the implementation.
Do it right from the start even if it takes some time!
Cardano dropped by 75% from its previous ATH around 3$ within the last 6 months.
Now it looks like we found another local support close to the 0.8$ line and can start a trend reversal from there.
Bearish stuff:
We create lower highs and lower lows so technically we are still in a downtrend.
We are below the 50MA, 100MA and 200MA.
Volume is very low.
Bullish stuff:
We currently broke the downwards trendline.
Sundaeswap is live and the TVL is growing.
The Vasil Hardfork is only 3 months away.
Bitcoin looks healthier and Cardano as well as the whole market could profit from that.
The fundamentals haven't changed and Cardano is at a 75% discount.
We believe that the people that hold through these hard times will get rewarded.
What is needed is patience and endurance.
We expect bullish times ahead and can't wait for it.
The star projects the price target we set for the Vasil hardfork.
Let's see if we can reach it until then.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumblery