$ALGO Confirmed Long Term Support

$ALGO Confirmed Long Term Support

ALGO/USD COINBASE:ALGOUSD



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