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Jan 13, 2023 11:20 AM

ADA about to break out the descending trend since 2021 Long

Cardano / US DollarBinance

Description

The ADA USD monthly chart is showing that the ADA price action is about to break out the monthly descending trend since 2021 (nearly two year of bear trend). We need to have confirmation after a few week, but, as seen in the monthly RSI, the ADA price action has touched (a few weeks ago) the lowest point in history (in December 22nd 2022). This might be a bullish sign.
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