is the Relative Strength Index divergence that hints at the upcoming reversal rally and momentum increase. The signal is usually considered one of the strongest signs of an upcoming reversal from a technical standpoint.
In one of his most recent tweets, Charles Hoskinson supported the drastic difference between Cardano and assets like FTT and why it will always be financially stable, without causing a devastating situation like that the community has absorbed in the last two days.As we mentioned in our previous market review, the FTX catastrophe might be far from a logical conclusion, and the most recent SOL staking unlock is a confirmation of this thesis.
Additionally, Tron-backed stablecoin coin USDD has a problem with maintaining the $1 peg and currently trades around $0.98. Technically, the stablecoin should not have any problem with recovering the $1 price and will most likely do so after Tron deploys more capital to maintain the stability of USDD.
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