$BNB, $ADA and $XRP are facing a massive recovery, and the reason is different for each one
could be dubbed a"breakout day" as most digital assets have been breaking local resistance levels without looking back at the rough middle of this week.Since Elon Musk's Twitter takeover, Binance's BNB has been on a steady uptrend despite the problematic nature of the cryptocurrency market.
Ripple's success in court, which has been the main fuel for XRP's run on the market, most likely is not the case today, as no news about it appeared in the cryptocurrency media space.Despite the fact that Cardano usually avoids joining market-wide rallies and moves on its own, ADA's performance today has been similar to what we saw on the aforementioned cryptocurrencies.
In the last 24 hours, ADA broke the 50-day moving average but has not gained a foundation above it, and the descending volume profile shows that it will not because of a lack of support coming from Cardano traders and investors. This would be the second time Cardano had been trying to break the 50-day MA in the last two weeks.
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