Fascinating contradictions were witnessed as the market projected a classic bull versus bear tug of war.
Cardano has not been performing well, and it continues its bearish streak with slight chances of a bullish revival. On the other hand, Tron and DASH have steadily traversed in an up-channel and obliged their respective trendlines.
Sources: TradingView, ADA/USDT
ADA witnessed a steady withdrawal since early September itself. The crypto registered a 41.34% decline from 2 September until it touched its 11-week low on 27 October. After which, the bulls triggered an uptrend to hit its one-month high on 9 November.
However, bulls failed to sustain their advantage as the price fell into its long-term trend and plunged. The sell-off led to a price dip of 28.68% from 9 to 23 November. Consequently, the price poked its 15-week low on 24 November.
At press time, ADA was trading at $1.1677. The RSI chose the sellers by swaying near the 40-mark. However, it showed slight revival signs over the past day. Although DMI preferred the bearish vigor, the MACD hinted at a bullish revival. For a comeback, bulls will have to gather momentum at increased trading volumes.
Source: TradingView, TRX/USDT
TRX stood on the opposite spectrum of ADA. While ADA steadily backtracked, TRX swayed between the parallel channels heading north. It undertook the ascent Since 29 September while recording an over 54% 47-day ROI….