In fact, the court recognized that XRP is not considered a security. For this reason, it was expected that such a bullish breakout would trigger a significant rise.
Such a bullish breakout was expected to trigger a significant rise.
But contrary to expectations, after the breakout, the ADA exchange rate returned to this downtrend line on two occasions. Both times the market tested it as a support level (green icons). Despite the rise, it remains below the 50 mark. This suggests that the market can’t decide on the direction of the trend.
ADA outlook: will the bulls develop a breakout
The shorter daily timeframe reflects a bullish outlook for ADA