$SHIB is rebounding despite market plunge, but it is not the only one if we look at $TRX and $ADA
has lost over 27% of its value through the end of February and the beginning of March. However, the increase in longs volume could indicate that investors are starting to see the potential for a price rebound.
It should be noted that the increase in longs volume does not necessarily guarantee that the price of Cardano will go up. However, it does indicate that more investors are interested in taking a long position on the coin. For Cardano to return to its previous high, it would have to gain at least 23% in value.TRX, the cryptocurrency backed by Justin Sun, recently saw a massive 22% recovery after a period of market instability.
Despite this recent volatility, TRX has shown strength in recovering from the dip. The cryptocurrency market as a whole has been quite volatile lately, with Bitcoin's value fluctuating wildly and other cryptocurrencies following suit. TRX's recovery is likely due to external factors rather than a fundamental change in the cryptocurrency's value. It remains to be seen how sustainable this recovery will be and whether TRX can continue to hold its value in the face of market instability.
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