Cardano ended a two-day losing streak on Monday, with the token approaching a two-month high earlier in the week. Cryptocurrency markets were mostly lower in today’s session, with global market capitalization down 0.36% at the time of writing. Bitcoin Cash also rose, hitting a 10-day high.
Cardano (ADA
Cardano (ADA) snapped a two-day losing streak earlier in the week, although its global market cap nearly solidified on Monday.
following a low of $0.3729 on Sunday,. ADA/USD surged to an intraday high of $0.4035 earlier in today’s session.
Today’s action took the Cardano near Friday’s high of $0.4093, the highest since mid-February.
The chart shows that the rise in prices coincides with a move in the Relative Strength Index (RSI) to a ceiling at 60.00.
As of this writing, the index is tracking at 58.91 after leaving a floor of 56.00.
A break above the 60.00 ceiling is likely forADAto retake its multi-month high.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) was another notable riser to start the week as the token moved to a 10-day high.
BCH/USD peaked at $129.15 on Monday, a day after trading at a low of $120.54.
The rally sentBCHstronger than it has been since March 24, when it climbed to a peak of $132.05.
The RSI then hit a ceiling of 51.00, which reduced the previous gains. Currently, the index is at 50.59 after rising from the 47.00 support point.
Overall, Bitcoin Cash is up 5.78% from the same point last week.
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