Cardano hit a multi-month high on Saturday as the token surged for the ninth consecutive session. During that time, the price has risen more than 15%, solidifying its position as the world’s seventh-largest cryptocurrency. Avalanche is also trading higher, hitting a two-month high in the process.
Cardano (ADA
Cardano (ADA) extended its recent bullish run once again, with the token rising for a ninth straight day.
after hitting a low of $0.4274 in Friday’s session. the ADA/USD rose as much as 5% today, hitting a peak of $0.4581 in the process.
in Saturday’s wave, with the ADAhitting $0.4600, its highest since September 27.
From the chart, the price increase seems to coincide with the period when the Relative Strength Index (RSI) passed through an important ceiling.
The aforementioned resistance point is at 72.00 and the index is currently tracking at 75.92.
If prices continue to rise, the 80.00 barrier could be an obstacle.
Avalanche (AVAX)
47} plus ADA. Avalanche (AVAX) also made notable gains in the market as we head into the weekend.
AVAX/USD rose to an intraday high of $19.51 on Saturday after trading as low as $18.52.
Like Cardano, today’s move sent the avalanche to multi-month highs and the token to its strongest since February.
Overall, AVAX is currently on a 7-day winning streak and has extended after breaking through the $18.50 ceiling.
Price strength is now at a reading of 66.54, with an upcoming resistance point at the 70.00 mark.
If this target is reached, AVAX will likely trade above $20.00.
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