Cardano snapped a two-day losing streak on Monday, as the token neared a two-month high to start the week. Cryptocurrency markets were mostly lower in today’s session, with global market capitalization down 0.36% at time of writing. Bitcoin cash also rose, reaching a ten-day high.
Cardano (ADA)
Cardano (ADA) snapped a two-day losing streak to start the week, despite global market capitalization mostly consolidating on Monday.
After a low of $0.3729 on Sunday, ADA/USD rose to an intraday high of $0.4035 early in today’s session.
Today’s move saw cardano near Friday’s high of $0.4093, which was its highest point since mid-February.
Looking at the chart, the price rally coincided with the RSI moving towards a top of its own at 60.00.
At time of writing, the index is at 58.91, after pulling away from a bottom at 56.00.
If the price strength breaks above the next top at 60.00, then there is a strong possibility ADA will recapture a new multi-month high.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) was another notable gainer at the start of the week, as the token moved to a ten-day high.
BCH/USD reached a high of $129.15 on Monday, a day after the price traded as low as $120.54.
This rally sent BCH to its strongest point since March 24, when it peaked at $132.05.
Since then, previous gains have slipped as the RSI hit a ceiling at the 51.00 mark. The index is currently at 50.59, after a rally from a support point of 47.00.
Overall, bitcoin cash is now up 5.78% from the same point last week.
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