ADA/USDT 1DAY UPDATE BY CRYPTOSANDERS

Hello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.

I have tried to bring the best possible outcome to this chart.

CHART ANALYSIS:-Cardano (ADA) snapped a two-day losing streak to start the week, despite the global market cap mostly consolidating 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 move saw Cardano near Friday’s high of $0.4093, which was its highest point since mid-February.

Looking at the chart, the climb in price coincided with the relative strength index (RSI) moving towards a ceiling of its own at 60.00.

At the time of writing, the index is tracking at 58.91, after moving away from a floor at 56.00.

Should price strength move past the upcoming ceiling at 60.00, then there is a strong chance ADA will recapture a fresh multi-month high.

This is not a piece of financial advice.
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