This move saw cardano climb to its strongest point since February 21, when the token reached a high of $0.4061.
Overall, the surge came as the 14-day relative strength index moved beyond a ceiling at the 60.00 mark. At the time of writing, the index is tracking at 63.67, which is close to a highest point of resistance at 64.00.Chainlink rebounded from Thursday’s losses in today’s session, with the token climbing by as much as 5%As a result of the rally, chainlink once again moved above its long-term resistance at $7.55, hitting a one-week high in the process.Looking at the chart, today’s breakout coincided with the RSI climbing past a ceiling of its own at 55.
As of writing, the index is tracking at 57.54, which is marginally below a higher hurdle at the 58.00 point.Register your email here to get weekly price analysis updates sent to your inbox:
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