/USD surged to a peak of $1.64 on Wednesday. This comes less than a day after trading at a low of $1.28.
Wednesday’s high is the strongest point for the token since May 11, and comes following a breakout of a key price ceiling. Looking at the chart, this resistance was at the $1.43 level, which has been in place for the last three months. Following today’s rally, the relative strength index is now tracking at a high of 70.33, which is marginally above a ceiling of 69.
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