/USD moved to a peak of $0.387 on Wednesday, which comes a day after falling to a low at $0.349.
Today’s surge saw bulls push cardano to its highest level since February 23, when price was at a peak of $0.393.Looking at the chart, it appears that the climb coincided with the 10-day moving average crossing over its 25-day counterpart. In addition to this, the 14-day RSI is now tracking at 60.93, which is its highest reading since mid-February.
A ceiling at 53.00 may await for bulls should momentum continue in this current direction, which could put a stop to the run.Tags in this story
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