Biggest Movers: ADA Price Climbs for Ninth Consecutive Day – Market Updates Bitcoin News

Cardano rose to a fresh multi-month high on Saturday, as the token surged for a ninth consecutive session. The price is now up by over 15% in that time, cementing its place as the world’s seventh-largest cryptocurrency. Avalanche is also trading higher, hitting a two-month high in the process.

Cardano (ADA)

Cardano (ADA) once again extended a recent bull run, with the token climbing for a ninth straight day.

Following a low of $0.4274 during Friday’s session, ADA/USD rose by as much as 5% today, hitting a peak of $0.4581 in the process.

How To Get Free Crypto  

Saturday’s surge has sent ADA to its highest level since September 27, when the price was above $0.4600.

ADA/USD – Daily Chart

From the chart, it appears that the latest rise in price coincides with the relative strength index (RSI) moving past a key ceiling.

The aforementioned point of resistance was at the 72.00 mark, with the index currently tracking at 75.92.

Should price strength continue to move higher, an upcoming wall at the 80.00 mark could be a potential stumbling block.

Avalanche (AVAX)

In addition to ADA, avalanche (AVAX), was another notable gainer in the market to start the weekend.

AVAX/USD rallied to an intraday high of $19.51 on Saturday, a day after trading at a low of $18.52.

Similar to cardano, today’s move has sent avalanche to a multi-month high, with the token hitting its strongest point since February.

AVAX/USD – Daily Chart

Overall, AVAX is currently on a seven-day winning streak, which was extended following a breakout of a ceiling at $18.50.

Coinbase Banner  

Price strength is now at a reading of 66.54, with an upcoming resistance point at the 70.00 mark.

Should it reach this target, there is a strong possibility that AVAX will be trading above $20.00.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story

Do you expect AVAX to climb for an eighth straight day on Sunday? Let us know your thoughts in the comments.

Eliman Dambell

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Read disclaimer

Go to Source
Author: Eliman Dambell

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

FreeBitcoin Banner  

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.