ADA/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, 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) rose by as much as 9% on Wednesday, as bullish sentiment returned to cryptocurrency markets.
Following a low of 0.38 on Tuesday, ADA/USD raced to an intraday high of 0.4166 earlier in today’s session.
Today’s surge in price saw Cardano climb to its highest point in six days since the token was trading above a ceiling at 0.4200.
Looking at the chart, Wednesday’s move came as the relative strength index (RSI) broke free of a resistance level at 53.00.
At the time of writing, the index is now tracking at 55.12, with an upcoming ceiling of 58.00 a potential target for bulls.
Should this point be hit, it is possible that ADA will move back above its point above resistance.
This is not a piece of financial advice.
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