Ada climbs to 11-week high because cryptoma markets react to US BIP data-market tactualizations

Cardano raced to an 11-week high on Thursday when the markets reacted to data that showed that the gross domestic product in the United States has increased by 2.9 %. The token used to increase by up to 5 % in the day and thus reached its strongest point since November. Monero was also in the green area and approached an important level of resistance.

Cardano ( ada )

cardano ( ada ) recovered on Thursday, whereby the prices rose to an eleven-week-high.

after a low of 0.3537 $ on Wednesday ada /USD today rose to an intraday high of $ 0.3866 As a result, Cardano rose to his strongest point since November 8th, the last time the prices were over $ 0.4100.

id = "caption-attachment-570824" class = "wp-caption-text"> ada /usd- Tatshart

If you look at the diagram, ada has moved down to earlier profits, since dealers apparently gain near an upper limit of $ 0.3875 have taken.

At the moment the token is traded at $ 0.3774, with the 14-day relative strength index (RSI) being close to its own resistance at 74.00

The index, which is currently 69.22, probably has to go beyond the point of 74.00 to achieve this ada $ 0.3875.

monero ( xmr

In addition to ada monero ( xmr ) also rose earlier a day when it approached an important level of resistance.

xmr /USD previously moved to a maximum of 178.15 $, which is less than a day after falling to a deep of $ 169.84.

Today's increase, Monero brought closer to its long -term level of resistance at $ 180.00, which was last broken on Sunday.

As can be seen from the chart, the relative strength index (RSI) currently moves below a separate upper limit at 65.00 with a current value of 63.25.

So take bullen xmr again above the level of $ 180.00, the price strength must first exceed 65.00

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Do you expect Monero to rise over $ 180.00 this week? Share your thoughts in the comments.

Eliman Damell

Eliman brings an eclectic point of view to the market analysis. Previously, he was a brokerage director and online trading instructor. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange, and is also the founder of a startup.

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