Cardano’s ADA led gains among crypto majors with a 17% rise to trade over 64 cents on Tuesday. By shauryamalwa
Crypto markets added some 4.4% to overall capitalization in the past 24 hours as bitcoin saw signs of bottoming out and traditional markets showed strength at the start of this week.
Price-charts suggest ADA saw support at the 45 cents level. Readings on the Relative Strength Index – a tool used by traders to calculate the magnitude of an asset’s price move – fell to nearly 33 earlier this week, which suggested early signs of ADA bottoming out. However, the token could see strong resistance at the 80 cents mark.Ether added 5.8% even as gas fees fell to lows.
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