Cardano moved to a six-week high on Friday, as consumer sentiment in the United States fell by more than expected. The University of Michigan’s monthly report fell to a reading of 62 in March, lower than the 63.2 sum markets were expecting. Chainlink also climbed, breaking out of a key resistance level.
Cardano (ADA) surged to a six-week high in today’s session, as markets reacted to the latest University of Michigan consumer sentiment report.
Sentiment in the United States fell to a reading of 62 in March, from a final sum of 67 the month prior.
ADA/USD surged to a peak of $0.4025 earlier in today’s session, following a low of $0.3709 on Thursday.
ADA/USD – Daily Chart
This move saw cardano climb to its strongest point since February 21, when the token reached a high of $0.4061.
Overall, the surge came as the 14-day relative strength index (RSI) moved beyond a ceiling at the 60.00 mark.
At the time of writing, the index is tracking at 63.67, which is close to a highest point of resistance at 64.00.
Chainlink (LINK) rebounded from Thursday’s losses in today’s session, with the token climbing by as much as 5%
Following a low of $7.17 yesterday, LINK/USD raced to an intraday high of $7.65 on Friday.
As a result of the rally, chainlink once again moved above its long-term resistance at $7.55, hitting a one-week high in the process.
LINK/USD – Daily Chart
Looking at the chart, today’s breakout coincided with the RSI climbing past a ceiling of its own at 55.00
As of writing, the index is tracking at 57.54, which is marginally below a higher hurdle at the 58.00 point.
Should bulls move beyond this point, then there is a good chance that LINK will move towards $8.00.
Register your email here to get weekly price analysis updates sent to your inbox:
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
暫時沒有評論，趕緊搶沙發吧！