ADA hits a fresh 7-month high on Saturday, April 15, 2023.
From the chart, it appears that the latest rise in price coincides with the relative strength index 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.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.Overall, AVAX is currently on a seven-day winning streak, which was extended following a breakout of a ceiling at $18.50.Should it reach this target, there is a strong possibility that AVAX will be trading above $20.00.Tags in this story
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