Over the last three days, Cardano has recorded significant improvements in price. It all started on Friday when it started trading at $0.46 and attempted $0.50. However, it failed as it peaked at $0.49. Nonetheless, it closed with gains exceeding 4%. Over the next two days, it failed to make any significant moves.

The current intraday session was a change to that trend. A closer look at the chart suggests that ADA is having one of its biggest surges. It kicked off trading at $0.49 and broke the highlighted resistance after it dipped to a low of $0.48. A few minutes to the time of writing, it peaked at $0.52 and is currently exchanging at the mark which means it is up by more than 7%.

Due to price actions over the last three days, indicators are printing positive signals. One such is the Moving Average Convergence Divergence. A closer at the metric shows that both EMA intercepted and are growing apart. With the bullish divergence in full swing, traders may expect further price increases with the altcoin aiming to reclaim lost levels.

Regarding market sentiment, the Relative Strength Index is also on the rise. Previously at 41 a few days ago, it is presently at 52. This depicts the growing buying actions going on with the coin.

Cardano Will Flip $0.55

In the coming days, it will be important for market conditions to remain the same. If that happens, the asset will continue to see more buying which will ensure a steady climb in price. One of the key levels to watch is the $0.55 resistance. Since January 14, the asset tried breaking through the said barrier but failed after two attempts.

After breaking the said resistance, the next barrier is the $0.60. Based on previous price movements, the said mark is another tough mark. Since the coin dropped below it in the first half, it tested it once. Although it broke through, it failed to gain stability above it.

Other cryptocurrencies are also aiming for key resistance. One such is Monero.

XMR Flips Fourteen-day High

Over the last fourteen days, XMR traded below $164, dropping to a low of $144. During this period, the asset made two close attempts at the said mark. One such happened on January 18 when it opened trading at $157 and surged to a high of $163. Facing strong rejections at the mark, it retraced and closed at $153 with losses of almost 3%.

The next trial took place three days later as the altcoin opened trading at $156 and peaked at $163. Due to strong rejections, it failed to sustain the advances it made. It closed with no notable changes in value.

A few hours ago, the $164 resistance broke. This comes after the coin kicked off trading at $160 and rebounded after a short decline to $159. After breaking the said level, the next string point was $170. However, the asset to test as it faced strong rejections at $169. Nonetheless, its currently up by more than 4%.

If the uptrend continues, XMR may retest its thirty-day high at $176. It is worth noting that $172 is a critical stepping stone to achieving this bid.