Cardano's ADA token came close to its highest in two months on Aug. 10 as daily gains neared vi%.

Information from Cointelegraph Markets Pro and TradingView showed ADA/USD challenging resistance to reach $1.59 — its highest since June 15.

Cardano bulls battle $1.lx

One of the height performers in the top fifty cryptocurrencies by marketplace cap, Cardano was yet to overcome multi-month resistance at around $ane.threescore at the time of writing.

Nevertheless, functioning was impressive, communicable the attention of veteran trader Peter Brandt who keenly eyed recent strength.

"New development in Cardano ADAUSD. The accelerate through the July 4 loftier goes a long way to negate the potential bearishness of the H&Southward meridian in this crypto," he told Twitter followers in an update on the mean solar day.

"In fact, this cost action can be viewed as bullish as long every bit price remains above 1.25."
ADA/USD i-day candle chart (Binance). Source: TradingView

Brandt referred to a recent head & shoulders construction on ADA/USD, which the run to the highs of Aug. ten had helped overcome.

Swain trader and Cointelegraph contributor Michaël van de Poppe was similarly upbeat on the future toll odds.

"Expert bounce of Cardano, but didn't pause the downtrend yet. Looks good," he summarized.

Against Bitcoin (BTC), ADA put in a strong return afterward looking for a retest of back up, Van de Poppe said Mon.

ADA/BTC one-solar day candle chart (Binance). Source: TradingView

ADA/USD saw its all-time highs of $two.fifty on May 16, coinciding with a turning point across altcoins as Bitcoin fell due to the China-inspired miner exodus and the associated loss of hash rate.

Altcoins enjoy Bitcoin beating gains

On weekly timeframes, many altcoins outperformed Bitcoin'south 18.5% gains, boosted by Ether (ETH) in the aftermath of its successful London difficult fork deployment.

Related: Toll analysis viii/9: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK

ETH/USD stood at $3,110 at the fourth dimension of writing, up 25% versus seven days ago and fresh off local highs of nearly $3,200.

ETH/USD ane-day candle nautical chart (Bitstamp). Source: TradingView

As Cointelegraph noted, the total cryptocurrency market cap passed $1.9 trillion for the first time this week since May, nearing the pregnant $2 trillion marking in one case again.