Cardano's ADA token came shut to its highest in two months on Aug. 10 as daily gains neared 6%.

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

Cardano bulls battle $1.60

One of the acme performers in the meridian fifty cryptocurrencies by market place cap, Cardano was yet to overcome multi-month resistance at effectually $ane.60 at the time of writing.

Nevertheless, performance was impressive, catching the attention of veteran trader Peter Brandt who keenly eyed contempo strength.

"New development in Cardano ADAUSD. The advance through the July 4 loftier goes a long way to negate the potential bearishness of the H&Due south top in this crypto," he told Twitter followers in an update on the day.

"In fact, this price activity can exist viewed every bit bullish every bit long as price remains above ane.25."
ADA/USD i-mean solar day candle chart (Binance). Source: TradingView

Brandt referred to a recent head & shoulders structure on ADA/USD, which the run to the highs of Aug. 10 had helped overcome.

Fellow trader and Cointelegraph correspondent Michaël van de Poppe was similarly upbeat on the future price odds.

"Good bounce of Cardano, but didn't break the downtrend even so. Looks good," he summarized.

Against Bitcoin (BTC), ADA put in a strong return after looking for a retest of support, Van de Poppe said Monday.

ADA/BTC one-24-hour interval candle chart (Binance). Source: TradingView

ADA/USD saw its all-time highs of $2.50 on May 16, congruent with a turning point across altcoins as Bitcoin brutal 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's 18.5% gains, additional by Ether (ETH) in the aftermath of its successful London hard fork deployment.

Related: Price analysis 8/nine: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK

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

ETH/USD 1-twenty-four hour period candle nautical chart (Bitstamp). Source: TradingView

As Cointelegraph noted, the total cryptocurrency market cap passed $i.9 trillion for the commencement fourth dimension this calendar week since May, nearing the meaning $2 trillion mark in one case again.