Cardano (ADA) rallied to its best price level in a month as cryptocurrency investors prepared for the Federal Reserve’s looming interest rate decision.

On March 22, ADA’s price surged by as much as 4.58% to $0.388, its highest level since Feb. 24. This bucked the trend as the total crypto market capitalization underperformed the Cardano token, dropping 0.4% on the same day.

ADA/USD versus crypto market cap daily performance chart. Source: TradingView ADA s price has rallied 20% since Cardano’s dynamic P2P update. Source: TradingView Cardano supply distribution among addresses holding 1,000 to 100 million ADA. Source: Santiment ADA/USD daily price chart. Source: TradingView ADA/USD daily price chart featuring inverse-head-and-shoulders pattern. Source: TradingView