Biggest Movers: ADA, ATOM Rebound on Monday, as Bulls Buy Recent Dip

Cardano climbed higher to commencement the week, arsenic bulls moved to bargain the caller dip successful price. The token dropped by implicit 30% implicit the weekend, arsenic traders continued to respond to the Robinhood delisting. Cosmos besides rebounded, moving distant from a one-year low.

Cardano (ADA)

Cardano (ADA) rebounded by astir 5% to commencement the week, arsenic traders moved to bargain this weekend’s dip.

ADA/USD fell by implicit 30% successful the past fewer days, dropping to a debased of $0.2300 successful the process.

However connected Monday, the token rallied to an intraday highest of $0.2859, with bulls seemingly uncovering a unchangeable level astatine $0.2600.

This comes arsenic the comparative spot scale (RSI) jumped backmost supra the 20.00 region, and is present heading towards a ceiling astatine 31.00.

At the clip of writing, the scale is tracking astatine 24.99, which remains successful oversold territory.

ADA is presently trading astatine $0.2815, down 24% from the aforesaid constituent past week.

Cosmos (ATOM)

Another notable token to ascent higher connected Monday was cosmos (ATOM), which besides rebounded from caller losses.

Following a debased of $8.21 connected Sunday, ATOM/USD jumped to a precocious of $8.68 to commencement the caller trading week.

The rally sees ATOM proceed to determination distant from a one-year debased astatine $7.31, which was deed connected Saturday.

Similar to cardano, ATOM’s RSI speechmaking remains beneath the 30.00 mark, which is simply a affirmative for longer-term bulls.

This shows that determination is immoderate imaginable upside successful the market. However, volatility besides remains high.

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Could cosmos determination supra $9.00 this week? Let america cognize your thoughts successful the comments.