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

Cardano climbed increased to start out the week, as bulls moved to purchase the latest dip in worth. The token dropped by over 30% over the weekend, as merchants continued to react to the Robinhood delisting. Cosmos additionally rebounded, shifting away from a one-year low.

Cardano (ADA)

Cardano (ADA) rebounded by practically 5% to start out the week, as merchants moved to purchase this weekend’s dip.

ADA/USD fell by over 30% prior to now few days, dropping to a low of $0.2300 within the course of.

However on Monday, the token rallied to an intraday peak of $0.2859, with bulls seemingly discovering a steady ground at $0.2600.

This comes because the relative energy index (RSI) jumped again above the 20.00 area, and is now heading in the direction of a ceiling at 31.00.

At the time of writing, the index is monitoring at 24.99, which stays in oversold territory.

ADA is presently buying and selling at $0.2815, down 24% from the identical level final week.

Cosmos (ATOM)

Another notable token to climb increased on Monday was cosmos (ATOM), which additionally rebounded from latest losses.

Following a low of $8.21 on Sunday, ATOM/USD jumped to a excessive of $8.68 to start out the brand new buying and selling week.

The rally sees ATOM proceed to maneuver away from a one-year low at $7.31, which was hit on Saturday.

Similar to cardano, ATOM’s RSI studying stays under the 30.00 mark, which is a optimistic for longer-term bulls.

This reveals that there’s some potential upside out there. However, volatility additionally stays excessive.

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Could cosmos transfer above $9.00 this week? Let us know your ideas within the feedback.