The crypto market was mostly green for the first week of the week. Multiple assets rose by double digits Monday. ADA rose as high as 13% today. TheTA also saw a rise of nearly 15%.
Cardano (ADA)
ADA was one the main movers Monday. Prices surged to a level of long-term resistance.
Monday’s intraday rally in ADA/USD reached $0.64355, which was the highest level since May 31.
The move started with support at $0.5560 and prices rose all the way up to $0.6430 at the beginning of the week.
As price strength continues to increase, the surge in prices is evident. The 14-day RSI has reached 54 and trading over its limit.
At the time of writing, it is currently at 55.33. That is its highest reading since April 6th, and a sign that momentum could be shifting in ADA.
Overall, ADA remains below its September high of 85%.
ThetaNet (THETA).
THETA was also trading higher to start the week, climbing by as much as 15% during Monday’s session.
Monday’s rally saw prices reach an intraday peak of $1.38, which comes less than 24-hours since price was at a low of $1.20.
This was THETA’s second move to move towards resistance at $1.40.
As seen from the chart, this ceiling hasn’t been broken in almost one month, however after today’s gain, bulls look set to test this point.
It is currently trading at 44.40 resistance, the highest it has been in two months.
If it breaks above that point, bulls could attempt to drive prices up towards $1.50.
Are there any rallies planned for THETA? Please share your views with us in the comments.
Image creditShutterstock. Pixabay. Wiki Commons
DisclaimerThis information is provided for educational purposes only. This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. Bitcoin.com is not a provider of investment, tax, legal or accounting advice. The author and the company are not responsible for any loss or damage caused or alleged caused by the content or use of any goods, services, or information mentioned in the article.