Toncoin (TON)
Toncoin (TON) has rebounded from a three-week low and surpassed the $2.00 mark in today’s session.
After hitting a low of $1.95 on Wednesday, TON/USD climbed to a peak of $2.10 earlier today.
This surge allowed Toncoin to bounce back from its lowest point since September 15, which also served as a crucial support level.
Traders took advantage of this dip and the relative strength index (RSI) has risen above 50.00.
Currently, the RSI is at 50.73, and buyers may target a ceiling of 54.00 in the near future.
If this level is reached, there is a strong possibility that TON will reach a ceiling around the $2.20 region in the coming days.
Cardano (ADA)
In addition, Cardano (ADA) has experienced significant gains as it moved away from its recent support level.
ADA/USD reached a high of $0.2628 today, following a low of $0.255 yesterday.
This upward movement occurred as Cardano surpassed its support point at $0.250 and the RSI bounced from its own floor.
After hitting a floor at the 55.00 mark, price strength has now reached a high peak at 58.82.
The next visible ceiling appears to be around the 65.00 zone, and if bulls manage to reach this level, ADA is likely to rise above $0.270.
Hot Take: Toncoin and Cardano Rally Amidst Crypto Consolidation
Toncoin and Cardano have both experienced a rebound in today’s session, defying the overall consolidation in the global cryptocurrency market. Toncoin climbed above its key support point of $2.00, signaling a potential rise to the $2.20 region. Meanwhile, Cardano rallied away from its support level at $0.250 and could surpass $0.270 if bulls reach the 65.00 zone. These positive movements indicate that both cryptocurrencies are attracting buyers who see value in buying the dip and taking advantage of the upward momentum. As the crypto market continues to consolidate, it will be interesting to see if Toncoin and Cardano can sustain their upward trajectory.
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