Biggest Movers: ADA up 13% on Monday, THETA Moving Towards Multi-Week High

Crypto markets were chiefly successful the greenish to commencement the week, with respective assets climbing by treble digits connected Monday. One of these was ADA, which roseate by arsenic overmuch arsenic 13% today. THETA besides climbed higher, gaining astir 15%.

Cardano (ADA)

ADA was 1 of the astir notable movers connected Monday, arsenic prices surged backmost towards a semipermanent absorption level.

Monday saw ADA/USD rally to an intraday precocious of $0.6435, which is the highest constituent it has reached since May 31.

This move, which started astatine enactment of $0.5560, saw prices ascent each the mode to absorption astatine $0.6430 to commencement the week.

The surge comes arsenic terms spot has rapidly increased, with the 14-day RSI present trading supra a ceiling of its ain astatine 54.

As of writing, the scale is astatine 55.33, which is its highest speechmaking since April 6, and a affirmative motion that momentum successful ADA could yet beryllium changing.

Overall, ADA is inactive down astir 85% from its all-time precocious successful September past year.

Theta Network (THETA)

THETA was besides trading higher to commencement the week, climbing by arsenic overmuch arsenic 15% during Monday’s session.

Monday’s rally saw prices scope an intraday highest of $1.38, which comes little than 24-hours since terms was astatine a debased of $1.20.

This determination saw THETA proceed to ascent distant from enactment astir $1.15, and alternatively determination person to absorption astatine $1.40.

As seen from the chart, this ceiling hasn’t been breached successful astir 1 month, nevertheless aft today’s gain, bulls look acceptable to trial this point.

Price spot is besides astatine a absorption constituent of 44.40, which is the astir it has traded successful implicit 2 months.

Should it yet interruption supra this point, past we could perchance spot bulls attempting to propulsion prices towards the $1.50 level.

Will we spot immoderate further rallies successful THETA this week? Let america cognize your thoughts successful the comments.