Biggest Movers: TON, ADA Rebound From Recent Points of Support

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Toncoin rebounded from a three-week low on Thursday, as the cryptocurrency collided with a key support point. The move comes despite the global crypto market mostly consolidating during today’s session. Cardano was another notable mover, rallying away from a support point of its own.

Toncoin (TON)

Toncoin (TON) moved away from a multi-week low in today’s session, as price climbed above the $2.00 mark.

Following a low of $1.95 on Wednesday, TON/USD bulls pushed the token to a peak of $2.10 earlier in the day.

As a result of the surge, toncoin bounced from its lowest point since September 15, which has also been a key support point.

Traders opted to buy the dip at this point, with the relative strength index (RSI) rising past a ceiling of 50.00.

At the time of writing, the index is tracking at 50.73, with a ceiling of 54.00 a possible target for buyers.

Should this point be hit, there is a good chance that TON will hit a ceiling at the $2.20 region in the coming days.

Cardano (ADA)

Additionally, cardano (ADA) was a notable gainer, with the cryptocurrency climbing away from a floor of its own.

ADA/USD rose to a high of $0.2628 earlier in the day, which comes after a low of $0.255 the day prior.

Today’s move saw cardano move away from its recent support point at $0.250, just as the RSI bounced from a floor of its own.

After colliding with a floor at the 55.00 mark, price strength has gone on to reach a high peak at 58.82.

The next visible ceiling looks to be at the 65.00 zone, and in the event bulls manage to reach this point, ADA will likely rise above $0.270.

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Will cardano extend gains in the coming days? Let us know your thoughts in the comments.