Today, Cardano rebounded above $1.45 support but the rally was stalled at a $1.55 high. Surprisingly, the altcoin dropped sharply to $1.37 low. The bulls buy the dips as the ADA rallies to a $1.50 high.
The altcoins are trading in their respective bull markets. Nonetheless, as the coins reached the overbought regions, there was a change in the trend. The cryptos resumed trading in a sideways trend. A rebound or breakout is possible at the overbought regions which will propel the coins to resume the uptrend.
In the week under review, DASH, Dogecoin, Cardano, and TRON were previously making positive moves. In recent times, all the coins have dropped in value as the coins hit the overbought region. Stellar also is in a downward movement as it reaches the overbought condition.