Cardano was certainly one of Saturday’s notable gainers, with the token surging to a three-week excessive. The sandbox was additionally within the inexperienced, rising to a multi-week peak, as sentiment within the cryptocurrency market stays largely bullish. General, the worldwide crypto market cap is up practically 2% as of writing.
Cardano (ADA)
Cardano (ADA) climbed to a three-week excessive on Saturday, because the token rose for a fourth consecutive session.
Following a low of $0.4894 on Friday, ADA/USD was capable of attain a peak of $0.5235 to start out the weekend.
Saturday’s prime is the very best level the token has traded at since August 18, and comes as costs climbed above a significant resistance level.
The ceiling of $0.5115 was damaged earlier within the day, and comes because the 10-day (crimson) shifting common crossed in opposition to its 25-day (blue) counterpart.
Trying on the chart, one other notable prevalence is that the relative energy index (RSI) of 14-days additionally moved past a ceiling, at 56.00.
Now monitoring near 58.00, ought to the index hit its greater resistance level of 60.40, we might see ADA worth recapture the $0.5440 mark.
The Sandbox (SAND)
The sandbox (SAND) was one other notable mover to start out the weekend, with costs additionally hitting a multi-week excessive.
SAND/USD was in a position climb above its $1.00 mark on Saturday, hitting an intraday excessive of $1.02 within the course of.
At this time’s peak is the strongest level that SAND has reached since August 26, and comes after 4 days of back-to-back positive aspects.
Some concern that this run may very well be reduce brief, nonetheless, because the RSI seems to be set to collide with a ceiling at 49.30.
As of writing, the RSI is monitoring at 48.33, which is its highest level since mid-August, when costs had been buying and selling above $1.35.
Ought to the index transfer previous the upcoming hurdle, bulls will possible purpose to focus on exits near resistance round $1.10.
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