Cardano was one Saturday's notable gainers. The token soared to a three week high. As the sentiment in the cryptocurrency market is largely bullish, the sandbox also was in the green. It rose to a multiweek high. As of writing, the global crypto market capital has risen by almost 2%.
Cardano (ADA)
Cardano (ADA), climbed to a 3-week high on Saturday as the token rose for a forth consecutive session.
After a Friday low of $0.4894, the ADA/USD was able reach a high of $0.5235 on Saturday.
Saturday's top marks the highest price the token traded at since August 18th. It comes just as prices have risen above a major resistance level.
The ceiling at $0.5115 was broken earlier today, as the 10-day (red-colored) moving average crosses its 25-day counterpart (blue).
Another notable occurrence in the chart is the relative strength index (RSI), 14-days, which also moved above a ceiling at 56.00
The index is now at 58.00. If the index reaches its higher resistance level of 60.40, the ADA price could regain the $0.5440 mark.
The Sandbox (SAND).
Another notable mover was the sandbox (SAND), which helped to kick off the weekend. Prices also reached a multi-week peak.
SAND/USD managed to surpass its $1.00 mark Saturday and hit an intraday high at $1.02
After four consecutive days of gains, today's peak marks the highest point SAND has reached in August 26th.
There is a possibility that the run may be cut short as the RSI appears to be colliding with a ceiling of 49.30.
The RSI currently stands at 48.33. This is the highest level since mid-August when prices were trading above $1.35.
Bulls will likely target exits near resistance at $1.10 if the index moves past this hurdle.
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Will the sandbox be above $1.00 for this weekend? We'd love to hear your comments.
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By: Eliman Dambell
Title: Biggest Movers: ADA, SAND Surge to Multi-Week Highs on Saturday
Sourced From: news.bitcoin.com/biggest-movers-ada-sand-surge-to-multi-week-highs-on-saturday/
Published Date: Sat, 10 Sep 2022 14:08:50 +0000
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