Biggest Movers: ADA, SAND Surge to Multi-Week Highs on Saturday

Cardano was one in all 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. Overall, the worldwide crypto market cap is up almost 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 in a position to attain a peak of $0.5235 to start out the weekend.

Saturday’s prime is the 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 (pink) transferring common crossed in opposition to its 25-day (blue) counterpart.

Looking 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 increased resistance level of 60.40, we may 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.

Today’s peak is the strongest level that SAND has reached since August 26, and comes after 4 days of back-to-back positive factors.

Some worry that this run could possibly be minimize quick, 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.

Should the index transfer previous the upcoming hurdle, bulls will probably intention to focus on exits near resistance round $1.10.

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Will the sandbox stay above $1.00 this weekend? Let us know your ideas within the feedback.