SAND was up by over 15% on Friday, as crypto prices rebounded following sell-offs during Thursday’s trading session. Yesterday’s SAND drop was a significant one week low. MATIC also fell nearly ten days ago. Crypto markets are currently up by 1.30% at the time of writing.
The Sandbox (SAND),
SAND was one of the most notable movers during today’s trading session, as crypto prices rebounded on Friday.
SAND/USD was at its lowest point on Thursday, $0.9644. It then rallied to $1.17 for the first day of July.
The token’s prices have risen a lot in the last 2 weeks after reaching a ceiling of $0.7393 June 18.
It was the lowest SAND level since October 2021. Bulls reentered the market to buy the dip.
The chart shows that the 10-day moving average (MA), despite recent price volatility, has slightly crossed the 25 day MA.
The upward trend may indicate that bulls could try to raise prices further with the $1.50 target.
Polygon (MATIC).
MATIC has been trading in a channel of lower lows for the past seven days, however that run was snapped following today’s rally.
Although the token was at its lowest level of $0.4224 Thursday, it rebounded to reach a high of $0.4957 Friday.
As of writing, MATIC/USD is now trading nearly 9% higher than yesterday’s low, however volatility continues to remain high.
The bears seem to want to push prices below $0.3975 but the bulls are resisting this.
After breaking the 46.50 support level on the 14-day RSI indicator, the indicator is struggling to find a new floor and currently tracks at 42.79.
Bears may push it to 39.20 to avoid that support level. This would nearly certainly bring MATIC under $0.4000.
Are you expecting MATIC to drop below $0.4000 next weekend? Please share your views with us in the comments.
Images CreditsShutterstock.com, Pixabay. Wiki Commons. Ira Lichi.
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