Cardano was one of Saturday’s notable gainers, with the token surging to a three-week high. Also, the sandbox rose to an impressive multi-week high, as bullish sentiment in crypto market continued. As of this writing, global crypto market capital has risen nearly 2%.
Cardano (ADA)
Cardano (ADA), climbed to a 3-week high Saturday as the token rose for a forth consecutive session.
After a Friday low of $0.4894, the ADA/USD reached a high of $0.5235 on Saturday.
Saturday’s top is the highest point the token has traded at since August 18, and comes as prices climbed above a major resistance point.
The $0.5115 ceiling was breached earlier today, as the 10-day moving average (red) crossed its counterpart (blue).
Another notable occurrence in the chart is the 14-day relative strength index (RSI), which also moved above a ceiling at 56.00
Now at 58.00, ADA could regain the $0.5440 mark if it reaches its higher resistance level of 60.40.
The Sandbox (SAND).
Another notable mover was the sandbox (SAND), which helped to kick off the weekend. Prices also reached a multiweek high.
The SAND/USD traded above $1.00 on Saturday and reached an intraday peak of $1.02
Today’s peak is the strongest point that SAND has reached since August 26, and comes after four days of back-to-back gains.
There is a possibility that the run may be cut short as the RSI appears to meet a limit at 49.30.
The RSI currently stands at 48.33. This is the highest level since mid August, when prices traded above $1.35.
If the index clears the next hurdle, bulls will most likely target exits at resistance levels around $1.10.
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