SAND increased by as high as 12% during Wednesday’s session, while prices reached a ten day high. This rise is due to crypto markets being mostly in green. AVAX rose over the course the day. The global crypto market capitalization is almost 3% higher as of this writing.
The Sandbox (SAND).
SAND was one notable mover on Hump Day, with prices for the token rising by up to 12% during the day.
After falling to a low of $1.12 on Tuesday, SAND/USD moved to a high of $1.28 earlier in today’s session.
It reached its highest level since June 25th and moved closer to reaching a crucial resistance level.
This resistance can be seen on the chart at the $1.35 mark. It has not been broken from late May, when prices were hovering around the $1.50 mark.
We need to see the 14 days RSI surpass a barrier in order to break this ceiling.
The Relative Strength Index was at 57.50 as of this writing. This is slightly lower than the resistance level of 58.
Avalanche (AVAX)
AVAX was also in the green over the course of Wednesday’s session, as the token similarly moved towards a resistance point.
Wednesday saw AVAX/USD rally to an intraday peak of $18.90, which is over $2 higher than yesterday’s low at $16.75.
As a result of this recent bullish pressure, avalanche is now moving towards a resistance point of $20, which hasn’t been hit since June 27.
Like SAND we need AVAX’s resistance level of 47 to allow it to continue its upward trend. This is the RSI indicator.
You can see the recent volatility of prices by checking out the moving averages. They have become intertwined over the past few days after a cross between the 25-day MAs and the 10-day MAs.
We may see price movements in the near future as prices begin to move in a more clear direction once this turbulent period passes.
What do you think AVAX will be worth in the coming days to hit $20? Please share your views with us in the comments.
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