Cardano was one of the notable gainers on Saturday, with the coin hitting a three-week high. The sandbox was also in the green, rising to a multi-week peak, as sentiment in the cryptocurrency market remains mostly bullish. Overall, the global crypto market cap is up around 2% as of writing.
Cardano (ADA)
Cardano (ADA) climbed to a three-week high on Saturday as the coin rose for the fourth consecutive session.
Following Friday’s low of $0.4894, ADA/USD was able to peak at $0.5235 to start the weekend.
Saturday’s top is the coin’s highest point since August 18, and it comes as the price climbs above a key resistance point.
The $0.5115 range was broken earlier in the day, and the 10-day (red) moving average was crossed against its 25-day (blue) counterpart.
Looking at the charts, another noteworthy event is that the 14-day Relative Strength Index (RSI) has also moved above the high range at 56.00.
Now tracking near 58.00, if the index reaches its high resistance point of 60.40, we can see that ADA price may retest the $0.5440 mark.
sandbox (sand)
The Sandbox (SAND) was another notable mover to start the weekend, with prices also hitting a multi-week high.
SAND/USD was able to climb above its $1.00 mark on Saturday, reaching an intraday high of $1.02 in the process.
Today’s peak is the strongest point SAND has reached since August 26, and comes after four days of back-to-back gains.
Some fear that the run could be shortened, however, the RSI is set to hit the ceiling at 49.30.
At the time of writing, the RSI is tracking 48.33, its highest point since mid-August, when the price traded above $1.35.
If the index moves above the upcoming hurdle, the bulls will be aiming an exit near the $1.10 resistance area.
Register your email to receive weekly price analysis updates delivered to your inbox:
Will the sandbox be above $1.00 this weekend? Let us know your thoughts in the comments.
image credit: Shutterstock, Pixabay, WikiCommons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation or recommendation or endorsement of an offer to buy or sell any products, services, or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the Company nor the author is responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use or reliance on any materials, goods or services mentioned in this article.