Floridas guvernør Ron DeSantis siger, at staten 'finder ud af måder' til at tillade virksomheder at betale skat i Bitcoin: DER ER, SAND-stigning til multi-ugers højder på lørdag

Cardano was one of Saturday’s notable gainers, with the token surging to 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 nearly 2% i skrivende stund.

Cardano (DER ER)

Cardano (DER ER) climbed to a three-week high on Saturday, as the token rose for a fourth consecutive session.

Efter en lav af $0.4894 på fredag, DER ER/USD was able to reach a peak of $0.5235 at starte weekenden.

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 ceiling of $0.5115 was broken earlier in the day, and comes as the 10-day (red) moving average crossed against its 25-day (blue) counterpart.

Ser på diagrammet, another notable occurrence is that the relative strength index (RSI) of 14-days also moved beyond a ceiling, på 56.00.

Now tracking close to 58.00, should the index hit its higher resistance point of 60.40, we could see DER ER price recapture the $0.5440 mærke.

Sandkassen (SAND)

The sandbox (SAND) was another notable mover to start the weekend, with prices also hitting a multi-week high.

SAND/USD was able climb above its $1.00 mark on Saturday, hitting an intraday high of $1.02 in the process.

Today’s peak is the strongest point that SAND has reached since August 26, and comes after four days of back-to-back gains.

Some fear that this run could be cut short, imidlertid, as the RSI looks set to collide with a ceiling at 49.30.

Som i skrivende stund, the RSI is tracking at 48.33, which is its highest point since mid-August, when prices were trading above $1.35.

Should the index move past the upcoming hurdle, bulls will likely aim to target exits close to resistance around $1.10.

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Will the sandbox remain above $1.00 this weekend? Fortæl os dine tanker i kommentarerne.

Elijah Dambell

Eliman bringer et eklektisk synspunkt til markedsanalyse, efter at have arbejdet som mæglerdirektør, detailhandel underviser, og markedskommentator i Crypto, Aktier og valuta.

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