Größte Umzugshelfer: ES GIBT, SAND Surge to Multi-Week Highs on Saturday

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. Gesamt, the global crypto market cap is up nearly 2% as of writing.

Cardano (ES GIBT)

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

Following a low of $0.4894 am Freitag, ES GIBT/USD was able to reach a peak of $0.5235 um ins Wochenende zu starten.

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.

Blick auf das Diagramm, another notable occurrence is that the relative strength index (RSI) of 14-days also moved beyond a ceiling, bei 56.00.

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

Die Sandkiste (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 dabei.

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, jedoch, as the RSI looks set to collide with a ceiling at 49.30.

Stand des Schreibens, der RSI verfolgt 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? Teilen Sie uns Ihre Gedanken in den Kommentaren mit.

Elijah Dambell

Eliman bringt einen eklektischen Standpunkt in die Marktanalyse ein, nachdem er als Maklerdirektor gearbeitet hatte, Einzelhandelspädagoge, und Marktkommentator in Crypto, Aktien und Devisen.

Bildnachweise: Shutterstock, Pixabay, Wiki-Commons