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. Globalement, the global crypto market cap is up nearly 2% as of writing.
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Cardano (IL Y A)
Cardano (IL Y A) climbed to a three-week high on Saturday, as the token rose for a fourth consecutive session.
Following a low of $0.4894 on Friday, IL Y A/USD was able to reach a peak of $0.5235 to start the weekend.
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.
En regardant le graphique, another notable occurrence is that the relative strength index (IRS) of 14-days also moved beyond a ceiling, à 56.00.
Now tracking close to 58.00, should the index hit its higher resistance point of 60.40, we could see IL Y A price recapture the $0.5440 mark.
Le bac à sable (SABLE)
The sandbox (SABLE) 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 Dans le processus.
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, toutefois, as the RSI looks set to collide with a ceiling at 49.30.
Au moment de l'écriture, le RSI suit à 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? Faites-nous part de vos réflexions dans les commentaires.
Crédits image: Shutterstock, Pixabay, Wiki Commons
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