Fun

Biggest Movers: SAND up by 12% on Wednesday, Hitting a 10-Day High

News Feed - 2022-07-07 12:07:50

Biggest Movers: SAND up by 12% on Wednesday, Hitting a 10-Day High


SAND surged by as much as 12% on Wednesday, as prices moved to a ten-day high during the session. The rise comes as crypto markets were mostly in the green, with AVAX also rising over the course of the day. As of writing, the global crypto market cap is nearly 3% higher. The Sandbox (SAND)


SAND was one of the notable movers on hump day, as prices of the token rose by as much as 12% over the course of 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.


The move saw the token climb to its highest level since June 25, moving closer to a key resistance level in the process. SAND/USD – Daily Chart


Looking at the chart, this resistance is at the $1.35 point, and has not been broken since late May, when prices were trading around the $1.50 mark.


In order to not only reach this ceiling, but potentially break it, we would need to see the 14-day RSI move beyond a hurdle of its own.


As of writing, the Relative Strength Index is tracking at 57.50, which is slightly below a 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. AVAX/USD – Daily Chart


Similar to SAND, in order for AVAX to continue to trend higher, we would need to see it break out of its resistance level at 47, on the RSI indicator.


The recent volatility in prices can be seen by looking at the moving averages, which have been intertwined in recent days, following a cross between the 10-day and 25-day MAs.


Once this turbulence fades, we may begin to see prices in a clearer direction in momentum, especially in the short term. Tags in this story Analysis, Avalanche, AVAX, SAND, The Sandbox


Do you expect AVAX to reach $20 in upcoming days? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: BTC Hovers Slightly Above $20,000, as Crypto Volatility Continues MARKET UPDATES | 11 hours ago Biggest Movers: ATOM Approaches 1-Month High, While MATIC Hits 1-Week High MARKET UPDATES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons, photo_gonzo / Shutterstock.com Previous articleThe Premiere of ClearIndex, With NFT Series Indices Released Today Next articleIsraeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of 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 caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Tony Hawk"s Latest NFTs to Come With Signed Physical Skateboards Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Today"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits Iran to Increase Penalties for Unauthorized Cryptocurrency Mining

News Feed

Ana Paula Pereira2 hours agoVyper vulnerability exposes DeFi ecosystem to stress testsA number of pools using Vyper have been exploited due to a malfunctioning reentrancy lock that potentially exposes all pools with wrap
Mercado Pago Launches Cryptocurrency Trading Services in Mexico
Mercado Pago Launches Cryptocurrency Trading Services in Mexico Mercado Pago, the financial wallet division of Mercado Libre, the Latam e-tail giant, has announced the launch of cr
BONK Price Ready To Surge 1,105% From Here? Analyst Reveals Key Levels To Watch
Este artículo también está disponible en español. The BONK price movementshave brought it close to a critical support level, and its reaction could make or break its pric
Trava Knight NFT Open to All, Trava to Expand NFT Rental Marketplace Utilities for Lending Pool
Trava Knight NFT Open to All, Trava to Expand NFT Rental Marketplace Utilities for Lending Pool sponsored Something exciting & sensational is coming for NFT collectors and enthusias
Bitcoin, Ethereum Technical Analysis: Bitcoin Rebounds, Coinbase Confirms Holding 2 Million BTC
Bitcoin, Ethereum Technical Analysis: Bitcoin Rebounds, Coinbase Confirms Holding 2 Million BTC Bitcoin moved back above $16,000 on Nov. 23, as markets continued to react to the ne
Sanctions, Disagreements Hamper Regulation of Crypto Mining in Russia, Experts Say
Sanctions, Disagreements Hamper Regulation of Crypto Mining in Russia, Experts Say The changing geopolitical and economic environment, as well as persisting differences between res
XRP Analyst Marks XDC For 3,350% Take-Off As Bullish Metrics Emerge
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin, Ethereum Technical Analysis: Bitcoin Hits $25,000, Following Moving Average ‘Death’ Cross
Bitcoin, Ethereum Technical Analysis: Bitcoin Hits $25,000, Following Moving Average "Death" Cross Bitcoin was hovering close to $25,000 on Feb. 20, as cryptocurrency markets trade
Prashant Jha14 hours agoSeptember sets 2023 exploit record, and DAOs can democratize science: Finance RedefinedSeptember was the biggest exploit month in DeFi, with over $300 million in losses, taking the crown from Augu
BTC price dip hits 17.5% as week’s Bitcoin ETF net outflows near $500M
William Suberg2 hours agoBTC price dip hits 17.5% as week’s Bitcoin ETF net outflows near $500MBitcoin bulls brace for macro turbulence with the BTC price correction passing $12,000 versus recent all-time highs.3155 To
Bitcoin Rebounds Above $97K Ahead Of CPI Release – What To Expect
Este artículo también está disponible en español. Bitcoin has kicked off the week with notable volatility, showcasing the market’s unpredictability. After a sharp 6
Bitcoin surges after crypto ETPs notch record $2.7B weekly inflows
Tom Mitchelhill3 hours agoBitcoin surges after crypto ETPs notch record $2.7B weekly inflowsThe price of Bitcoin has pushed to reach new all-time highs above $72,000, spurred by record-breaking weekly inflows into crypto