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

SAND surged by arsenic overmuch arsenic 12% connected Wednesday, arsenic prices moved to a ten-day precocious during the session. The emergence comes arsenic crypto markets were mostly successful the green, with AVAX besides rising implicit the people of the day. As of writing, the planetary crypto marketplace headdress is astir 3% higher.

The Sandbox (SAND)

SAND was 1 of the notable movers connected hump day, arsenic prices of the token roseate by arsenic overmuch arsenic 12% implicit the people of the day.

After falling to a debased of $1.12 connected Tuesday, SAND/USD moved to a precocious of $1.28 earlier successful today’s session.

The determination saw the token ascent to its highest level since June 25, moving person to a cardinal absorption level successful the process.

Looking astatine the chart, this absorption is astatine the $1.35 point, and has not been breached since precocious May, erstwhile prices were trading astir the $1.50 mark.

In bid to not lone scope this ceiling, but perchance interruption it, we would request to spot the 14-day RSI determination beyond a hurdle of its own.

As of writing, the Relative Strength Index is tracking astatine 57.50, which is somewhat beneath a absorption level of 58.

Avalanche (AVAX)

AVAX was besides successful the greenish implicit the people of Wednesday’s session, arsenic the token likewise moved towards a absorption point.

Wednesday saw AVAX/USD rally to an intraday highest of $18.90, which is implicit $2 higher than yesterday’s debased astatine $16.75.

As a effect of this caller bullish pressure, avalanche is present moving towards a absorption constituent of $20, which hasn’t been deed since June 27.

Similar to SAND, successful bid for AVAX to proceed to inclination higher, we would request to spot it interruption retired of its absorption level astatine 47, connected the RSI indicator.

The caller volatility successful prices tin beryllium seen by looking astatine the moving averages, which person been intertwined successful caller days, pursuing a transverse betwixt the 10-day and 25-day MAs.

Once this turbulence fades, we whitethorn statesman to spot prices successful a clearer absorption successful momentum, particularly successful the abbreviated term.

Do you expect AVAX to scope $20 successful upcoming days? Let america cognize your thoughts successful the comments.