Biggest Movers: SAND up 15% on Friday, as MATIC Rebounds From Near 10-Day Low

SAND rose more than 15% on Friday as crypto prices rebounded after selling off during Thursday’s trading session SAND fell to a one-week low yesterday and another notable gainer MATIC, fell to a nearly 10-day low on Thursday. Overall, the crypto market is up 1.30% at the time of writing.

Sandbox (SAND)

SAND was one of the most notable moves during today’s trading session as crypto prices rebounded on Friday.

Following a low of $0.9644 on Thursday, SAND/USD rose to an intraday peak of $1.17 at the start of July.

Token prices have risen little over the past two weeks after hitting a bottom of $0.7393 on June 18.

This was the lowest SAND has been since October 2021, prompting bulls to re-enter the market and buy the dip.

Looking at the chart, and despite recent price uncertainty, the 10-day moving average (MA) is slightly crossing the 25-day MA.

This uptrend means that bulls may try to raise prices further, targeting the $1.50 point.

Polygon (MATIC)

MATIC has been trading in a channel of lows for the past seven days, but today’s rally halted that trend.

It fell to a bottom of $0.4224 on Thursday but rallied to a peak of $0.4957 on Friday.

As of this writing, MATIC/USD is up nearly 9% from yesterday’s low, but volatility remains high.

Bears seem to be trying to bring the price down to the support level around $0.3975, but the bulls are resisting this for now.

After breaking out of the 14-day RSI support point at 46.50, the indicator has struggled to find a new floor and is currently at 42.79.

Unless the bears can push back toward this old support point, they will look to push this to a lower level, 39.20, which would almost certainly take MATIC below $0.4000.

Image credits: Shutterstock, Pixabay, Wiki Commons, Ira Lichi / Shutterstock.com