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The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows.
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On May 31, Tether (USDT) tokens issued on the Tron blockchain reached another all-time high of $46 billion, compared to $36.8 billion for Ethereum, accounting for over 60% of USDT’s circulating supply. The milestone comes on the fifth-anniversary launch of the Tron mainnet.
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Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.
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The MACD also shows that SAND is experiencing a short-term bullish period, indicating that the candlesticks would continue to rise up the following days.
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SAND is also closer to the support region and has a long way ahead in order to touch the Resistance level.
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The SAN/USDT 1-Day Chart shows that the candlesticks are below the 200MA, indicating that SAND is witnessing a long-term bearish sentiment as per the Moving Average readings.
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