Chainlink prices increased Thursday by as much as 7%, marking the fourth straight day of gains to kick off the weekend. The action lifted the token to a two-month high and allowed it to surpass a significant barrier. On Saturday, Solana increased recent advances.
Chainlink (LINK)
In today's session, Chainlink (LINK) increased by as much as 7% as the token reached a two-month high.
To start the weekend, LINK/USD surged to an intraday high of $8.21, after the previous day's low of $7.69.
Chainlink reached its best point as a result of the surge since the price peaked at $8.37 on July 22.
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LINK/USD--Daily Chart |
The move looks to have taken place following a breakout of a ceiling at $8.10, according to the chart.
The relative strength index (RSI), which now has a reading of 74.28, was also overbought as a result of this rise.
With a ceiling of $75.00 as a potential entry point, bears may view this as a chance to start a price reversal.
Solana (SOL)
On Saturday, Solana (SOL) held above the $20.00 mark as it approached a significant price milestone.
SOL/USD surged to a high of $20.42 earlier in the weekend session after reaching a low of $20.06 on Friday.
This brought the cryptocurrency close to its $20.50 ceiling, and bulls haven't been able to push it past it yet.
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SOL/USD--Daily Chart |
As a result, earlier gains have already been slightly reduced. Solana is currently trading around $20.30, and the RSI is below its own resistance level of 56.00.
Price strength is currently at 55.96, and if momentum continues to wane this weekend, bears could aim for a floor of 53.00.
Will solana drop below $20 in the near future? Post your comments to let us know what you think.