Chainlink (LINK)
Chainlink (LINK) experienced a significant surge on Tuesday, with prices increasing by 4% during the session. The day started with a low of $7.00 but reached an intraday peak of $7.42. Bulls rejected a breakout at the long-term support point, indicating their strength.
- The 14-day relative strength index (RSI) moved away from the 48.00 mark, currently at 52.20.
- If the resistance zone of 53.00 is breached, there is a high chance that LINK could reach $7.50.
Solana (SOL)
Solana (SOL) also witnessed significant gains on Tuesday, with prices approaching the $24.00 level. Starting the week at $22.49, SOL/USD reached an intraday peak of $23.68.
- Momentum has shifted in favor of the bulls, with SOL trading at its highest point since last Wednesday.
- The RSI is nearing a collision with a ceiling at 53.00, currently at 51.87.
- If SOL continues its upward trend, it could surpass $24.00.
Hot Take
Both Chainlink (LINK) and Solana (SOL) experienced positive movements on Tuesday, showing signs of bullish momentum. While LINK has the potential to reach $7.50 if it breaks the resistance zone of 53.00, SOL is nearing the $24.00 level. It will be interesting to see if both cryptocurrencies can maintain their upward trajectory and continue to attract more investors.
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