Chainlink (LINK)
Chainlink (LINK) experienced a decline today, following a three-day winning streak. The price reached a high of $7.86 on Wednesday but dropped to $7.57 earlier today. This decline caused chainlink to move away from its potential long-term ceiling at $8.00.
- Chainlink (LINK) saw a decline after reaching a peak of $7.86.
- Price strength is currently at 57.27 on the RSI.
- If bears continue to drive the price down, LINK could reach $7.00.
XRP
XRP also experienced a notable decline today, with a 5% decrease in price. After reaching a peak of $0.6623 yesterday, XRP dropped to $0.6253. Since its peak on July 13, XRP has been on a downward trend after reaching a 20-month high of $0.9479.
- XRP fell by 5% during today’s session.
- The RSI failed to break out of the resistance zone at 46.00.
- If bearish momentum continues, XRP could reach $0.5000.
Hot Take
Both Chainlink (LINK) and XRP experienced declines today, with LINK facing resistance at the $8.00 level and XRP struggling to break out of the 46.00 resistance zone. Both cryptocurrencies may continue to face downward pressure in the coming days. It will be important to monitor their price movements and key support levels.
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