Chainlink (LINK)
Chainlink (LINK) has seen a 7% increase in today’s session, reaching a two-month high.
The LINK/USD pair reached an intraday high of $8.21, following a previous low of $7.69.
This surge in price has brought chainlink to its highest level since July 22 when it reached $8.37.
The breakout above the $8.10 resistance level is likely responsible for this upward movement.
As a result, the relative strength index (RSI) is now in the overbought region, with a reading of 74.28.
Bears may interpret this as an opportunity to trigger a price reversal, with a potential entry point at the ceiling of 75.00.
Solana (SOL)
Solana (SOL) has maintained its position above $20.00 on Saturday, nearing a significant price point.
After reaching a low of $20.06 on Friday, SOL/USD rose to a high of $20.42 during the weekend’s session.
This puts the cryptocurrency close to a ceiling at $20.50, although bulls have not yet been able to break through this level.
The price gains have since decreased, with solana currently trading at $20.30 and the RSI facing resistance at 56.00.
If momentum continues to weaken, bears may target a floor of 53.00 as their next goal.
Hot Take: Chainlink and Solana Continue to Rise
Both Chainlink (LINK) and Solana (SOL) have experienced positive price movements recently.
Chainlink reached a two-month high after breaking through a key resistance level, while Solana remains above $20.00, approaching an important price point.
It will be interesting to see if these upward trends continue and if bulls can maintain their momentum in the coming days.
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