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.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.