Biggest Movers: LINK Races to 2-Month High, SOL Extends Gains

Chainlink rose for a fourth straight day to start the weekend, as the price surged by as much as 7% in today’s session. The move pushed the token to a two-month high, breaking out of a key resistance level in the process. Solana extended recent gains on Saturday.

Chainlink (LINK)

Chainlink (LINK) rose by as much as 7% in today’s session, as the token climbed to a two-month peak.

LINK/USD raced to an intraday high of $8.21 to start the weekend, which comes a day after falling to a low of $7.69.

As a result of the rally, chainlink climbed to its highest level since July 22, when the price peaked at $8.37.

From the chart, it appears that the move occurred after bulls orchestrated a breakout of a ceiling at $8.10.

This gain also pushed the relative strength index (RSI) into the overbought region, with a current reading of 74.28.

Bears may see this as an opportunity to trigger a price reversal, with a ceiling of 75.00 as a potential entry point.

Solana (SOL)

Solana (SOL) remained above the $20.00 level on Saturday, as the token neared a key price point.

Following a low of $20.06 on Friday, SOL/USD jumped to a high of $20.42 earlier in the weekend’s session.

This saw the cryptocurrency near a ceiling of $20.50, with bulls so far unable to force a breakout beyond this level.

Earlier gains have since edged lower as a result, with solana now trading at $20.30, with the RSI under a resistance point of its own at 56.00.

Price strength now sits at 55.96, with a floor of 53.00 a possible target for bears, in the event momentum continues to weaken this weekend.

Will solana fall under $20.00 in the coming days? Let us know your thoughts in the comments.

from Bitcoin News https://ift.tt/59ZhQYC

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