Biggest Movers: LINK Nears 2-Week High, SOL Extends Recent Gains – Market Updates Bitcoin News
2 min read
Chainlink rallied to a 12-day high earlier in today’s session, as the token neared the $7.00 level. The move comes as prices rose for a fourth straight session, climbing by over 5% on Thursday. Solana has been another notable gainer, as prices closed in on a ten-day high.
Chainlink (LINK)
Chainlink (LINK ) rose for a fourth straight session on Thursday, with the token nearing a 12-day high in the process.
Following a low of $6.37 on Wednesday, LINK/USD surged to an intraday peak of $6.84 earlier in the day.
The surge in price saw chainlink move to its highest level since November 12, when price was above $7.00.
Looking at the chart, bulls appear to be targeting a move back above this point, with a ceiling of $7.15 a potential landing spot.
In order to get there, bullish momentum will need to first overcome a resistance of 50.00, on the relative strength index (RSI).
Should this occur, LINK willy likely move above $7.00, en route to the $7.15 price target.
Solana (SOL)
Solana (SOL) was once again in the green, as the token continues to move away from a recent all-time low.
SOL/USD, which was a top 10 cryptocurrency prior to the FTX collapse, hit an intraday high of $14.85 earlier today.
As a result of today’s surge, solana was trading at its strongest point since November 15, when price was last above $15.00.
Earlier gains have somewhat declined, with previous bulls moving to secure gains as the RSI hovered near a resistance point.
Honing in on the chart, the index is currently tracking at 35.96, which is marginally below a key ceiling of 37.00.
Volatility in the markets remains high, as traders continue to move away from projects and tokens which may have high exposure to FTX, and Alameda.
Register your email here to get weekly price analysis updates sent to your inbox:
Could solana return to the top 10 crypto list before the end of the year? Let us know your thoughts in the comments.
Image Credits: Shutterstock, Pixabay, Wiki Commons, sdx15 / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Read disclaimer
