Biggest Movers: ATOM Moves Closer to 4-Month High, LINK Also Higher

Cosmos was erstwhile again successful the green, arsenic the token moved person to a four-month precocious during Friday’s session. Prices roseate past a cardinal absorption level during the day, arsenic bullish sentiment continued to rise. Chainlink besides traded higher, arsenic prices surged for a 3rd consecutive session.

Cosmos (ATOM)

Cosmos (ATOM) continued to commercialized higher connected Friday, arsenic the token moved person to a multi-month high.

ATOM/USD roseate to an intraday precocious of $16.25 successful today’s session, pushing prices supra a cardinal absorption level successful the process.

The aforementioned ceiling is the $16.15 level. The determination comes little than 24 hours aft prices were trading astatine a debased of $14.40.

Friday’s surge takes the token person to past Friday’s highest of $17.20, which was the highest constituent for ATOM since May 9.

As seen from the illustration above, the 14-day comparative spot scale (RSI) is tracking astatine the 65.00 mark, which has historically been a level of resistance.

If cosmos were to recapture, and surge past past week’s high, past the likelihood of ATOM moving supra $17.20 would exponentially increase.

Chainlink (LINK)

Like ATOM, chainlink (LINK) besides roseate for a 3rd consecutive league connected Friday, arsenic bulls continued to propulsion prices toward a cardinal absorption level.

Following a debased of $7.07 connected Thursday, LINK/USD raced to an intraday precocious of $7.77 earlier successful the day.

This highest pushed the token person to its semipermanent terms ceiling of $8.05, which is the level LINK was trading astatine to commencement the week.

However, pursuing disappointing ostentation information from the United States, marketplace volatility rose, sending crypto prices mostly lower.

Today’s surge comes arsenic the 14-day RSI moved past a cardinal obstacle, which successful this lawsuit is the 53.95 absorption level.

Bulls volition apt proceed to people a determination supra $8.00 this weekend, nevertheless it remains to beryllium seen if determination is capable momentum successful the marketplace to spot this through.

Register your email present to get play terms investigation updates sent to your inbox:

Do you expect chainlink to deed $8.00 this weekend? Let america cognize your thoughts successful the comments.