DOT Remains Near Multi-Month High, As LINK Hits 9-Day High – Market Updates Bitcoin News
Polkadot held close to its highest level since September as bullish sentiment surged to start the weekend. After a move above $7.00 on Friday, momentum was high during Saturday’s session. Chainlink was also higher, with price tracking at a nine-day high.
Polka dot (DOTS)
Polkadot ( DOT ) held close to a multi-month high on Saturday, after breaking above a resistance level of $7.15.
DOT/USD rose to an intraday high of $7.39 to start the weekend, following a low of $6.71 the previous day.
After Friday’s low, the token rallied significantly higher as the day progressed, climbing to a six-month high of $7.42.
As a result of this move, the 10-day (red) moving average is now approaching an upward cross with its 25-day (blue) counterpart.
This comes less than a week after a bearish cross, but it appears the momentum has already shifted.
Should bulls maintain this trajectory, $8.00 is likely to be the short-term target.
Chainlink (LINK)
Chainlink (LINK) also rose higher to start the weekend, with prices climbing to a nine-day high.
After a low of $7.26 on Friday, LINK/USD rallied to a high of $7.71 earlier in today’s session.
The move came as chainlink broke out of a resistance level at $7.60, with prices at their strongest since February 9.
Overall, previous gains have pared somewhat, with the relative strength index (RSI) moving towards a long-term floor of 59.00.
As of this writing, price strength is tracking at 59.83, with chainlink now trading lower at $7.55.
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Can chainlink get above $8.00 this weekend? Let us know your thoughts in the comments.
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