GRT, LINK Rally to Multi-Week Highs on Friday – Market Updates Bitcoin News
The graph was a notable draw in Friday’s session, as the token surged to a multi-week high. Prices rose by as much as 16% in today’s session, with chainlink also seeing prices rise by a double-digit percentage. Overall, the global crypto market value is up 1.92% at the time of writing.
The Graph (GRT)
Graphene (GRT) was one of the big movers in the crypto markets on Friday, as prices of the token rose by over 16%.
Following a low of $0.1082 during Thursday’s session, GRT/USD rose to an intraday high of $0.1373 earlier today.
Today’s move saw the token break out of a key resistance level at $0.1305, reaching its highest point since June 11 in the process.
As a result of this increased bullish momentum, GRT saw its 14-day relative strength index hit a three-month high of 64.89.
Now that the token is moving into overbought territory, bears are likely to prepare for re-entry, with a ceiling of $0.1585 as a possible entry point.
Should this current run continue, this is likely to be the destination bull target, with many likely to secure gains at that point.
Chainlink (LINK)
In addition to GRT, chainlink (LINK) was also in the green during today’s session, with prices climbing by over 10%.
Friday saw the token climb to a high of $7.83 as prices rose above a recent ceiling of $7.40.
As with GRT, this point is the highest level LINK has traded at since June 11, and comes less than 24 hours after prices hit a low of $6.76.
The 14-day RSI is now also at a three-month high, with the momentum of the 10-day and 25-day moving averages trending higher.
Should this continue, the next possible target for bulls could be above $9, with a ceiling of $9.50 a possibility.
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Will we see chainlink possibly hit $10 in August? Let us know your thoughts in the comments.
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