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

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Cosmos was as soon as once more within the inexperienced, because the token moved nearer to a four-month excessive throughout Friday’s session. Prices rose previous a key resistance degree throughout the day, as bullish sentiment continued to rise. Chainlink additionally traded increased, as prices surged for a 3rd straight session.

Cosmos (ATOM)

Cosmos (ATOM) continued to commerce increased on Friday, because the token moved nearer to a multi-month excessive.

ATOM/USD rose to an intraday excessive of $16.25 in at this time’s session, pushing prices above a key resistance degree within the course of.

The aforementioned ceiling is the $16.15 degree. The transfer comes lower than 24 hours after prices have been buying and selling at a low of $14.40.

Friday’s surge takes the token nearer to final Friday’s peak of $17.20, which was the best level for ATOM since May 9.

As seen from the chart above, the 14-day relative power index (RSI) is monitoring on the 65.00 mark, which has traditionally been a degree of resistance.

If cosmos have been to recapture, and surge previous final week’s excessive, then the chance of ATOM shifting above $17.20 would exponentially enhance.

Chainlink (LINK)

Like ATOM, chainlink (LINK) additionally rose for a 3rd consecutive session on Friday, as bulls continued to push prices towards a key resistance degree.

Following a low of $7.07 on Thursday, LINK/USD raced to an intraday excessive of $7.77 earlier within the day.

This peak pushed the token nearer to its long-term value ceiling of $8.05, which is the extent LINK was buying and selling at to begin the week.

However, following disappointing inflation knowledge from the United States, market volatility rose, sending crypto prices principally decrease.

Today’s surge comes because the 14-day RSI moved previous a key impediment, which on this occasion is the 53.95 resistance degree.

Bulls will probably proceed to goal a transfer above $8.00 this weekend, nevertheless it stays to be seen if there’s sufficient momentum out there to see this by way of.

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