Cosmos was once again in the green, as the coin neared a four-month high during Friday’s session. The price increased above a key resistance level during the day as the bullish sentiment continued to increase. Chainlink also traded higher, as prices rose for the third consecutive session.
the universe (atom,
the universe (atom) continued to trade higher on Friday, as the coin moved closer to a multi-month high.
atom/USD rose to a high of $16.25 in today’s session, pushing the price above a key resistance level in the process.
The ceiling above is the level of $16.15. The move comes less than 24 hours after the price traded as low as $14.40.
Friday’s surge takes the token closer to last Friday’s peak of $17.20, which was the highest point for atom From 9 May.
As seen from the chart above, the 14-day Relative Strength Index (RSI) is tracking the 65.00 level, which has historically been a level of resistance.
If the universe were to recover, and rise above last week’s highs, the likelihood of atom A move above $17.20 would result in a bullish rise.
to like atomChainlink (LINK) also rose for the third straight session on Friday as bulls continued to push the price towards a key resistance level.
After hitting a low of $7.07 on Thursday, LINK/USD rose to a high of $7.77 earlier in the day.
This peak pushed the coin closer to its long-term price range of $8.05, which is LINK’s level for the start of the week.
However, after disappointing inflation data from the United States, volatility in the market increased, causing crypto prices to drop mostly.
Today’s surge comes when the 14-day RSI crossed a key hurdle, which in this example is the 53.95 resistance level.
The bulls will continue to target a move above $8.00 for the end of the week, although it remains to be seen whether the market has enough momentum to see this happen.
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Credit : news.bitcoin.com