The graph showed a remarkable move during Friday’s session as tokens rose to multi-week highs. Today’s session saw prices rise by as much as 16%, with Chainlink also rising in price by double-digit percentages. Overall, the global crypto market size is up 1.92% at the time of writing.
Graph (GRT)
Graph (GRT) was one of the big movers in the crypto market on Friday, as token prices soared over 16%.
Following a low of $0.1082 in Thursday’s session, GRT/USD rose to an intraday high of $0.1373 earlier today.
The move today broke out of the key resistance level at $0.1305, hitting its highest point since June 11 in the process.
As a result of this bullish momentum, the GRT’s 14-day relative strength index hit a 3-month high of 64.89.
Now that the token is moving into overbought territory, bears are probably preparing for a re-entry, with a ceiling of $0.1585 a possible entry point.
If the current move continues, this will likely be the target for destination bulls and many may secure profits at that point.
Chain Link (LINK)
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In addition to GRT, Chain Link (LINK) is also in the green, up over 10% in today’s session.
The token rose to a peak of $7.83 on Friday as prices rose above the recent cap of $7.40.
Like GRT, this point was the highest level LINK has traded since June 11, less than 24 hours after prices were at a low of $6.76.
The 14-day RSI has also peaked for the first time in three months, and momentum between the 10-day and 25-day moving averages is trending higher.
At this rate, the next target for the bulls could be above $9, with a possible ceiling at $9.50.
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