Solana rose as much as 8% to end the week, with the token headed for a one-month high. The token rose for the second consecutive session as the global banking crisis drove investors toward cryptocurrencies. Chainlink also rose, hitting a three-week high.
Solana (SOL)
Solana (SOL) approached a one-month high earlier in the week as prices surged 10% in today’s session.
After hitting a low of $21.59 on Sunday, SOL/USD ran up to an intraday peak of $23.83 later in the day.
As a result of Monday’s move, SOLANA has now moved to its strongest level since late February.
Overall, the token is trading nearly 10% higher than at the same point last week when prices were below $20.
Today’s surge comes on the heels of the 14-day Relative Strength Index (RSI) breaking through its ceiling.
As of this writing, the index is hovering at 58.85, just above the 57.00 ceiling.
Chain Link (LINK)
In addition to SOL, Chain Link (LINK) also opened the week in the green, with prices trading as much as 3% higher.
LINK/USD rose to a peak of $7.38 later in the day, reaching a low of $6.99 less than 24 hours after falling to a low of $6.99.
The surge moved the chain link to its highest level since March 2, when the token was trading as high as $7.57.
Like Solana, the breakout made by the RSI indicator triggered the move.
At the time of this writing, the index is hovering at 57.00, just above the aforementioned 55.00 resistance
If this upward momentum continues over the next few days, the LINK will likely hit the $7.60 ceiling.
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