Monero rose for the third straight session on Thursday, with the token just shy of its six-week high. This price rise is despite the fact that the global market cap is mostly consolidated and trading just 0.50% higher at the time of writing; as for LINK, the chain-linked bulls have so far been unable to break out of a key resistance point.
Monero (XMR
Monero (XMR) was one of Thursday’s notable gainers, with prices rising for the third consecutive session.
XMR/USD rose to a high of $163.19 in today’s session, a day after falling to a low of $155.83.
move,the XMRheaded for last Sunday’s high of $166.07, its highest since Feb. 20.
The chart shows that today’s move is due to Monero’s recent surge above resistance at $160.00.
Overall, the 14-day Relative Strength Index (RSI) surged as it collided with its own ceiling at 55.00.
At the time of this writing, the index was hovering at 54.86, which is its highest level for the week.
Chain Link (LINK)
Chainlink (LINK), on the other hand, was mostly lower on Thursday, as the token failed to break above a key price range.
LINK/USD fell to a low of $7.25 in today’s session – this after prices reached a peak of $7.53.
Today’s highs saw the chain link move toward the $7.55 ceiling, but the bulls were unable to secure a breakout.
Looking at the chart, the failure to cross $7.55 seems to coincide with the RSI falling at its own resistance.
As of this writing, the index is hovering at 53.16, below the aforementioned ceiling of 55.00.
Overall, the LINK is currently trading at $7.32, and sentiment for today’s session is mostly bearish.
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