Cosmos was once again in the green, as the token moved closer to a four-month high during Friday’s session. As bullish sentiment continued rising, prices rose beyond a crucial resistance level. Chainlink was also trading higher as the prices surged for the third consecutive day.
Cosmos (ATOM), which traded higher Friday, moved closer towards a multi-month peak.
ATOM/USD rose to an intraday high of $16.25 in today’s session, pushing prices above a key resistance level in the process.
That ceiling is $16.15. This move is less than 24 hours following prices trading as low at $14.40.
Friday’s surge takes the token closer to last Friday’s peak of $17.20, which was the highest point for ATOM since May 9.
The chart shows that the 14-day relative Strength Index (RSI), which is historically a resistance level, is currently at 65.00.
If cosmos were to recapture, and surge past last week’s high, then the likelihood of ATOM moving above $17.20 would exponentially increase.
Chainlink (LINK) rose again on Friday like ATOM. Bulls continue to push prices higher towards key resistance levels.
After a Thursday low of $7.07, LINK/USD surged to an intraday peak of $7.77 early in the morning.
The token was pushed closer to $8.05 as its long-term price limit. This is also the level LINK traded at the beginning of the week.
However, after disappointing US inflation data, crypto market volatility rose and sent prices generally lower.
Today’s surge comes as the 14-day RSI moved past a key obstacle, which in this instance is the 53.95 resistance level.
The bulls are likely to continue their pursuit of a move over $8.00 this weekend. However, it is still to be seen whether there is sufficient momentum to make this happen.
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What do you think chainlink will be worth this weekend at $8.00? Please share your views with us in the comments.
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