Ethereum classic traded close to its April high, with the token rising by almost 10% on Friday. Despite crypto markets being mostly in the red in today’s session, a handful of tokens managed to climb higher. Chainlink, another token that rose higher than the rest of crypto markets was Chainlink which reached a 2-month peak earlier today.
Ethereum (ETC)
Etherum classic (ETC) was trading close to a four-month high in today’s session, as the token extended recent gains.
ETC/USD gained on three consecutive days and reached an intraday record $44.31
This comes less than 24 hours after the token was at a low below $38.00, and it’s now climbing towards a recent high of $45.40.
This chart shows that this is the largest ETC peak since April 7, when prices dropped below $50.00.
As of the writing, ethereum Classic has declined marginally and currently trades at $42.04.
The relative strength index (RSI), which measures the strength of the stock over the past 14 days, collided with a resistance of 71. This is the highest level since July 31.
If ETC bulls want to reclaim their multi-month highs then this obstacle must be overcome.
Chainlink (LINK).
In addition to ETC, chainlink (LINK) was trading higher in today’s session, as prices climbed to their highest point since June.
After residing at a floor of $8.85 on Friday, LINK/USD surged to a high of $9.43 earlier in today’s session.
This peak was the most LINK trade since June 9.
This chart clearly shows how price strength increased momentum drove the RSI to break out of the ceiling at 71.
The indicator currently has a reading 72.24. This is the highest level since September 2021.
This might be a problem for bulls as they attempt to attain $10.00 due to current overbought prices.
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Can chainlink hit $10.00 despite being overbought? Please share your views with us in the comments.
Credits for the imageShutterstock. Pixabay. Wiki Commons
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