The graph was a notable mover in Friday’s session, as the token rallied to a multi-week high. Prices rose by as much as 16% in today’s session, with chainlink also seeing its price climb by a double-digit percentage. Global crypto market cap has increased by 1.92% at the time of writing.
GRT stands for Graph
On Friday, the graph (GRT), which saw prices rise by more than 16%, was one of crypto market’s biggest movers.
Following a low of $0.1082 during Thursday’s session, GRT/USD rallied to an intraday high of $0.1373 earlier today.
Today’s move saw the token breakout of a key resistance level at$0.1305, hitting its highest point since June 11 in the process.
GRT experienced an increase in bullish momentum and its relative strength indicator of 14-day hit a record high of 64.89 for the third month.
The token has moved into territory that is overbought. Bears are likely to be getting ready for re-entry. A ceiling of $0.1585 could also serve as an entry point.
Should this current run continue, this would likely be the destination bull’s target, with many likely to secure gains at that point.
Chainlink (LINK).
In addition to GRT, chainlink (LINK) was also in the green during today’s session, with prices climbing by over 10%.
Friday witnessed the token reach a record high of $7.83 as prices soared above the previous ceiling of $7.40.
Similar to GRT, this is the highest level LINK trades at since June 11. It also comes 24 hours less than prices at $6.76.
Now, the 14 day RSI is at a 3-month peak. The momentum of the 10-day as well as the 25-day moving mean are trending upwards.
This could mean that bulls will be expected to target more than $9, and a limit of $9.50 should they continue.
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Chainlink could hit $10 by August. We’d love to hear your comments.
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