The graph was a notable mover in Friday’s session, as the token hit a multi-week high. Prices rose 16% in today’s session, with Chainlink also seeing a double-digit percentage increase in its price. Overall, the global crypto market cap is up 1.92% as of writing.
Graph (GRT)
Graph (GRT) was one of the big movers in the crypto markets on Friday, as the price of the token increased by over 16%.
After hitting a low of $0.1082 during Thursday’s session, GRT/USD rose to a high of $0.1373 earlier today.
Today’s move saw the token breakout of a key resistance level at $0.1305, in the process reaching its highest point since June 11.
As a result of this increased bullish momentum, the GRT saw its 14-day Relative Strength Index hit a three-month high of 64.89.
Now that the coin is entering the overbought zone, the bears may be preparing for a re-entry with a maximum range of $0.1585.
Should this current trend continue, it will likely be the target of the destination bulls, with many likely to secure gains at that point.
Chainlink (Link)
Apart from GRT, Chainlink (LINK) was also in the green during today’s session, with prices rising by over 10%.
The coin climbed to a peak of $7.83 on Friday as the price rose above the recent high of $7.40.
Like GRT, this point is a link to the highest level since June 11, and comes less than 24 hours after the price hit a low of $6.76.
The 14-day RSI is also now at a three-month high, with the 10-day and 25-day moving averages showing an upward move.
If this continues, the next potential target for the bulls could be higher above $9, with a maximum range of $9.50.
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Will we see Chainlink reach $10 in August? Let us know your thoughts in the comments.
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