Biggest Movers: DOT remains near multi-month high as LINK hits 9-day high
Polkadot (DOT) manages to black out with a resistance level of $7.15 and appears to be hovering near its multi-month high on Saturday and DOT/USD 1 day high of $7.39 to start the weekend Reaches after the level that existed 1 day ago at the low of $6.71. As this gain was achieved after Friday’s low, the coin managed to reach a 6-month high and climbed significantly higher, climbing to $7.42 and as a result of this move we can see that , the 10-day (red) moving average is now crossing upward with its 25-day (blue) counterpart and this is what we see in less than a week with a downward cross while it looks like This momentum has already shifted. Should the bulls maintain this trajectory, it is likely that $8.00 will be a short-term target.
Chainlink (LINK) went up to start the week and the price climbed to a 9-day high. After a low of $7.26 on Friday, in today’s session we see LINK/USD rising rapidly to a peak of $7.71 and this move comes as it is trading at its highest and strongest point since February 9th. Meanwhile, Chain Link declined from the $7.60 resistance level. Earlier gains have been pared down somewhat, with the Relative Strength Index (RSI) moving towards a long high at 59.00. At the time of writing this, Price Strength is tracking at 59.83, while Chainlink is now trading lower at $7.55.
