Biggest Movers: LINK Moves to 3-Month Peak as DOGE Plunges to 10-Day Low
Chain-link (LINK) had already hit its 3-month high earlier in the day as the price broke out of key resistance levels.
LINK/USD definitely moved to a peak of $7.75 during Thursday’s session, continuing from a low of $6.91 1 day ago, and as a result of today’s surge, we can see that LINK has reached its highest level since November 8th. The strongest level was reached when the token was trading at a high of $9.48. When we look at the charts, it appears that Thursday’s rally took place as the bulls broke through the ceiling at the $7.55 level. Looking at the 14-day Relative Strength Index, it has broken through its own resistance at 59.00 and it is currently tracking at 61.58. The question to be asked, of course, is should this momentum continue for the time being and traders will attempt to book profits near the 64.00 mark on the Relative Strength Index indicator, while LINK managed to reach multi-month highs. Is.
Dogecoin (DOGE) fell victim to today’s crypto redweb, registering a price drop of 5 percent.
After a high of $0.09226 on Wednesday, the coin is currently trading at slipped to a low of $0.08635 in yesterday ‘s session. As a result of this, the coin had gone to its weakest point since January 30 which is close to the recent minimum value in the process and if we look at it we can see that the recent minimum value in the process The price is close. The aforementioned point of support is visible to us at the $0.0850 mark which has mostly held since mid-January. While the price floor attempted to unbolt and the 53.00 support on the Relative Strength Index indicator fell, the index is now tracking 50.00. Additionally the bulls have moved to buy this dip and the overall market momentum still looks moderately bullish as we can see on the moving averages.
