Largest Movers: DOT Stays Close to Multi-Month Excessive, as LINK Hits 9-Day ExcessiveFebruary 18, 2023
Polkadot remained near its highest degree since September, as bullish sentiment rose to start out the weekend. Following a transfer above $7.00 on Friday, momentum was excessive throughout Saturday’s session. Chainlink was additionally increased, with costs monitoring at a nine-day excessive.
Polkadot (DOT) remained near a multi-month excessive on Saturday, following a breakout above a $7.15 resistance degree.
DOT/USD surged to an intraday excessive of $7.39 to start out the weekend, following a low of $6.71 the day prior.
Following Friday’s low, the token rose considerably increased because the day progressed, climbing to a six-month peak of $7.42.
On account of this transfer, the 10-day (pink) transferring common is now nearing an upwards cross with its 25-day (blue) counterpart.
This comes lower than every week after a downward cross, nevertheless, momentum appears to have already shifted.
Ought to bulls keep this trajectory, it’s doubtless that $8.00 would be the short-term goal.
Chainlink (LINK) additionally moved increased to start out the weekend, with costs climbing to a nine-day excessive.
Following a low of $7.26 on Friday, LINK/USD raced to a peak of $7.71 earlier in immediately’s session.
The transfer got here as chainlink broke out of a resistance degree at $7.60, with costs at their strongest level since February 9.
Total, earlier features have considerably diminished, with the relative energy index (RSI) transferring in direction of a long-term ground at 59.00.
As of scripting this, the worth energy is monitoring at 59.83, with chainlink now buying and selling decrease at $7.55.
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