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Chainlink rallied to a 12-day high earlier in today’s session, as the token neared the $7.00 level. The move comes as prices rose for a fourth straight session, climbing by over 5% on Thursday. Solana has been another notable gainer, as prices closed in on a ten-day high.
Chainlink (LINK)
Chainlink (LINK ) rose for a fourth straight session on Thursday, with the token nearing a 12-day high in the process.
Following a low of $6.37 on Wednesday, LINK/USD surged to an intraday peak of $6.84 earlier in the day.
The surge in price saw chainlink move to its highest level since November 12, when price was above $7.00.
Looking at the chart, bulls appear to be targeting a move back above this point, with a ceiling of $7.15 a potential landing spot.
In order to get there, bullish momentum will need to first overcome a resistance of 50.00, on the relative strength index (RSI).
Should this occur, LINK willy likely move above $7.00, en route to the $7.15 price target.
Solana (SOL)
Solana (SOL) was once again in the green, as the token continues to move away from a recent all-time low.
SOL/USD, which was a top 10 cryptocurrency prior to the FTX collapse, hit an intraday high of $14.85 earlier today.
As a result of today’s surge, solana was trading at its strongest point since November 15, when price was last above $15.00.
Earlier gains have somewhat declined, with previous bulls moving to secure gains as the RSI hovered near a resistance point.
Honing in on the chart, the index is currently tracking at 35.96, which is marginally below a key ceiling of 37.00.
Volatility in the markets remains high, as traders continue to move away from projects and tokens which may have high exposure to FTX, and Alameda.