Chainlink hit a six-week high in Tuesday’s session as the token rose for a sixth consecutive session. This move allowed the token to overcome a key resistance level in the process. Uniswap was also in the green, with prices climbing as much as 16% earlier in the day.
Chain link (LINK)
Chainlink (LINK) rose for a sixth straight day on Tuesday, bringing the token to its strongest point since mid-August.
After trading at a low of $6.55 last Wednesday, LINK/USD has rallied in back-to-back sessions, with prices hitting a high of $8.36 today.
Tuesday’s high is the highest mark Chainlink has hit since August 17, days after a failed break of the $9.50 level.
Looking at the chart, today’s price surge came after a successful break above a high of $8.05.
On top of that, there was another breakout, with the 14-day Relative Strength Index (RSI) slightly exceeding its own resistance.
At the time of writing, the index now stands at 61.03, its highest level since August 14.
Uniswap (UNI)
Another notable gainer on Tuesday was uniswap, which rose 16% during today’s session.
UNI/USD hit a high of $6.68 on Tuesday, which saw prices surge to their highest level since September 13.
As a result of today’s decision, uniswap is now trading near a high of $6.70, which has always been a point of contention.
Earlier gains have diminished somewhat as the day progresses, and at the time of writing, the token is trading at $6.61.
This is because the RSI is also approaching a 58.00 hurdle, which has led some traders to liquidate earlier positions.
For UNI to break above $7.00 in the next few days, the RSI will likely need to break above the 58.00 mark.
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Do you expect UNI to climb above $7.00 in the next few days? Let us know your thoughts in the comments.
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