Today’s surge came as the token broke out of a key resistance level. Dogecoin, on the other hand, was victim to today’s market sell-off, falling to a ten-day low in the process.Chainlink raced to a three-month high earlier in the day, as prices broke out of a key resistance level.
As a result of today’s surge, LINK jumped to its strongest point since November 8, when the token traded at a high of $9.48.Looking at the chart, Thursday’s rally took place as bulls broke out of a ceiling at the $7.55 level. Should momentum continue in this direction, traders will likely be attempting to take profits closer to the 64.00 mark on the RSI indicator.Whilst LINK hit a multi-month high, dogecoin fell victim to today’s crypto red wave, with prices falling by nearly 5%.
This resulted in DOGE moving to its weakest point since January 30, nearing a recent price floor in the process.The aforementioned point of support is at the $0.0850 mark, which has mostly held firm since mid-January.
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