Following a move above $7.00 on Friday, momentum was high during Saturday’s session. Chainlink was also higher, with prices tracking at a nine-day high.Polkadot remained close to a multi-month high on Saturday, following a breakout above a $7.15 resistance level.
DOT/USD surged to an intraday high of $7.39 to start the weekend, following a low of $6.71 the day prior. Following Friday’s low, the token rose significantly higher as the day progressed, climbing to a six-month peak of $7.42.As a result of this move, the 10-day moving average is now nearing an upwards cross with its 25-day counterpart.Should bulls maintain this trajectory, it is likely that $8.00 will be the short-term target.Chainlink also moved higher to start the weekend, with prices climbing to a nine-day high.The move came as chainlink broke out of a resistance level at $7.
As of writing this, the price strength is tracking at 59.83, with chainlink now trading lower at $7.55.Tags in this story
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