GRT, LINK Rally to Multi-Week Highs on Friday – Market Updates Bitcoin News
Crypto News

GRT, LINK Rally to Multi-Week Highs on Friday – Market Updates EdaFace News

The graph was a notable mover in Friday’s session, as the token rallied to a multi-week high. Prices rose by as much as 16% in today’s session, with chainlink also seeing its price climb by a double-digit percentage. Overall, the global crypto market cap is up 1.92% as of writing.

The Graph (GRT)

The graph (GRT) was one of the big movers in crypto markets on Friday, as prices of the token surged by over 16%.

Following a low of $0.1082 during Thursday’s session, GRT/USD rallied to an intraday high of $0.1373 earlier today.

Today’s move saw the token breakout of a key resistance level at$0.1305, hitting its highest point since June 11 in the process.

Biggest Movers: GRT, LINK Rally to Multi-Week Highs on Friday
GRTUSD Daily Chart

As a result of this increased bullish momentum, GRT saw its relative strength index of 14-day hit a three-month high of 64.89.

Now that the token is moving into overbought territory, bears will likely be preparing for re-entry, with a ceiling at $0.1585 a possible entry point.

Should this current run continue, this would likely be the destination bull’s target, with many likely to secure gains at that point.

Chainlink (LINK)

In addition to GRT, chainlink (LINK) was also in the green during today’s session, with prices climbing by over 10%.

Friday saw the token climb to a peak of $7.83, as prices rallied beyond a recent ceiling of $7.40.

Like with GRT, this point is the highest level LINK has traded at since June 11, and comes less than 24 hours after prices were at a low of $6.76.

Biggest Movers: GRT, LINK Rally to Multi-Week Highs on Friday
LINKUSD Daily Chart

The 14-day RSI is now also at a three-month peak, with the momentum of the 10-day and 25-day moving averages trending upwards.

Should this continue, the next possible target for bulls could be beyond $9, with a ceiling at $9.50 a possibility.

Register your email here to get weekly price analysis updates sent to your inbox:

Will we see chainlink possibly hit $10 in August? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Related posts

South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry – EdaFace News

Gerald Hoffman

GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’ – EdaFace News

Gerald Hoffman

Disclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months – EdaFace News

Gerald Hoffman

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More