Polkadot (DOT) and Chainlink (LINK) tokens both appear to be holding onto their high values as the weekend progresses. DOT has stayed near its highest level since September and LINK has reached a 9-day high. Sentiment has been bullish, as the prices continue to rise.
Polkadot (DOT)
Polkadot (DOT) has been stuck at a particularly high level for multiple months and saw a break above the $7.15 resistance level recently. Following a low of $6.71 the day before, DOT/USD was able to rally and reach a 6-month high of $7.42.
As a result of this transfer, the 10-day shifting average (purple) is nearing an upcross with its counterpart (blue). Although it is lower than the weekly average after a drawback crossover, the momentum appears to be changing.
If the bulls can keep up this trend, prices could reach the $8.00 mark in the near future.
Chainlink (LINK)
Chainlink (LINK) saw prices that were higher than expected as the weekend began. LINK/USD increased from $7.26 to $7.71 in the following session. This transfer was made possible as Chainlink costs rose to their highest point since February 9.
In the long-term, the RSI has dropped to 59.00. As of this writing, it is at 59.83 and trading is less expensive at $7.55.
Will Chainlink be able to maintain prices above $8.00? Tell us what you think.
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