Solana is up as much as 5% in today’s session, as the cryptocurrency begins to recover from Friday’s red wave. The global market capitalization is up nearly 2% at the time of writing. Chainlink also rose, returning above the key resistance level.
Solana (the sun)
Solana (SOL) moved back above the $20.00 mark to start the weekend, with the token up as much as 5% today.
After a low of $19.81 on Friday, SOL/USD jumped to an intraday high of $21.25 on Saturday.
The rebound came when Solana hit a temporary floor at $19.90, which served as the last line of defense after breaking below $20.00.
Looking at the chart, there was a similar bounce at the same point on April 10th, which then sent SOL on a six-day winning streak.
Saturday’s rally also came as the Relative Strength Index (RSI) jumped beyond the ceiling at the 45.00 mark.
At the time of writing, the index is now tracking at 46.49, with the next point of resistance at 50.00.
Chainlink (link)
Chainlink (LINK) also rose in today’s session, with the price breaching a key price point.
LINK/USD rallied to a high of $6.63 to start the weekend, hours after falling to $6.37.
Today’s jump in price saw a chain move above a long-term ceiling of $6.50, after trading above that level for the past two months.
From the chart, the rally has seen price strength rise to a ceiling of its own at 42.00, however it has so far failed to surpass this level.
Price strength now lies at a reading of 41.20, with a point of support at 40.00, in case momentum starts to shift.
There has already been a slight turnaround, as LINK is now trading at $6.58, slightly below previous highs.
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