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Biggest risers: LINK near 2-week high, SOL extends recent gains

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Chainlink reached a 12-day high during today’s session as the coin moved closer to the $7.00 level. The move came as prices rose for a fourth straight session, rising more than 5% on Thursday. Solana has been another notable winner as the price closed at a ten-day high.

chain link (link)

Chainlink (LINK) rallied for the fourth session in a row on Thursday, moving the coin closer to a 12-day high.

After a low of $6.37 on Wednesday, LINK/USD rose to an intraday high of $6.84 earlier in the day.

The price surge saw Chainlink reach its highest level since November 12, when the price was above $7.00.

LINK/USD – Daily chart

Looking at the charts, the bulls are aiming for a move back above this point, with a $7.15 ceiling as a potential landing spot.

To get there, bullish momentum must first overcome the 50.00 resistance on the Relative Strength Index (RSI).

If this happens, LINK will likely move above $7.00 on its way to a price target of $7.15.

Solana (SOL)

Solana (SOL) was once again in the green as the coin continued to move further away from its recent all-time lows.

SOL/USD, which was a top 10 cryptocurrency prior to the FTX collapse, reached a high of $14.85 earlier today.

As a result of today’s rally, Solana is trading at its strongest point since November 15, when the price last traded above USD 15.00.

Biggest risers: LINK near 2-week high, SOL extends recent gains
SOL/USD – Daily chart

Past gains have been capped to some extent, with past bulls heading for safe gains as the RSI hovers near a resistance point.

Heading up the charts, the index is currently tracking at 35.96, slightly below the main range of 37.00.

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Market volatility remains high as traders continue to shy away from potentially higher risk projects and tokens in FTX and Alameda.

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Can Solana return to the top 10 crypto list before the end of the year? Let us know your opinion in the comments.

image credit: shutterstock, pixabay, wikicommons, sdx15 / Shutterstock.com

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source: news.bitcoin.com

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