May 28, 2023

Cosmos was once again in the green, as the coin neared a four-month high during Friday’s session. The price increased above a key resistance level during the day as the bullish sentiment continued to increase. Chainlink also traded higher, as prices rose for the third consecutive session.

the universe (atom,

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the universe (atom) continued to trade higher on Friday, as the coin moved closer to a multi-month high.

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atom/USD rose to a high of $16.25 in today’s session, pushing the price above a key resistance level in the process.

The ceiling above is the level of $16.15. The move comes less than 24 hours after the price traded as low as $14.40.

Biggest movers: ATOM nears 4-month high, LINK even higher
atom/USD – Daily Chart

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Friday’s surge takes the token closer to last Friday’s peak of $17.20, which was the highest point for atom From 9 May.

As seen from the chart above, the 14-day Relative Strength Index (RSI) is tracking the 65.00 level, which has historically been a level of resistance.

If the universe were to recover, and rise above last week’s highs, the likelihood of atom A move above $17.20 would result in a bullish rise.

Chainlink (Link)

to like atomChainlink (LINK) also rose for the third straight session on Friday as bulls continued to push the price towards a key resistance level.

After hitting a low of $7.07 on Thursday, LINK/USD rose to a high of $7.77 earlier in the day.

This peak pushed the coin closer to its long-term price range of $8.05, which is LINK’s level for the start of the week.

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Biggest movers: ATOM nears 4-month high, LINK even higher
LINK/USD – Daily Chart

However, after disappointing inflation data from the United States, volatility in the market increased, causing crypto prices to drop mostly.

Today’s surge comes when the 14-day RSI crossed a key hurdle, which in this example is the 53.95 resistance level.

The bulls will continue to target a move above $8.00 for the end of the week, although it remains to be seen whether the market has enough momentum to see this happen.

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Do you expect Chainlink to reach $8.00 by the end of this week? Let us know your thoughts in the comments.

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