Hello, welcome to this LINK/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-chainlink (LINK) was also in the green in today’s session, with prices trading by as much as 7% higher.
LINK/USD rose to a peak of $7.17 earlier in today’s session, after falling to a floor at $6.57 the day prior.
Friday’s rally came after LINK bears failed to sustain a breakout at a long-term support point of $6.60.
However, bulls were able to move past a point of resistance at 50.00 on the RSI, which was one of the catalysts of today’s climb.
As of writing, the index is tracking at 52.71, which is close to a ceiling at the 54.00 zone.
In the short-term bulls may attempt to send the token to $7.50, however, there appear to be several obstacles the way that could prevent this.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you