NEWSLETTER
Monero rallied for a third straight session on Thursday, as the token marginally approached a six-week high. This increase in price comes despite the fact that the global market cap has mostly consolidated and is trading just 0.50% higher at the time of writing. As for LINK, Chainlink bulls have so far failed to break out of a key resistance point.
money (XMR)
money (XMR) was one of the notable gainers on Thursday, with prices rising for the third session in a row.
XMR/USD rose to a high of $163.19 earlier in the session today, which comes a day after the token fell to a low of $155.83.
As a result of the move, XMR it moved towards last Sunday’s high at $166.07, which was its strongest point since February 20.
Looking at the chart, today’s move came as monero broke above a recent resistance level at $160.00.
Overall, the rise came as the 14-day RSI hit its own top at the 55.00 mark.
At the time of writing, the index stands at 54.86, which is its highest reading this week.
Chain Link (LINK)
On the other hand, Chainlink (LINK) was mostly lower on Thursday, as the token failed to move above a key price point.
LINK/USD fell to a low of $7.25 in today’s session, this comes after prices reached a previous high of $7.53.
Today’s high saw chain link move towards its top at $7.55, however, the bulls were unable to secure a breakout.
On the chart, it looks like a failure to move beyond $7.55 coincided with the RSI falling into resistance of its own.
At time of writing, the index stands at 53.16, which is below the previously mentioned ceiling at 55.00.
Overall, LINK is now trading at $7.32, with sentiment in today’s session now mostly bearish.
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