Solana was up as much as 8% to start the week as the token moved towards a one-month high. The token rallied for the second session in a row as the global banking crisis pushed investors towards cryptocurrencies. Chainlink was also higher, hitting a three-week high.
Solana (SUN)
Solana (SOL) approached a one-month high to start the week as prices rallied as much as 10% in today’s session.
After a low of $21.59 on Sunday, SOL/USD hit an intraday high of $23.83 earlier in the day.
As a result of Monday’s move, Solana has now moved to its strongest point since late February.
Overall, the token is now trading almost 10% higher than the same point last week, when the price was below $20.00.
Today’s rise came after a breakout of a top on the 14-day RSI.
At time of writing, the index sits at 58.85, which is marginally higher than its ceiling at the 57.00 mark.
Chain Link (LINK)
In addition to SOL, chainlink (LINK) was also in the green to start the week, with prices trading as much as 3% higher.
LINK/USD rose to a high of $7.38 earlier in the day, which comes less than 24 hours after falling to a low of $6.99.
This surge has seen Chainlink move to its highest level since March 2, when the token was trading at a high of $7.57.
As with Solana, a catalyst for the move was a breakout that took place in the RSI indicator.
At time of writing, the index sits at 57.00, which is marginally higher than the aforementioned resistance at 55.00.
If this bullish momentum continues over the next few days, LINK is likely to hit a top of $7.60.
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