Chainlink moved towards an 18-month high to start the weekend, following a second day of bullish momentum. The cryptocurrency rose by as much as 7% in today’s session, despite the global market cap mostly consolidating on Saturday. Cardano also rallied, nearing a multi-month high of its own.
Chainlink (LINK)
Chainlink (LINK) made considerable gains to start the weekend, as the token rose by as much as 7% in the day.
LINK/USD peaked at a high of $11.59 earlier in today’s session, which comes a day after price fell to a low of $10.80.
Today’s gains pushed price closer to a recent 18-month high of $11.78, which was hit during the week.
The latest bullish push in LINK comes as the relative strength index (RSI) continued to trend upward, and it now sits at 81.68.
A ceiling is fast approaching at the 83.00 mark, and should bulls fail to break out of this level, there will likely be a reversal in price.
Cardano (ADA)
Cardano (ADA) was another notable mover on Saturday, climbing closer to a recent nine-week high.
Following a low of $0.284 on Friday, ADA/USD raced to a peak at $0.2973 earlier in today’s session.
As a result of the surge, cardano edged closer to its highest level since mid-August, when price traded over $0.30.
From the chart, it appears that the 14-day RSI is now tracking at a reading above 77.00, which could prompt some bears to begin entering the market.
As a result, a handful of bulls have begun to secure gains, leading to ADA now trading marginally below today’s peak.
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