Biggest Movers: DOT Remains Near Multi-Month High, as LINK Hits 9-Day High

Polkadot remained close to its highest level since September as bullish sentiment picked up at the start of the weekend. After moving above $7.00 on Friday, momentum was strong during the session on Saturday. Chainlink was also higher, with prices tracking a maximum of nine days.

Polka dots (DOT)

Polkadot (DOT) remained close to a multi-month high on Saturday after breaking above the $7.15 resistance level.

DOT/USD rose to an intraday high of $7.39 at the beginning of the weekend after a low of $6.71 the day before.

After Friday’s low, the token rose significantly during the day, climbing to a six-month high of $7.42.

As a result of this move, the 10-day (red) moving average is now approaching an upward crossover with its 25-day (blue) counterpart.

This comes less than a week after the downward crossover, however momentum seems to have reversed.

If the bulls maintain this trajectory, it is likely that the short-term target will be $8.00.

Chain Link (LINK)

Chainlink (LINK) also rose early in the weekend, with prices climbing to a nine-day high.

After a low of $7.26 on Friday, LINK/USD peaked at $7.71 earlier in today’s session.

The move came as the chain broke through the $7.60 resistance level, with prices hitting their highest level since Feb. 9.

Overall, previous gains have faded somewhat, with the Relative Strength Index (RSI) approaching the long-term low of 59.00.

At the time of this writing, price strength was tracking at 59.83 and the chain is now trading lower at $7.55.

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Could Chainlink go above $8 this weekend? Let us know your thoughts in the comments.

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