Chainlink extended recent gains on Wednesday, as the cryptocurrency rose to its highest point since last year. Prices rose by as much as 9% today, taking the total gain to 50% over the last seven days. Solana was another notable gainer, surging over the $33.00 mark.
Chainlink (LINK)
Chainlink (LINK) was a notable gainer on Wednesday, as the token rose to a by as much as 9% in today’s session.
Following a low of $9.84 on Tuesday, LINK/USD rallied to an intraday peak at $11.55 earlier in the day.
As a result of the move, the cryptocurrency climbed to its strongest point since last year, when price peaked over $12.00.
Looking at the chart, the latest surge in price has kept the relative strength index (RSI) above the 80.00 level.
At the time of writing, the index is tracking at 81.87, which is its highest point since August 2020, which is deep in overbought territory.
LINK is trading at $11.13, as of writing.
Solana (SOL)
Solana (SOL) also rallied higher in today’s session, after climbing above the $33.00 level earlier in the day.
SOL/USD climbed to a high at the $33.69 on Wednesday, which comes a day after falling to a low of $29.70.
Today’s surge in price pushed solana to its highest level since last November, and comes after a breakout on the RSI.
Price strength broke out of a ceiling at the 73.00 mark, with the index now tracking at a reading of 77.05.
This is a marginal decline from a high of 82.00 earlier this week, which was also a key point of resistance.
In order to move towards a possible target at $35.00, bulls will need to force a surge past the aforementioned 82.00 point.
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Could solana reach $35.00 in the coming days? Let us know your thoughts in the comments.
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