{"id":14787,"date":"2022-11-24T19:21:17","date_gmt":"2022-11-24T19:21:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/link-nears-2-week-high-sol-extends-recent-gains-market-updates-bitcoin-news\/"},"modified":"2022-11-24T19:21:17","modified_gmt":"2022-11-24T19:21:17","slug":"link-nears-2-week-high-sol-extends-recent-gains-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/link-nears-2-week-high-sol-extends-recent-gains-market-updates-bitcoin-news\/","title":{"rendered":"LINK Nears 2-Week High, SOL Extends Recent Gains \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Chainlink rallied to a 12-day high earlier in today\u2019s session, as the token neared the $7.00 level. The move comes as prices rose for a fourth straight session, climbing by over 5% on Thursday. Solana has been another notable gainer, as prices closed in on a ten-day high.<\/strong><\/p>\n

Chainlink (LINK)<\/h2>\n

Chainlink (LINK ) rose for a fourth straight session on Thursday, with the token nearing a 12-day high in the process.<\/p>\n

Following a low of $6.37 on Wednesday, LINK\/USD surged to an intraday peak of $6.84 earlier in the day.<\/p>\n

The surge in price saw chainlink move to its highest level since November 12, when price was above $7.00.<\/p>\n

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LINK\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, bulls appear to be targeting a move back above this point, with a ceiling of $7.15 a potential landing spot.<\/p>\n

In order to get there, bullish momentum will need to first overcome a resistance of 50.00, on the relative strength index (RSI).<\/p>\n

Should this occur, LINK willy likely move above $7.00, en route to the $7.15 price target.<\/p>\n

Solana (SOL)<\/h2>\n

Solana (SOL) was once again in the green, as the token continues to move away from a recent all-time low.<\/p>\n

SOL\/USD, which was a top 10 cryptocurrency prior to the FTX collapse, hit an intraday high of $14.85 earlier today.<\/p>\n

As a result of today\u2019s surge, solana was trading at its strongest point since November 15, when price was last above $15.00.<\/p>\n

\"Biggest
SOL\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Earlier gains have somewhat declined, with previous bulls moving to secure gains as the RSI hovered near a resistance point.<\/p>\n

Honing in on the chart, the index is currently tracking at 35.96, which is marginally below a key ceiling of 37.00.<\/p>\n

Volatility in the markets remains high, as traders continue to move away from projects and tokens which may have high exposure to FTX, and Alameda.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

Could solana return to the top 10 crypto list before the end of the year? Let us know your thoughts in the comments.<\/em><\/strong><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, sdx15 \/ Shutterstock.com<\/em><\/p>\n

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