{"id":17812,"date":"2023-02-18T14:53:15","date_gmt":"2023-02-18T14:53:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/dot-remains-near-multi-month-high-as-link-hits-9-day-high-market-updates-bitcoin-news\/"},"modified":"2023-02-18T14:53:15","modified_gmt":"2023-02-18T14:53:15","slug":"dot-remains-near-multi-month-high-as-link-hits-9-day-high-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/dot-remains-near-multi-month-high-as-link-hits-9-day-high-market-updates-bitcoin-news\/","title":{"rendered":"DOT Remains Near Multi-Month High, as LINK Hits 9-Day High \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Polkadot remained close to its highest level since September, as bullish sentiment rose to start the weekend. Following a move above $7.00 on Friday, momentum was high during Saturday\u2019s session. Chainlink was also higher, with prices tracking at a nine-day high.<\/strong><\/p>\n

Polkadot (DOT)<\/h2>\n

Polkadot (DOT) remained close to a multi-month high on Saturday, following a breakout above a $7.15 resistance level.<\/p>\n

DOT\/USD surged to an intraday high of $7.39 to start the weekend, following a low of $6.71 the day prior.<\/p>\n

Following Friday\u2019s low, the token rose significantly higher as the day progressed, climbing to a six-month peak of $7.42.<\/p>\n

As a result of this move, the 10-day (red) moving average is now nearing an upwards cross with its 25-day (blue) counterpart.<\/p>\n

This comes less than a week after a downward cross, however, momentum seems to have already shifted.<\/p>\n

Should bulls maintain this trajectory, it is likely that $8.00 will be the short-term target.<\/p>\n

Chainlink (LINK)<\/h2>\n

Chainlink (LINK) also moved higher to start the weekend, with prices climbing to a nine-day high.<\/p>\n

Following a low of $7.26 on Friday, LINK\/USD raced to a peak of $7.71 earlier in today\u2019s session.<\/p>\n

The move came as chainlink broke out of a resistance level at $7.60, with prices at their strongest point since February 9.<\/p>\n

Overall, earlier gains have somewhat diminished, with the relative strength index (RSI) moving towards a long-term floor at 59.00.<\/p>\n

As of writing this, the price strength is tracking at 59.83, with chainlink now trading lower at $7.55.<\/p>\n

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

Could chainlink move above $8.00 this weekend? Let us know your thoughts in the comments.<\/strong><\/em><\/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 online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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