Chainlink hit a 20-day high on Nov. 29 as the token surged for a second day in a row. Cryptocurrency markets were mostly higher during today’s session after a slow start to the week. Dogecoin was another notable gainer on Tuesday, as the meme coin rebounded from yesterday’s losses.
Chain link (LINK)
Chainlink (LINK) hit a three-week high on Tuesday as prices rose for a second day in a row.
After bottoming out at $6.67 to start the week, LINK/USD hit an intraday high of $7.43 earlier in today’s session.
The move saw LINK continue its recent breakout of a long-term high at $7.15, hitting its highest level since Nov. 20 in the process.
Overall, LINK is up nearly 25% over the past few days, recording gains in all but one of the past nine sessions.
Today’s surge comes as the 14-day Relative Strength Index (RSI) broke above a resistance point of 55.00 and is currently trading at 56.89.
On top of that, the 10-day moving average (red) is now approaching its 25-day counterpart (blue) and is positioning itself for a bullish crossover.
Dogecoin (DOGE)
Dogecoin (DOGE) rebounded from Monday’s losses, with the coin even up 10% today.
DOGE/USD, which fell to a low of $0.09145 to start the week, hit a high of $0.1047 earlier in the day.
Following the move, dogecoin is once again trading near a three-week high of $0.1079.
Looking at the chart, it looks like there will be an upward crossover between the 10-day (red) and 25-day (blue) moving averages.
If that happens, it would be a sign of current and upcoming bullish momentum, with DOGE traders likely to push the price closer to $0.1100.
The RSI just broke its ceiling at 59.00 and is currently trailing at 60.90. Unless the index falls below this point, DOGE will potentially continue to climb.
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Will Dogecoin end the month above or below $0.1100? Let us know your thoughts in the comments.
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