DOGE rebounds, as LINK moves 7% higher on Friday.
The meme coin has now risen by over 5%, a day after falling by the same sum. Chainlink was another notable mover, as prices climbed by over 7%.Dogecoin rose by as much as 5% in today’s session, as the meme coin recovered from yesterday’s bear run.
Following a low of $0.07007 on Thursday, DOGE/USD raced to an intraday high of $0.07579 earlier today. The move came as dogecoin bulls bought yesterday’s dip, which saw prices fall to a floor at the $0.07000 mark.Looking at the chart, the rally also coincided with the 14-day relative strength index breaking out of a ceiling at the 45.00 mark.The next visible point of resistance appears to be a ceiling at 47.00, which seems to be a reason why earlier bulls have begun to abandon previous positions.
LINK/USD rose to a peak of $7.17 earlier in today’s session, after falling to a floor at $6.57 the day prior. Friday’s rally came after LINK bears failed to sustain a breakout at a long-term support point of $6.60.However, bulls were able to move past a point of resistance at 50.00 on the RSI, which was one of the catalysts of today’s climb.In the short-term bulls may attempt to send the token to $7.50, however there appear to be several obstacles in the way that could prevent this.Tags in this story
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