Biggest Movers: ATOM Moves Closer to 4-Month High, LINK Also Higher
Cosmos was once again in the green, as the token moved closer to a four-month high during Friday’s session. Prices rose past a key resistance level during the day, as bullish sentiment continued to rise. Chainlink also t...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Cosmos was once again in the green, as the token moved closer to a four-month high during Friday’s session. Prices rose past a key resistance level during the day, as bullish sentiment continued to rise. Chainlink also traded higher, as prices surged for a third straight session.
Cosmos (ATOM)Cosmos (ATOM) continued to trade higher on Friday, as the token moved closer to a multi-month high.
ATOM/USD rose to an intraday high of $16.25 in today’s session, pushing prices above a key resistance level in the process.
The aforementioned ceiling is the $16.15 level. The move comes less than 24 hours after prices were trading at a low of $14.40.
Friday’s surge takes the token closer to last Friday’s peak of $17.20, which was the highest point for ATOM since May 9.
As seen from the chart above, the 14-day relative strength index (RSI) is tracking at the 65.00 mark, which has historically been a level of resistance.
If cosmos were to recapture, and surge past last week’s high, then the likelihood of ATOM moving above $17.20 would exponentially increase.
Chainlink (LINK)Like ATOM, chainlink (LINK) also rose for a third consecutive session on Friday, as bulls continued to push prices toward a key resistance level.
Following a low of $7.07 on Thursday, LINK/USD raced to an intraday high of $7.77 earlier in the day.
This peak pushed the token closer to its long-term price ceiling of $8.05, which is the level LINK was trading at to start the week.
However, following disappointing inflation data from the United States, market volatility rose, sending crypto prices mostly lower.
Today’s surge comes as the 14-day RSI moved past a key obstacle, which in this instance is the 53.95 resistance level.
Bulls will likely continue to target a move above $8.00 this weekend, however it remains to be seen if there is enough momentum in the market to see this through.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect chainlink to hit $8.00 this weekend? Let us know your thoughts in the comments.
Why this matters
This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Bitfinex ETH longs climb to their highest level in over four years
The surge in Bitfinex ETH longs suggests heightened market optimism, but it also raises the risk of a long squeeze if prices decli...
Bitcoin Price Prediction: Can BTC USD Hold $82K Ahead of Next Week’s CPI Drop?
Bitcoin price prediction notes a brief recovery on Saturday, October 10, but the market remains poised for a weekly loss as rising...
Sam Altman ChatGPT AI Predicts Bitcoin to Hit Insane All-Time High in 2026
Sam Altman’s ChatGPT AI predicts Bitcoin could reach a new all-time high in 2026, nearly doubling its October 2025 high of $126,00...
Tokenized stocks can carry the same rights without the same trading protections
Tokenized stocks eligible for the SEC’s September exemption must carry equivalent shareholder rights, yet their trading venues can...
Some Aave loans sit near liquidation with collateral that can take hours to cash out
Some Aave loans backed by yield-bearing collateral had narrow liquidation buffers in LlamaRisk’s Oct. 9 snapshots. Every top PT-AU...
Solana captures 65% of tokenized equities trading volume
Solana's dominance in tokenized equities highlights the growing shift towards decentralized finance, challenging traditional stock...