LINK/USDT 1DAY UPDATE BY CRYPTOSANDERS

Hello, welcome to this LINK/USD update by CRYPTO SANDERS.

CHART ANALYSIS:-chainlink (LINK) rebounded from Thursday’s losses in today’s session, with the token climbing by as much as 5%

Following a low of $7.17 yesterday, LINK/USD raced to an intraday high of $7.65 on Friday.

As a result of the rally, chainlink once again moved above its long-term resistance at $7.55, hitting a one-week high in the process.

Looking at the chart, today’s breakout coincided with the RSI climbing past a ceiling of its own at 55.00

As of writing, the index is tracking at 57.54, which is marginally below a higher hurdle of 58.00 points.

Should bulls move beyond this point, then there is a good chance that LINK will move toward $8.00.

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