LINK 6-week high, UNI increased 16% on Tuesday – market improves Bitcoin news

Chainlink hit a six-week high during Tuesday’s session, marking a sixth consecutive session high. The move has seen the token rally pass a key resistance level in the process. Uniswap was also in the green, with its price up 16 percent earlier.

Chainlink (LINK)

Chainlink ( LINK ) rose for a sixth straight day on Tuesday, taking the benchmark to its strongest point since mid-August.

After trading at a $6.55 floor last Wednesday, LINK/USD rallied in back-to-back sessions, with prices rising today at $8.36.

Tuesday’s high was Chainlink’s highest mark since Aug. 17, days after the collapse of the $9.50 level.

Biggest movers: LINK hits 6-week high, UNI up 16% on Tuesday
LINK/USD – Daily chart

Looking at the chart, today’s price rally came after a successful move above the $8.05 ceiling.

Apart from this, the 14-day Relative Strength Index (RSI) was another breakout that slightly crossed its resistance.

As of writing, the index is currently tracking at 61.03, its highest point since August 14.

Uniswap (UNI)

Another popular gainer on Tuesday was uniswap, which rose up to 16% in today’s session.

UNI/USD rose to $6.68 on Tuesday, its highest level since September 13.

As a result of today’s move, uniswap is now trading around the $6.70 ceiling, which has historically been controversial.

Biggest movers: LINK hits 6-week high, UNI up 16% on Tuesday
UNI/USD – Daily Chart

As the day progressed, the previous gains were reduced somewhat, and as of writing, the token is trading at $6.61.

This result of the RSI is approaching the 58.00 barrier, which has caused some traders to exit their previous positions.

For UNI to move above $7.00 in the coming days, the RSI will probably need to break above the 58.00 mark.

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Do you expect UNI to rise above $7.00 in the coming days? Let us know your thoughts in the comments.

Ilya Dumbledore

Elliman brings a unique perspective to market analysis, having previously been a brokerage director and retail trade instructor. Currently, he works as an analyst in various asset classes including Crypto, Stocks and FX.

Image credits: Shutterstock, Pixabay, Wiki Commons, sdx15 /

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