Cosmos (ATOM) and Chainlink (LINK) both traded higher on Friday, extending a pocket of strength in the crypto market. ATOM pushed through an important resistance zone and moved closer to a multi-month high, while LINK posted a third consecutive daily gain and advanced toward the $8 mark.
ATOM pushes above resistance
According to the market update, ATOM/USD rose to an intraday high of $16.25 on Friday, breaking above the closely watched $16.15 resistance level. The move was notable because less than 24 hours earlier, the token had traded as low as $14.40, highlighting the speed of the rebound.
The latest advance brings ATOM closer to last Friday’s peak of $17.20, which was its highest level since May 9. That makes the area an important technical reference point for traders. If bulls manage to retake that high and push beyond it, the probability of a stronger move above $17.20 could improve significantly.
On the technical side, the report noted that ATOM’s 14-day Relative Strength Index (RSI) was tracking near 65.00, a level that has historically acted as resistance. That suggests bullish sentiment is improving, but follow-through momentum will still be needed to sustain the breakout attempt.
LINK rises for a third straight session
LINK also extended gains on Friday, registering its third consecutive session in positive territory. After falling to $7.07 on Thursday, LINK/USD rebounded sharply and climbed to an intraday high of $7.77.
That move brought the token closer to its longer-term ceiling of $8.05, which was also the level where LINK started the week. Because of that, the area remains a key target for bulls. Market participants are now watching whether LINK can build enough momentum to break above $8.00 over the weekend.
Still, the report pointed out that disappointing U.S. inflation data had recently increased volatility and pushed most crypto prices lower. Against that backdrop, LINK’s rebound is notable, but it remains uncertain whether broader market conditions will support a sustained breakout.
From a technical perspective, LINK’s 14-day RSI moved above a key barrier at 53.95. That signals improving bullish control in the short term, though traders will likely need stronger momentum and market support to turn the recent recovery into a decisive move above $8.