Chainlink rose by as much as 20% earlier in today’s session, as markets reacted to the release of its Chainlink Cross-Chain Interoperability Protocol (CCIP). Traders were buoyed by the news, pushing the token to its highest level since April in the process. Stellar rose to a one-week high today.
Chainlink (LINK)
Chainlink (LINK) was one of Thursday’s most notable gainers, as the token surged nearly 20% higher.
After falling to a low of $6.88 on Wednesday, LINK/USD rallied to an intraday peak of $8.32 earlier in the day.
The move pushed price to its strongest point since last April, when the token hit a high above $8.60.
Looking at the chart, the latest rally took place as the relative strength index (RSI) broke out of its ceiling at 72.00.
At the time of writing, the index is at 73.03, with an upcoming resistance point of 77.00 a possible destination for bulls.
In the likely event it reaches this point, LINK could surpass last Thursday’s peak.
Stellar (XLM)
In addition to LINK, s
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