Solana Bounces Back Above $76 as Chainlink Holds Steady
Solana's price has bounced back above $76.41 on Wednesday after finding support around the key zone the previous day, driven by positive sentiment from the announcement of MoneyGram Ramps integration on the network.
This is in addition to increasing demand from institutional investors through Solana spot Exchange Traded Funds (ETFs) so far this week, further supporting a bullish outlook for the asset.
Meanwhile, Chainlink has held steady above $8.75 on Wednesday after surging roughly 6% the previous day, with LINK maintaining a bullish near-term bias as price holds above the 50-day and 100-day EMAs at $8.2944 and $8.5304, respectively.
The broader recovery for Chainlink is capped by the 200-day EMA at $9.9622, but momentum supports the constructive tone, with the RSI around 62 bouncing off the midline, while the MACD holds above the signal with a bullish histogram expanding, suggesting strengthening upside pressure.