Chainlink (LINK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Smart Contracts has dropped 0.69% to $6.79.
Moderately Volatile
InvestorsObserver gives Chainlink a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.
The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day.
LINK’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Chainlink price is favorably positioned going forward. With support near $6.6 and resistance near $6.9. This positions Chainlink with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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