Chainlink (LINK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Smart Contracts has added 3.07% to $21.42.
InvestorsObserver is giving Chainlink a 31 Volatility Rank. Find out what this means to you and get the rest of the rankings on Chainlink!
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
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 trading above resistance. With support near $20.38 and resistance near $21.07. This positions Chainlink out of range and potentially in a volatile position if the rally burns out.
This news is republished from another source. You can check the original article here