Chainlink (LINK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Smart Contracts has increased 5.02% to $11.25.
Moderately Volatile
InvestorsObserver gives Chainlink a moderate volatility rank of 41, placing it in the bottom 41% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
LINK’s moderate volatility reading is paired 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 set at $10.33 and resistance near $11.21. This positions Chainlink out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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