Chainlink (LINK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Smart Contracts has increased 4.01% to $7.56.
InvestorsObserver is giving Chainlink a 31 Volatility Rank. Find out what this means to you and get the rest of the rankings on Chainlink!
Moderately Volatile
InvestorsObserver gives Chainlink a moderate volatility rank of 31, placing it in the bottom 31% of cryptos on the market.The Volatility Gauge analyzes meaning that one day won't make or break its rank. LINK's moderate volatility reading pairs 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 near resistance. With support set at $7.1 and resistance set at $7.57. This positions Chainlink with potential selling pressures ahead as it may be getting over extended.