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Chainlink (LINK) Falls 0.01%, Underperforms the Crypto Market Friday

Friday, January 14, 2022 01:39 PM | InvestorsObserver Analysts
Chainlink (LINK) Falls 0.01%, Underperforms the Crypto Market Friday

Chainlink (LINK) has been relatively less volatile compared to the crypto market. So far Friday, the Smart Contracts has lost 1.09% to $24.73.

volatility - 22
InvestorsObserver is giving Chainlink a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on Chainlink!

Low Volatility

InvestorsObserver gives Chainlink a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. LINK's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Chainlink price is favorably positioned going forward. With support at $23.76 and resistance near $25.97. This leaves 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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