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

Friday, April 01, 2022 10:22 AM | InvestorsObserver Analysts
Chainlink (LINK) Falls 0.01%, Underperforms the Crypto Market Friday

Chainlink (LINK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Smart Contracts has lost 1.02% to $17.09.

volatility - 26
InvestorsObserver is giving Chainlink a 26 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 26, placing it in the bottom 26% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. LINK's moderate volatility reading is coupled 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 in a favorable position going forward. With support at $16.44 and resistance set at $17.69. 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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