Chainlink (LINK), Low Volatility but Falling Saturday: Is it Time to Cash Out?

Saturday, December 04, 2021 09:45 AM | InvestorsObserver Analysts

Chainlink (LINK) has been relatively less volatile when compared to other cryptocurrencies. So far Saturday, the Smart Contracts has lost 22.57% to $19.81, reaching a five-day high.

InvestorsObserver is giving Chainlink a 19 Volatility Rank. Find out what this means to you and get the rest of the rankings on Chainlink!

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Low Volatility

InvestorsObserver gives Chainlink a low volatility rank of 19, placing it in the bottom 19% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. LINK's low volatility reading is coupled 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 trading near resistance. With support around $17.28 and resistance set at $20.46. This leaves Chainlink with potential selling pressures ahead as it may be getting over extended.