Chainlink (LINK), Moderate Volatility and Falling Monday: Is it Time to Cash Out?

Monday, March 27, 2023 10:06 AM | InvestorsObserver Analysts

Chainlink (LINK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Smart Contracts has declined 2.17% to $7.12.

InvestorsObserver is giving Chainlink a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Chainlink!

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Moderately Volatile

InvestorsObserver gives Chainlink a moderate volatility rank of 28, placing it in the bottom 28% 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 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 trading near resistance. With support at $6.93 and resistance set at $7.15. This leaves Chainlink with potential selling pressures ahead as it may be getting over extended.