Chainlink (LINK) Rises 1.62%, Outperforms the Crypto Market Saturday

Saturday, March 30, 2024 06:55 AM | InvestorsObserver Analysts

Chainlink (LINK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Smart Contracts has increased 1.62% to $19.13.

InvestorsObserver is giving Chainlink a 27 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 27, placing it in the bottom 27% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. 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 near $18.63 and resistance set at $19.15. This leaves Chainlink with potential selling pressures ahead as it may be getting over extended.