Chainlink (LINK) Up 2.18% Saturday: What's Next?

Saturday, September 10, 2022 06:05 PM | 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 2.18% to $7.87.

InvestorsObserver is giving Chainlink a 33 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 33, placing it in the bottom 33% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. 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 well positioned going forward. With support near $7.38 and resistance at $8.05. This leaves Chainlink with room to run before facing selling pressures.