×
News Home

Should You Buy Chainlink (LINK) Wednesday?

Wednesday, August 10, 2022 01:06 PM | InvestorsObserver Analysts
Should You Buy Chainlink (LINK) Wednesday?

InvestorsObserver gives Chainlink a strong long-term technical score of 82 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. LINK at this time has a superior long-term technical analysis score than 82% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

Long-Term Technical - 82
InvestorsObserver is giving Chainlink a 82 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Chainlink!

Trading Analysis

The current trading price of $9.240000000 for LINK is $1.8900000 (25.77%) above the tokens 100-day moving average of $7.340000000. LINK meanwhile is $3.8700000 (-32.89%) above its 52-week low of $5.360000000 and -$28.93000000 (-2.00%) under its 52-week high price of $38.160000000. Chainlink's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 82. The price movement and range of LINK suggest that investors are neutral on the token at this time. Chainlink currently has a total market cap of $4,341,884,386.69 to go along with its average daily volume of $5,434,729,657.69 worth of the currency over the past seven days. LINK's volume is below its seven day average as of the past 24 hours, with 739,319,681.99 exchanged in that period. This token's subclass Smart Contracts: A computer program designed to automatically execute when predetermined conditions are satisfied. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.

Summary

LINK's historical trading over the past year gives it a a strong long-term technical score of 82 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on Chainlink (LINK).

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App