Chainlink (LINK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Smart Contracts has added 3.23% to $5.8.
InvestorsObserver gives Chainlink a moderate volatility rank of 32, placing it in the bottom 32% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
LINK’s moderate volatility reading comes 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 above resistance. With support around $5.57 and resistance around $5.69. This positions Chainlink out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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