Chainlink receives a strong long-term technical score of 67 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
LINK currently holds a superior long-term technical analysis score than 67% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
The current trading price of $6.580000000 for LINK is -$0.5300000 (-7.51%) below the tokens 100-day moving average of $7.120000000. LINK meanwhile is $1.2200000 (-82.39%) above its 52-week low of $5.360000000 and -$31.58000000 (-8.96%) 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 67. The price movement and range of LINK suggest that investors are neutral on the token at this time.
Chainlink has a market capitalization of $3,235,608,120.11 and a relatively high average daily volume with $2,754,038,008.16 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, LINK’s volume is below its seven day average with 294,721,682.14 exchanged.
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.
LINK’s historical trading over the past year gives it a a strong long-term technical score of 67 as its price movement in that time has given investors reason to be neutral on the token in the long-term.
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