Chainlink (LINK) has been relatively less volatile compared to the crypto market. So far Sunday, the Smart Contracts has advanced 16.35% to $28.12.
Low Volatility
InvestorsObserver gives Chainlink a low volatility rank of 20, placing it in the bottom 20% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
LINK’s low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
Chainlink price is trading above resistance. With support around $22.93 and resistance near $26.29. 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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