Chainlink (LINK) gets a bearish rating from InvestorsObserver Wednesday. The crypto is up 0.11% to $12.73 while the broader crypto market is up 1.2%.
Over the last five days, Chainlink has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Chainlink over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Chainlink is currently trading near its five-day low of $12.2677249908447. The crypto is 11.27% off its five-day high and is 3.77% higher than its five-day low of $12.27.
Chainlink price is well positioned between support and resistance. With support set around $12.16 and resistance at $13.37, has some room to run before facing resistance.
Chainlink has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Due to a lack of data, this crypto may be less suitable for some investors.
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