Chainlink (LINK) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the Smart Contracts has dropped 4.67% to $11.05.
Low Volatility
InvestorsObserver gives Chainlink a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
LINK’s low volatility reading is paired 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 favorably positioned going forward. With support set at $10.24 and resistance near $11.55. This leaves Chainlink with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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