Chainlink receives a strong long-term technical score of 82 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 82% 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’.
Trading Analysis
The current trading price of $7.470000000 for LINK is $0.3200000 (4.47%) above the tokens 100-day moving average of $7.150000000. LINK meanwhile is $2.1000000 (-65.90%) above its 52-week low of $5.360000000 and -$30.70000000 (-6.64%) 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 82. The price movement and range of LINK suggest that investors are neutral on the token at this time.
Chainlink currently has a total market cap of $3,670,248,190.86 to go along with its average daily volume of $3,715,476,446.07 worth of the currency over the past seven days. LINK’s volume is below its seven day average as of the past 24 hours, with 514,062,294.89 exchanged in that period.
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.
Summary
Technical analysis of Chainlink over the past year results in the crypto receiving a a strong long-term technical score of 82 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
Click Here to get the full Report on Chainlink (LINK).
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