Chainlink receives a strong long-term technical score of 85 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, LINK holds a superior long-term technical analysis score than 85% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
Trading Analysis
The current trading price of $7.110000000 for LINK is $0.4300000 (6.47%) above the tokens 100-day moving average of $6.680000000. LINK meanwhile is $1.7500000 (-72.45%) above its 52-week low of $5.360000000 and -$12.36000000 (-14.81%) under its 52-week high price of $19.480000000. 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 85. The price movement and range of LINK suggest that investors are neutral on the token at this time.
Chainlink has a market capitalization of $3,614,274,154.12 and a relatively high average daily volume with $2,683,029,567.85 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 349,048,044.26 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.
Summary
Trading patterns over the last year for Chainlink leads to the token’s a strong long-term technical score of 85 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token.
Click Here to get the full Report on Chainlink (LINK).
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