Chainlink receives a strong long-term technical score of 85 from Investors Observer To analyse. Our proprietary scoring system takes into account trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and position against long-term averages to determine if it is a solid buy and hold investment opportunity. Currently, LINK holds a long-term technical analysis score above 85% of cryptocurrencies. Long term investors using a buy and hold strategy will find the long term ranking particularly relevant when allocating their assets and may find additional value finding cyptos with a high technical score in the short term to find out. tokens that have bottomed out.
LINK is currently – $ 3.3 million (-12.82%) below its 100-day mobile average price of $ 25,760,000,000 with its current price of $ 22.45,000,000,000. Meanwhile, Chainlink is $ 10.5700000 (96.39%) above its 52-week low price of $ 11.88 million and – $ 30.42000000 (23.55%) below its 52-week high of $ 52.88 million. The current price relative to its moving average and 52 week highs and lows leads to a strong long-term technical score of 85. Trends in Chainlink’s long-term trading history suggest that traders are currently neutral on the token. Chainlink has a total market value of $ 10,486,562,210.94 with a high average daily volume of $ 6,397,040,134.12 of currency traded over a typical 24 hour period. Over the past 24 hours, LINK’s volume has been below its average with $ 1,232,415,114.29 traded in total. Smart Contracts subclass of this token: A computer program designed to run automatically when predetermined conditions are met. Typically used to execute transactions quickly and automatically, with terms written directly in lines of code.
Trading patterns over the past year for Chainlink have seen the token achieve a strong long-term technical score of 85, as its consistency, volatility, and relationship to long-term averages have given investors reasons to be neutral on the token. Click here for the full Chainlink (LINK) report.