Chainlink receives a strong long-term technical score of 67 from InvestorsObserverresearch based on historical trading patterns. The proprietary scoring system assesses the price movement of the last few months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine if it is a strong buy and hold investment opportunity. LINK currently holds a long-term technical analysis score above 67% of the cryptos in circulation. This ranking metric is particularly useful for buy-and-hold type investors looking for consistent strong growth when allocating their assets. tokens with a high technical score in the long and short term can help point to assets that have bottomed out, giving investors a chance to “buy the dip”.
LINK is currently -$0.6400000 (-3.62%) below its 100-day moving average price of $17.750000000 with its current price of $17.110000000. Meanwhile, Chainlink is $5.6100000 (53.11%) above its 52-week low of $11.500000000 and $-35.77000000 (13.44%) below. its 52-week high of $52.880000000. The current price against its moving average and 52-week highs and lows leads to a strong long-term technical score of 67. Chainlink’s long-term trading history trends suggest that traders are currently neutral on the token. Chainlink currently has a total market cap of $7,988,422,637.14 to go along with its $5,160,490,457.66 average daily volume of the currency over the past seven days. LINK’s volume is below its seven-day average over the past 24 hours, with 573,021,197.86 traded over the period. Subclass of this token Smart contracts: A computer program designed to run automatically when predetermined conditions are met. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.
LINK’s historical trading over the past year gives it a strong long-term technical score of 67, as its price movement over this period has given investors reason to be neutral on the token over the long term. . Click here for the full Chainlink (LINK) report.
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