InvestorsObserver gives Chainlink a strong long-term technical score of 73 from its research. The proprietary rating system takes into account historical trading patterns over the past few months to one year of the token’s support and resistance levels, in addition to its position against long-term averages. The analysis helps determine if this is currently a solid investment opportunity for traders. LINK currently has a long-term technical analysis score above 73% of the cryptos in circulation. The long-term ranking will be most relevant for buy-and-hold type investors who seek strong and steady growth when allocating their assets. The combination of a high technical score in the long and short term will also help portfolio managers uncover tokens that have bottomed out.
Chainlink’s price is -$3.2600000 (-19.08%) below its 100-day moving average price of $17.110000000, with its price currently sitting at $13.850000000. Additionally, LINK is $2.3500000 (24.75%) above its 52-week low of $11.500000000 while -$39.03000000 (7.27%) is below its highest price. 52-week high of $52.880000000. The current trading price against its long-term average along with its 52-week highs and lows, gives LINK a strong long-term technical score of 73. Chainlink’s long-term trading movement suggests that investors are neutral on the token at the moment. Chainlink has a total market value of $6,466,113,496.63 with a high average daily volume of $3,545,503,411.86 of the currency traded over a typical 24-hour period. In the past 24 hours, LINK’s volume is below its average with $417,724,236.39 traded in total. 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.
Trading patterns over the past year for Chainlink have given the token a strong long-term technical score of 73, as its consistency, volatility, and relationship to long-term averages have given investors cause for concern. be neutral on the token. Click here for the full Chainlink (LINK) report.