Chainlink (LINK) Gets a Bearish Rating of InvestorsObserver Monday. The token is down 5.25% at $13.08 while the broader crypto market is down 2.75%.
Bearish
Over the past five days, Chainlink has had a bearish rating on the InvestorsObserver Sentiment score. The Sentiment Score measures Chainlink’s performance over the past five days based on volume and price movement.
The Sentiment Score provides a quick, short-term snapshot of recent crypto performance. This can be useful for both short-term investors looking to take advantage of a rally and longer-term investors trying to buy the dip.
Price levels
Chainlink is currently trading near its five-day low of $12.7800167955008. The token is 17.28% off its five-day high and 2.35% higher than its five-day low of $12.78.
Chainlink price is currently below support. With support set at around $13.39 and resistance at $14.16, Chainlink is potentially in volatile territory as the selling pushes the price of the crypto below recent support.
Chainlink has been trading at low volume recently. This means that today’s volume is lower than its average volume for the last seven days.
What is a token?
Tokens are digital assets that exist on the blockchain of another cryptocurrency.
Due to a lack of data, this crypto may be less suitable for some investors.
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