Chainlink (LINK) Gets a Bullish Rating of InvestorsObserver Friday. The Smart Contracts asset is up 2.61% at $9.22 while the broader crypto market is up 1.67%.
Over the past five days, Chainlink has had a bullish 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.
Chainlink is currently trading near its five-day high of $9.4272720278646. The Smart Contracts asset is 2.20% off its five-day high and 19.66% above its five-day low of $7.71.
Chainlink price is currently above the resistance. With support pegged at around $8.84 and resistance at $9.16, Chainlink is potentially in a volatile position if the rally fizzles out.
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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