Chainlink receives a weak long-term technical score of 17 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, LINK holds a superior long-term technical analysis score than 17% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
LINK is currently -$6.1300000 (-41.73%) below its 100-day moving average price of $14.690000000 with its current price of $8.560000000. Meanwhile, Chainlink is $0.5500000 (-30.43%) above its 52-week low price of $8.010000000 and -$44.31000000 (-2.72%) below its 52-week high of $52.880000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 17. Trends for the long-term trading history of Chainlink suggest that traders are currently bearish on the token.
Chainlink currently has a total market cap of $3,998,669,937.88 to go along with its average daily volume of $3,727,602,268.21 worth of the currency over the past seven days. LINK’s volume is below its seven day average as of the past 24 hours, with 1,015,705,859.75 exchanged in that period.
This token’s subclass Smart Contracts: A computer program designed to automatically execute when predetermined conditions are satisfied. 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 a weak long-term technical score of 17 as its price movement in that time has given investors reason to be bearish on the token in the long-term.
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