InvestorsObserver gives Chainlink a strong long-term technical score of 96 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
LINK at this time has a superior long-term technical analysis score than 96% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
LINK is currently -$1.6600000 (-19.50%) below its 100-day moving average price of $8.520000000 with its current price of $6.860000000. Meanwhile, Chainlink is $1.5000000 (-77.19%) above its 52-week low price of $5.360000000 and -$31.30000000 (-8.23%) below its 52-week high of $38.160000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 96. Trends for the long-term trading history of Chainlink suggest that traders are currently neutral on the token.
Chainlink has a market capitalization of $3,204,563,676.89 and a relatively high average daily volume with $4,475,977,511.15 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, LINK’s volume is below its seven day average with 730,645,216.39 exchanged.
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.
Trading patterns over the last year for Chainlink leads to the token’s a strong long-term technical score of 96 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token.
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