Chainlink (LINK) gets a bullish rating from InvestorsObserver Friday. The token is up 14.07% to $13.98 while the broader crypto market is up 8.86%.
Bullish
Over the last five days, Chainlink has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Chainlink over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
Chainlink is currently trading near its midpoint for the past five-days. The token is 10.40% off its five-day high and is 21.60% higher than its five-day low of $11.5.
Chainlink price is currently above resistance. With support set around $11.25 and resistance at $13.51, Chainlink is potentially in a volatile position if the rally burns out.
Chainlink has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Due to a lack of data, this crypto may be less suitable for some investors.
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