Chainlink (LINK) Rises 3.07%, Outperforms the Crypto Market Thursday
Chainlink ( LINK ) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Smart Contracts has added 3.07% to $21.42.
Moderately Volatile InvestorsObserver gives Chainlink a moderate volatility rank of 31, placing it in the bottom 31% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won't make or break its rank. LINK's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Chainlink price is trading above resistance. With support near $20.38 and resistance near $21.07. This positions Chainlink out of range and potentially in a volatile position if the rally burns out.