Chainlink (LINK) has experienced moderate volatility compared to other cryptocurrencies. On Thursday, the price of the token increased by 8.38% to reach $16.89. InvestorsObserver has given Chainlink a volatility rank of 35, placing it in the bottom 35% of cryptocurrencies in the market.

The Volatility Gauge indicates that the token’s rank is not solely determined by one day’s performance. Despite its moderate volatility, Chainlink has a low Risk/Reward Gauge reading, suggesting that it has relatively stable price swings and is less susceptible to price manipulation.

Currently, Chainlink’s price is trading above resistance levels, with support at $14.64 and resistance near $16.6. This puts Chainlink in a potentially volatile position if the current rally loses momentum.

Tokens, such as Chainlink, are digital assets that exist on another cryptocurrency’s blockchain.

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