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Chainlink Decreases More Than 10% Within 24 hours
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Chainlink Declined More Than 10% Within 24 hours

The price of Chainlink decreased 10.12% over the past 24 hours to $14.48, continuing its downward trend over the past week of -6.0%, moving from $15.63 to its current price.

The chart below compares the price movement and volatility for Chainlink over the past 24 hours (left) to its price movement over the past week (right). 

Chainlink Price and Volatility

 

The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

See Also: XVS Price Drops 11.5% Following False Report Of Hack Attack On Venus Protocol

Chainlink’s trading volume has climbed 9.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 0.36%. 

Chainlink Circulating Supply and Trading Volume

 

This brings the circulating supply to 556.85 million, which makes up an estimated 55.68% of its max supply of 1.00 billion. According to our data, the current market cap ranking for LINK is #14 at $8.07 billion.

Luckily, the price of Chainlink rose to above $15 but has started declining again. Smart trader should find out how to take advantage of this move.

Chainlink Price Chart | Source Coinstats

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