Chainlink (LINK)

Current price: $ 14.88

24 hours price change: $ 0.23 (1.54%)

Daily analysis of Chainlink (LINK) - 1 month

The performance of Chainlink regarding the price differs every day. To make the best decision to buy Chainlink, we are analysis in this article the performance of Chainlink on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 17th, 2024 to June 17th, 2024.

In the barchart below, the weekdays and average performance of Chainlink are shown side by side.

Average daily change in price of Chainlink per weekday between 05/17/2024 and 06/17/2024.

According to the performance of Chainlink between May 17th, 2024 and June 17th, 2024, Chainlink performed the best on Mondays. On average, the price of Chainlink increased 2.90% on Monday.

The weekday on which the Chainlink performed the worst, is Tuesday. On Tuesdays, the Chainlink declined in value on average by -1.11%.

Chainlink weekday performance

It is hard to tell whether the Chainlink will increase or decrease in value on an average Sunday. The average change on a Sunday for the Chainlink is -0.19%. However, the standard deviation on this weekday is 1.21%. This means that on most Sundays, the change in value of the Chainlink is between -1.40% and 1.02%.

On an average Monday the Chainlink shows an increase in value of 2.90%. However, the change of Chainlink on most of the Mondays is between -1.12% and 6.92%. Therefore it is hard to tell whether an average Monday is a good day to start buying Chainlinks.

The Chainlink declines in value on an average Tuesday with -1.11%. However, the uncertainty (or standard deviation) is quite large, namely 1.26%. This means that it is not possible to say whether on a regular Tuesday the Chainlink will increase or decrease in value.

On Wednesdays, the Chainlink decreases in value on average with -0.68%. On most of the Wednesdays the Chainlink decreases in value between -1.64% and 0.29%. The uncertainty (0.97%) is higher than the average decline percentage (-0.68%). Therefore, expected range of price changes of the Chainlink on Wednesdays is large.

Allthough the Chainlink decreases in value with -0.31% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Chainlink on Thursdays is 1.51%. This means that the expected change of the value of Chainlink is between -1.82% and 1.20% on 68 out of 100 Thursdays.

On an average Friday the Chainlink shows an increase in value of 1.30%. However, the change of Chainlink on most of the Fridays is between -0.35% and 2.94%. Therefore it is hard to tell whether an average Friday is a good day to start buying Chainlinks.

On an average Saturday, the Chainlink increased 0.34%. However, since the expected deviation is 0.45%, the Chainlink will decline in value on a Saturday quiet regularly. The expected price change of the Chainlink on a Saturday is between -0.11% and 0.79%.

Chainlink weekday performance details

Find below the details of the performance of Chainlink per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -0.19% 1.21% -1.40% to 1.02%
Monday 2.90% 4.02% -1.12% to 6.92%
Tuesday -1.11% 1.26% -2.38% to 0.15%
Wednesday -0.68% 0.97% -1.64% to 0.29%
Thursday -0.31% 1.51% -1.82% to 1.20%
Friday 1.30% 1.64% -0.35% to 2.94%
Saturday 0.34% 0.45% -0.11% to 0.79%
 

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