Chainlink (LINK)

Current price: $ 29.53

24 hours price change: $ -2.08 (-6.58%)

Daily analysis of Chainlink (LINK) - 6 months

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 6 months, starting on April 27th, 2021 to October 27th, 2021.

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 04/27/2021 and 10/27/2021.

According to the performance of Chainlink between April 27th, 2021 and October 27th, 2021, Chainlink performed the best on Wednesdays. On average, the price of Chainlink increased 1.17% on Wednesday.

The weekday on which the Chainlink performed the worst, is Friday. On Fridays, the Chainlink declined in value on average by -0.72%.

Chainlink weekday performance

On an average Sunday, the Chainlink increased 0.57%. However, since the expected deviation is 1.93%, the Chainlink will decline in value on a Sunday quiet regularly. The expected price change of the Chainlink on a Sunday is between -1.36% and 2.50%.

Historical performance on Monday do not show an increase in value of the Chainlink on which a prediction can be made. The Chainlink increased in value on average on an average Monday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the Chainlink on a Monday is between -3.11% and 4.60% (see also the table below).

On an average Tuesday, the Chainlink increased 0.56%. However, since the expected deviation is 1.68%, the Chainlink will decline in value on a Tuesday quiet regularly. The expected price change of the Chainlink on a Tuesday is between -1.12% and 2.25%.

On an average Wednesday the Chainlink shows an increase in value of 1.17%. However, the change of Chainlink on most of the Wednesdays is between -3.54% and 5.88%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Chainlinks.

It is hard to tell whether the Chainlink will increase or decrease in value on an average Thursday. The average change on a Thursday for the Chainlink is -0.20%. However, the standard deviation on this weekday is 1.86%. This means that on most Thursdays, the change in value of the Chainlink is between -2.06% and 1.66%.

On Fridays, the Chainlink decreases in value on average with -0.72%. On most of the Fridays the Chainlink decreases in value between -3.99% and 2.55%. The uncertainty (3.27%) is higher than the average decline percentage (-0.72%). Therefore, expected range of price changes of the Chainlink on Fridays is large.

Allthough the Chainlink decreases in value with -0.30% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Chainlink on Saturdays is 1.75%. This means that the expected change of the value of Chainlink is between -2.05% and 1.44% on 68 out of 100 Saturdays.

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 0.57% 1.93% -1.36% to 2.50%
Monday 0.74% 3.86% -3.11% to 4.60%
Tuesday 0.56% 1.68% -1.12% to 2.25%
Wednesday 1.17% 4.71% -3.54% to 5.88%
Thursday -0.20% 1.86% -2.06% to 1.66%
Friday -0.72% 3.27% -3.99% to 2.55%
Saturday -0.30% 1.75% -2.05% to 1.44%
 

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