Chainlink Price Prediction 2024-2033: A Strong Buy Sentiment for LINK?

Key takeaways

• Chainlink’s price surged by 1.66% in the last 24 hours, reaching $13.83, indicating a positive momentum shift. 
• An investor acquired a whopping 5,587,368 LINK tokens, valued at $112 million, across 55 Binance addresses in just 6 days, contributing to a significant whale accumulation. 
• Chainlink surged by 13.44% in the past day, totaling $176.98 million, although these individual acquisitions may not fully reflect broader trends in the ecosystem.

Chainlink, one of the leading altcoins in the crypto market, has witnessed a notable resurgence in the wake of a significant drawdown. Currently trading at $13.83, the token has experienced a modest 1.66% price surge over the past 24 hours, signaling a positive shift in momentum.

The price of $LINK has increased by ~15% since $LINK was first accumulated by this mysterious whale.

And the whale has accumulated 5,587,368 $LINK ($112M) from #Binance via 55 addresses in the past 6 days.https://t.co/ds8Ghx6eyu pic.twitter.com/rqKjfwk95V

— Lookonchain (@lookonchain) February 11, 2024

This enigmatic figure has amassed a staggering 5,587,368 LINK tokens, valued at around $112 million, through 55 different addresses on Binance within just 6 days. Other substantial LINK accumulations have been observed, including one withdrawal of 495,057 LINK worth $7.5 million on multiple occasions at an average price of $15.12.

While these individual accumulations do not wholly represent broader trends within the Chainlink ecosystem, data from IntoTheBlock suggests a total whale accumulation of $176.98 million in the past 24 hours, marking a substantial increase of 13.44%.

Overview

Chainlink Price Prediction: Technical Analysis

Chainlink Price Analysis: Bulls Continue To Lead as LINK Surges To $14.30

TL; DR Breakdown

• Chainlink price analysis shows a bullish trend
• LINK/USD is facing rejection at $14.38
• Support for Link/USD is present at $13.49

The Chainlink price analysis shows a bullish trend in today’s trading session as LINK/USD has recovered to $14.30 after rejecting the resistance at $14.38 earlier on. The cryptocurrency is seeing strong buying pressure and is up by more than 1.66 percent in the last 24 hours. The bulls have managed to push the price above the key level of $13.50, which is a positive sign.

The immediate resistance for LINK/USD lies at $14.38, and if the bulls manage to break above this level, they could target $15. On the downside, there is strong support at $13.49, and if the bears manage to push the price below this level, then it could find further support around $12.00.

Chainlink Price Analysis 1-day Chart: LINK Price Moves Above $14.30 After a Bullish Market

On the 1-day chart, Chainlink’s price analysis shows that it is trading above the level of $14.30 and has managed to break out from the ascending triangle pattern. The market opened trading today at $13.83 and has been steadily increasing since then. The green candles on the chart indicate that bulls are in control of the market and are likely to push the price higher.

The 24-hour trading volume for LINK/USD has also increased to $267 million, and there is strong buying pressure in the market. Chainlink’s market cap stands at $8.3 billion, and it looks like the Bulls are determined to increase the price.

LINK/USD 1-day price chart By TradingView

The daily technical indicators are also providing a bullish signal. The moving average convergence divergence (MACD) is in the positive region, and the MACD line crosses above the signal line. The relative strength index (RSI) also trades well above 30, indicating that there is strong buying pressure in the market. The moving average indicator is also in the bullish region and is trending higher, indicating that the bulls are in control of the market.

Chainlink Price Analysis 4-hour Chart: LINK Struggles To Break Above $14.30

On the 4-hour chart, Chainlink price analysis has traded between $14.38 and $13.49 in the past few hours. The previous day, bearish pressure pushed the price below $14.00 as more selling pressure was seen in the market. However, the bulls managed to make the price back above $14.30, and it looks like they are now aiming for a breakout at $15.

LINK/USD 4-hour price chart By TradingView

The technical indicators on the 4-hour chart provide a neutral signal, with the MACD line and signal line being almost flat. The RSI is also trading around 50 and is not giving any clear signal at this point. The moving average indicator is below the price action, indicating that bears could have the upper hand for the short term. 

Technical Indicators: Levels And Action

Daily Simple Moving Average (SMA)

Daily Exponential Moving Average (EMA) 

What to expect from BTC price analysis next?

Chainlink’s price analysis shows that the bulls have managed to push the price above $14.30 and are now looking for a break above $14.38. If the bulls manage to break above this level, then LINK/USD could aim for new yearly highs in the coming days. The technical indicators are also mostly providing a bullish signal, and this could be the trigger for LINK to break major resistance. 

Recent News

Chainlink and Rapid Addition are teaming up to create a FIX-native adapter for institutional digital asset trading. Powered by Chainlink’s CCIP, this adapter will enable banks and financial institutions to interact with tokenized assets more efficiently. 

It aims to tap into markets like renewable energy, carbon credits, and real-world assets. This collaboration aims to lower technical barriers and enhance interoperability, facilitating institutional adoption of blockchain and crypto.

Chainlink Price Prediction, May 2024

Every year, cryptocurrency experts prepare forecasts for the price of Chainlink. It is estimated that LINK will be traded between $14.28 and $19.60 in 2033. Its average cost is expected at around $16.94 during the year.

Chainlink Price Prediction 2024

After the analysis of the prices of Chainlink in previous years, it is assumed that in 2024, the minimum price of LINK will be around $16.64. The maximum expected LINK price may be around $18.75. On average, the trading price might be $17.30 in 2024.

Chainlink Price Prediction 2025-2033

Chainlink Price Prediction 2025

Chainlink price is forecast to reach a lowest possible level of $24.03 in 2025. As per our findings, the LINK price could reach a maximum possible level of $29.07 with the average forecast price of $24.90.

Chainlink Price Prediction 2026

Based on the technical analysis by cryptocurrency experts regarding the prices of Chainlink, in 2026, LINK is expected to have the following minimum and maximum prices: about $36.24 and $42.66, respectively. The average expected trading cost is $37.24.

Chainlink Price Prediction 2027

According to our deep technical analysis on past price data of LINK, In 2027 the price of Chainlink is forecasted to be at around a minimum value of $52.62. The Chainlink price value can reach a maximum of $62.42 with the average trading value of $54.11.

Chainlink Price Prediction 2028

The experts in the field of cryptocurrency have analyzed the prices of Chainlink and their fluctuations during the previous years. It is assumed that in 2028, the minimum LINK price might drop to $73.45, while its maximum can reach $90.33. On average, the trading cost will be around $75.62.

Chainlink Price Prediction 2029

Chainlink price is forecast to reach a lowest possible level of $107.90 in 2029. As per our findings, the LINK price could reach a maximum possible level of $128.70 with the average forecast price of $110.93.

Chainlink Price Prediction 2030

The price of Chainlink is predicted to reach at a minimum value of $152.55 in 2030. The Chainlink price could reach a maximum value of $189.36 with the average trading price of $158.10 throughout 2030.

Chainlink Price Prediction 2031

Chainlink price is forecast to reach a lowest possible level of $219.59 in 2031. As per our findings, the LINK price could reach a maximum possible level of $263.73 with the average forecast price of $227.49.

Chainlink Price Prediction 2032

As per the forecast price and technical analysis, In 2032 the price of Chainlink is predicted to reach at a minimum level of $322.39. The LINK price can reach a maximum level of $385.33 with the average trading price of $333.76.

Chainlink Price Prediction 2033

Based on the analysis of the costs of Chainlink by crypto experts, the following maximum and minimum LINK prices are expected in 2033: $554.11 and $462.25. On average, it will be traded at $475.60.

Chainlink Market Price Prediction: Analysts’ OP Price Forecast

Chainlink Price Prediction by Technewsleader

Chainlink price prediction by Technewsleader estimates the price of LINK to experience enormous growth. It could attain a yearly turnaround of a minimum of $37.96 and a maximum trading price of $95.36 by 2029. The market analyst states that LINK could attain a maximum price of $170.80 in the next ten years, with a minimum forecast price of $290.26 by the end of 2032.

Chainlink Price Prediction by Coincodex

According to Coincodex’s Chainlink price prediction, the outlook for the cryptocurrency is optimistic. By March 12, 2024, Chainlink is forecasted to rise by 6.45% and reach $21.46. The current sentiment is bullish, with the Fear & Greed Index indicating extreme greed at 82. Over the last 30 days, Chainlink has recorded 15 green days out of 30, with a price volatility of 4.17%. Based on these indicators, it’s deemed a good time to consider buying Chainlink.

Looking further ahead, the long-term Chainlink price predictions for 2025 through 2030 show a potential for substantial growth. By 2025, Chainlink’s yearly low is estimated at $20.15, with a high prediction of $77.71, offering a potential gain of 289.64% from today’s price if it reaches the upper target.

Similarly, for 2030, the price forecast ranges from $44.78 to $95.43, indicating a potential increase of 378.46% from the current price if Chainlink achieves the upper price target. These predictions highlight Chainlink’s potential as an investment option with significant growth opportunities in the coming years, particularly considering its role in the DeFi ecosystem and the increasing demand for reliable data oracles.

Chainlink Price Prediction by DigitalCoinprice

Coincodex is another website with a bullish outlook on LINK’s short-term and long-term prospects. The Chainlink price prediction suggests a bullish outlook with expectations of significant growth. By the end of 2025, Chainlink is forecasted to increase by approximately 254.91%, reaching a value of $27.67. However, the current Fear & Greed Index reflects extreme fear in the market. Over the next few years, gradual price rises are anticipated, with 2024 ending around $16.79, followed by $19.67 in 2024. By 2032, the price could reach $149.15, indicating long-term optimism.

Chainlink Price Prediction by Market Experts

Prominent crypto trader Michaël van de Poppe recently highlighted the potential for Chainlink (LINK) to enter a bullish cycle, noting its undervaluation compared to Bitcoin and strong weekly price action following a period of sideways movement. Poppe suggests that with Bitcoin showing signs of a macro reversal, altcoins like LINK, which have lagged in early 2023 trading, could see increased momentum. He believes there’s significant room for exponential growth as valuations remain below previous cycle highs. Specifically, Poppe envisions LINK breaking out from current levels convincingly within 2-3 months, with initial conservative upside targets set around $42.

Chainlink has exhibited impressive performance, with a notable 17.2% increase in price over the past 30 days, despite being significantly below its previous all-time high of $52.70. This suggests a more achievable path towards double-digit values for the altcoin. Changelly’s cryptocurrency experts have provided their Chainlink price prediction, forecasting a minimum of $20.44 and a maximum of $24.56 for March, with an average price range of $20 to $21.83. Looking further ahead, the forecast suggests LINK could hit $42 by October 2025.

While the market outlook appears favorable for Chainlink and other altcoins, it’s important to note the unpredictability of the cryptocurrency market and its susceptibility to shifts in overall sentiment. With Bitcoin reaching $65,000, there’s anticipation for another potential bull run in the altcoin sector. Investors should remain vigilant and consider various factors when making investment decisions in this dynamic market environment.

Cryptopolitan’s Chainlink Price Prediction

According to Cryptopolitan, Chainlink, one of the leading altcoins in the crypto market, has witnessed a notable resurgence in the wake of a significant drawdown. The token has experienced a modest price surge over the past months, signaling a positive shift in momentum.

Chainlink Price History

2018 began with a strong bullish rally, and most digital assets were at their summit. Chainlink token was not an exception. However, after that, a sharp freefall in the altcoins market resulted in billions of dollars being wiped out of the market.

We are currently witnessing a somewhat similar situation. Most altcoins are currently at one-half to one-fourth of their all-time high.

Not many altcoin projects managed to survive the famous crypto winter season. Some altcoins like Ethereum price and Chainlink price managed to endure the dark moment, and their price began rising.

2019 was a very significant year for Chainlink. Its token LINK was performing very impressively in the market. The performance is heavily associated with the pioneering DApps on the Chainlink network and listing by a few crypto exchanges, such as Bitbox, the previous year.

This drove the LINK price from $0.3 at the beginning of the year to a record $1.13 by May 2019. The oracle coin broke its ATH twice more that year, and on June 24, 2019, LINK’s price reached a record $4.540. The bullish rally was heavily driven by the release of the Chainlink network on the Ethereum main network.

In 2020, the Chainlink project emerged as the top performer of all cryptocurrencies beating significant cryptocurrencies like Bitcoin and Ethereum for the second year in a row. Bitcoin price The massive rally was heavily connected to the 2020 DeFi craze.

LINK began trading at around $1.70 and hiked toward $4.570 in February. LINK remained quiet until mid-July when the LINK price rallied towards a new ATH at $8.40. The rally continued, and Chainlink’s digital asset price almost hit $20 but faced rejection and pulled back to under $12.

In 2021, Chainlink’s price enjoyed a strong bull run as wave-like bullish activity caused the price to rise from the $12.00 mark to the recent highs of $36.00.

Chainlink’s price faced strong resistance at the $36 mark, which it could not break through and ended up being rejected from the level. The rejection caused the price to fall to the $23.50 mark before the price bounced back to the $30 support level.

Afterward, in May, the coin reached its all-time high of $52.88, and from thereon, it started to fall. The fall in the price of Bitcoin affected Chainlink until it was $30.