Key takeaways:
- Chainlink could reach a maximum value of $20.23 in 2024.
- By 2027, LINK could reach a maximum price of $68.24.
- In 2030, Chainlink will range between $161.94 to $198.68.
Chainlink (LINK) has emerged as a prominent player in the cryptocurrency market. It provides a decentralized oracle network that connects smart contracts with real-world data. As the adoption of decentralized finance (DeFi), and blockchain technology continues to grow, Chainlink’s innovative solutions have attracted significant attention from investors, and developers alike.
Chainlink continues to expand its reach, and utility across the blockchain ecosystem, showcasing its robust integration capabilities. Recent updates highlight 14 new integrations of 5 Chainlink services across 10 different blockchain platforms, including prominent names like Arbitrum, Avalanche, and Ethereum. These integrations not only enhance Chainlink’s network but also solidify its position as a critical player in decentralized applications’ interoperability and functionality.
Understanding Chainlink’s potential price movements involves analyzing market trends, technological advancements, partnerships, and overall market sentiment. This chainlink price history prediction aims to provide insights into its future performance by examining technical analysis, and fundamental aspects that could influence its value.
Overview
| Cryptocurrency | Chainlink |
| Token | LINK |
| Price | $21.67 |
| Market Cap | $13.60B |
| Trading Volume | $6.81B |
| Circulating Supply | 626.85M LINK |
| All-time High | $52.88 May 09, 2021 |
| All-time Low | $0.1263 Sep 23, 2017 |
| 24-hour High | $21.81 |
| 24-hour Low | $18.48 |
Chainlink price prediction: Technical analysis
| Metric | Value |
| Price prediction | $17.28 (-12.47%) |
| Volatility | 16.58% |
| 50-day SMA | $13.38 |
| 14-day RSI | $13.38 |
| Sentiment | Bullish |
| Fear & Greed Index | 80 (Etreme Greed) |
| Green days | 18/30 (60%) |
| 200-day SMA | $13.06 |
Chainlink price analysis: LINK faces resistance at $25.0 amid whale activity surge
TL;DR Breakdown
- LINK recently hit a peak just shy of $25 and now faces resistance around this level.
- There’s a significant increase in whale activity coinciding with a 31% price gain
- The price is consolidating within $22-$26, suggesting potential for a bullish breakout with a target of $33
Chainlink price analysis on December 11th shows Chainlink (LINK) has been navigating a volatile market, currently priced at $22.68, reflecting a daily decline of 4.24%. Despite this pullback, the cryptocurrency has shown notable resilience, attracting significant investor interest. This article delves into the key price movements, market metrics, and technical factors shaping LINK’s trajectory as it faces resistance near $25.
Over the past 24 hours, Chainlink’s price dropped from $23.68 to a low of $22.7 before partially recovering. This marks a 4.24% decline, signaling a bearish sentiment in the short term. However, trading volume over the same period reached $1.78 billion, accounting for 12.58% of its market cap of $14.21 billion. The trading activity suggests heightened market interest, accompanied by increased selling pressure.
The total circulating supply is at 626.84 million LINK tokens, with a fully diluted valuation (FDV) of $22.67 billion. The disparity between the FDV and the market cap indicates room for growth, should market conditions turn favorable. Notably, the current price is significantly lower than Chainlink’s all-time high of $52.88, leaving investors speculating about its potential to reclaim lost ground.
Chainlink price analysis on the daily chart: LINK holds above $20 amid bearish winds
LINK/USD daily chart analysis shows a downward trend, with the recent movement pushing LINK into neutral territory. The RSI stands at 58.85, indicating that the asset is trading neutral at the current level. However, LINK has shown resilience to the bearish momentum, with LINK maintaining price levels near key exponential moving averages (EMA). Currently, LINK is trading above the 20, 50, and 100 EMA, which suggests that the bullish trend may continue if the broader market conditions remain favorable.
The Moving Average Convergence Divergence (MACD) indicator further supports the bullish outlook, with the MACD line positioned above the signal line, indicating positive momentum. Additionally, the histogram displays green bars, which is a sign of growing bullish strength. Despite these strong bullish signals, investors should be cautious of a potential correction due to the overbought conditions highlighted by the RSI.
The $27 resistance level remains the most critical hurdle for Chainlink’s price in the short term. Breaking above this level, especially with strong trading volume, could pave the way for a rally toward $33, based on the ascending triangle’s measured move calculation. Conversely, a failure to reclaim $24.30 as a key support level could expose LINK to further downside risks, with $20.66 emerging as the next critical support.
LINK 4-hour chart analysis: LINK targets a break above $25.0
The 4-hour chart for Chainlink (LINK) showcases a sustained bullish trend, with the price moving from around $16 to over $26 in recent weeks, indicating strong buyer enthusiasm. The cost of LINK has been consolidating around the $22.16 mark, finding temporary stability above the Bollinger Band (BB) middle basis at $22.11. This level often serves as a dynamic support, suggesting that LINK might be gearing up for further price action.
The Bollinger Bands display moderate width, signifying ongoing volatility and potential for movement within these bounds. The current positioning of LINK near the middle band suggests an equilibrium between buying and selling forces, but this could quickly shift with incoming market data or sentiment changes. The MACD indicator is however bearish, with the MACD line just below the signal line but showing signs of convergence towards it—a hint of upward momentum. The histogram’s reduced size further supports this potential slowdown in bearish intensity.
Chainlink has seen a significant surge in whale activity, with a reported 1,219% increase in large transactions over the past week. Despite this, recent on-chain data indicates rising sell-side pressure, with $25 million worth of LINK deposited to exchanges by whales. This influx of tokens onto exchanges often precedes increased selling activity, contributing to the recent price decline.
Daily active addresses on the Chainlink network have grown by 142% over the past month, averaging 8,220. This surge reflects increasing adoption and network utility, particularly in decentralized finance (DeFi) and smart contract platforms. However, a sharp rise in the supply of LINK on exchanges, as reported by Santiment, could offset these bullish signals by introducing additional selling pressure.
What to expect from Chainlink price analysis?
The recent price surge and whale activity suggest that Chainlink is experiencing renewed bullish momentum. Chainlink’s price remains at a pivotal juncture. While technical patterns suggest the potential for a breakout, coupled with increasing network activity and developer adoption, supports a bullish case. On the other hand, rising sell-side pressure and whale-driven exchange inflows highlight the need for caution.
For LINK to sustain its recovery and push higher, reclaiming $24.30 is essential. A decisive move above $27 would further solidify bullish momentum, potentially triggering a breakout toward $33. However, traders should watch for confirmation through increased volume and a bullish crossover on the MACD to validate any upward moves.
Chainlink technical indicators: levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 16.12 | BUY |
| SMA 5 | $ 16.87 | BUY |
| SMA 10 | $ 17.07 | BUY |
| SMA 21 | $ 15.82 | BUY |
| SMA 50 | $ 13.38 | BUY |
| SMA 100 | $ 12.29 | BUY |
| SMA 200 | $ 13.06 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 15.36 | BUY |
| EMA 5 | $ 14.24 | BUY |
| EMA 10 | $ 12.98 | BUY |
| EMA 21 | $ 12.14 | BUY |
| EMA 50 | $ 11.69 | BUY |
| EMA 100 | $ 12.00 | BUY |
| EMA 200 | $ 12.81 | BUY |
Is Chainlink a good investment?
Chainlink (LINK) is a decentralized oracle network crucial in connecting real-world data to blockchain systems. It has gained significant traction, forming strong partnerships and expanding its presence in areas like decentralized finance (DeFi) and tokenized assets. While it holds promising long-term potential and recent trends suggest a bullish outlook, it’s important to remember that the cryptocurrency market is highly unpredictable. If you’re considering investing, research thoroughly and carefully weigh the risks.
Will Chainlink recover?
Chainlink’s price has declined recently, with minor short-term recoveries; however, the move is gradual. The general trend remains bearish as it seeks support.
Will Chainlink reach $50?
Based on long-term forecasts, Chainlink (LINK) is projected to reach $50 by 2028 as its ecosystem and user adoption continue to grow.
Will Chainlink reach $100?
Chainlink can reach $100 in the year 2030 in price predictions.
Does Chainlink have a good long-term future?
Chainlink shows some stabilization, and potential for recovery, indicating the token may have a promising long-term future.
Recent news/opinion on Chainlink
- Chainlink has announced that its cross-chain interoperability standard is now live on BackedFi, enabling seamless bToken transfers across five chains and enhancing tokenized real-world assets with greater utility, liquidity, and interoperability.
- Coinbase integrates Chainlink’s CCIP into Project Diamond, enhancing data security and compliance for institutions regulated by Abu Dhabi Global Market.
- Chainlink announces that 21X, Europe’s first tokenized securities trading & settlement system, is adopting the #Chainlink standard. This integration will use Chainlink’s Price Feeds to support 21X’s trading engine and the Cross-Chain Interoperability Protocol (CCIP) to link the system to various assets across the on-chain economy.
Chainlink price prediction December 2024
For December, Chainlink is primed for notable growth. The minimum projected trading price is $21.88, with an average of around $32.07. LINK is expected to attain a peak price of $48.26.
| Chainlink Price Prediction | Potential Low | Average Price | Potential High |
| Chainlink price prediction December 2024 | $21.88 | $32.07 | $48.26 |
Chainlink price prediction 2024
The market price for LINK is expected to reach a maximum of $20.23 in 2024. However, traders can expect a minimum trading price of $17.79 and an expected average trading price of $19.67.
| Chainlink Price Prediction | Potential Low | Average Price | Potential High |
| Chainlink price prediction 2024 | $17.79 | $19.67 | $20.23 |
Chainlink price prediction 2025-2030
| Year | Minimum | Average | Maximum |
| 2025 | $26.24 | $27.22 | $33.22 |
| 2026 | $39.23 | $40.32 | $46.05 |
| 2027 | $55.85 | $57.46 | $68.24 |
| 2028 | $79.01 | $81.88 | $96.30 |
| 2029 | $114.88 | $118.98 | $138.17 |
| 2030 | $161.94 | $167.89 | $198.68 |
Chainlink price prediction 2025
In 2025, Chainlink is expected to reach a maximum value of $$33.22, a minimum price of $26.24, and an average value of $27.22.
Chainlink price prediction 2026
In 2026, LINK’s average price is expected to be $40.32; its minimum and maximum trading prices are predicted to be $39.23 to $46.05, respectively.
Chainlink price prediction 2027
The price of Chainlink is predicted to reach a minimum level of $55.85 in 2027. LINK can reach a maximum level of $68.24, and an average price of $57.46.
Chainlink price prediction 2028
The Chainlink price prediction for 2028 suggests a minimum price of $79.01, a maximum price of $96.30, and an average forecast price of $81.88.
Chainlink price prediction 2029
In 2029, Chainlink prediction expects LINK to reach a maximum value of $138.17, a minimum price of $114.88, and an average value of $118.98.
Chainlink price prediction 2030
The price of Chainlink is predicted to reach a minimum value of $161.94 in 2030. Investors can anticipate a maximum price of $198.68 and an average trading price of $167.89 if the bulls hold position.
Chainlink market price prediction: Analysts’ LINK price forecast
| Firm | 2024 | 2025 |
| Gov.Capital | $11.945 | $12.203 |
| DigitalCoinPrice | $48.01 | $56.48 |
| CoinCodex | $20.02 | $30.92 |
Cryptopolitan’s Chainlink price prediction
According to our Chainlink price forecast, the coin’s market price might reach a maximum value of $20.23 by the end of 2024. In 2026, the value of LINK could surge to a maximum price of $46.05.
Chainlink’s historic price sentiment
- Chainlink launched at around $0.20, staying mostly under $1 throughout 2018, with moderate market cap growth. In 2019, LINK saw substantial growth, reaching $1 in May and peaking around $3 by year-end, driven by its utility in providing reliable data feeds for smart contracts.
- 2020 marked a breakout year as LINK surged from $2 to $20 by August, fueled by DeFi demand. In 2021, it reached an all-time high of around $52 in May but dropped to $22 by mid-year due to market volatility.
- In 2022, LINK ranged between $15 and $25 amid broader market corrections. In 2023, it further declined, stabilizing in the $6 to $13 range as investor sentiment cooled.
- Starting 2024 at $15, LINK briefly spiked to $18 in February before falling to $12 by April. The coin’s price has fluctuated throughout 2024, peaking near $15 in May, dropping to around $10 by August, and stabilizing between $10 and $12.28 in October. In November, LINK is trading within the range of $10.68 to $11.94.
- In December, LINK is trading within the range of $18.20 to $21.53.
