Key takeaways:
- Chainlink could reach a maximum value of $13.16 in 2024.
- By 2027, LINK could reach a maximum price of $40.62.
- In 2030, Chainlink will range between $105.52 to $122.54.
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 the interoperability, and functionality of decentralized applications.
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 both technical analysis, and fundamental aspects that could influence its value.
Overview
| Cryptocurrency | Chainlink |
| Token | LINK |
| Price | $10.98 |
| Market Cap | $6.88B |
| Trading Volume | $240.64M |
| Circulating Supply | 626.85M LINK |
| All-time High | $52.88 May 09, 2021 |
| All-time Low | $0.1263 Sep 23, 2017 |
| 24-hour High | $11.27 |
| 24-hour Low | $10.88 |
Chainlink price prediction: Technical analysis
| Metric | Value |
| Price prediction | $ 13.78 (23.64%) |
| Volatility | 3.62% |
| 50-day SMA | $ 11.38 |
| 14-day RSI | 47.59 |
| Sentiment | Neutral |
| Fear & Greed Index | 69 (Greed) |
| Green days | 14/30 (47%) |
| 200-day SMA | $12.89 |
Chainlink price analysis: LINK eyes further upside beyond $18
Key Takeaways:
- LINK surges past the $18 mark, gaining 47% over the last two weeks.
- Bullish indicators, including a golden crossover and positive MACD momentum, suggest further gains are likely.
- LINK’s next resistance level sits near $19, with potential targets of $20 or higher.
Chainlink price analysis on November 25th shows LINK has maintained an impressive rally, currently trading at $18.01 after gaining 2.78% over the past 24 hours. This surge reflects a steady upward trend over the last two weeks, with LINK’s market capitalization now at $11.29 billion. Additionally, its 24-hour trading volume has seen an 18.68% increase, reaching $1.31 billion, signaling growing market activity.
Despite facing resistance around $19 earlier today, LINK’s sustained bullish momentum suggests it is well-positioned to break this level, given current market sentiment. The breakout past the critical $15 resistance earlier this week has further fueled optimism among investors, solidifying LINK’s status as one of the top-performing altcoins.
Chainlink LINK daily chart analysis: Bullish indicators and resistance at $20.0
The daily chart underscores a robust bullish trend, supported by key technical indicators. The golden crossover between the 50-day and 200-day exponential moving averages (EMAs) is a clear signal of sustained upward momentum. Furthermore, the Relative Strength Index (RSI) is at 67.47, indicating the asset is approaching overbought territory but still has room for additional gains before a potential pullback.
The MACD histogram remains in green, with a positive cross above the zero line, reinforcing ongoing bullish momentum. Although LINK experienced minor corrections earlier in the day, the 200-day EMA at approximately $16.50 is acting as a robust support level, ensuring the uptrend remains intact.
The resistance at $18 is pivotal. Given the current trading volume and positive MACD, if LINK surpasses this resistance, it could set the stage for a move towards $20, aligning with bullish forecasts. The significant increase in trading volume compared to previous sessions suggests strong buying pressure that could overcome current resistance levels.
On the flip side, failure to break the $18 mark might lead to a pullback, with the 200-day EMA acting as a major support. A drop below this moving average could trigger a bearish trend, urging investors to secure profits and possibly driving prices towards lower support zones.
LINK 4-hour chart analysis: LINK to test key resistance of $19.0
The near-term outlook for LINK largely depends on its ability to break and sustain trading above the $18 mark. If Chainlink stays above this level, analysts predict that the price could continue to rise toward $19 or even reach $20. The ongoing market trend supports these price targets, as altcoins are gaining attention during this phase of the cryptocurrency market. If LINK manages to push through resistance, it could trigger a new wave of buying momentum driven by technical indicators and investor optimism.
LINK continues to challenge its recent highs, with the crucial resistance now adjusted to around $18. This level was tested multiple times in the past day, suggesting a strong battle between buyers aiming for a breakout and sellers defending this level.
The charts highlight a series of moving averages (EMA 20, 50, 100, 200). Currently, LINK is positioned above all these averages on the daily chart, a bullish signal that the upward momentum might sustain if the $18 resistance is decisively broken.
The Relative Strength Index (RSI) hovers around 67, suggesting that LINK is in slightly overbought territory but not excessively so, which could allow for further gains. The MACD remains bullish, with the signal line below the MACD line, reinforcing the potential for ongoing upward momentum.
What to expect from Chainlink price analysis
Chainlink’s price action has been characterized by its resilience near the critical resistance. After a bullish rally halted near $18, buyers regrouped and pushed the price above recent highs, managing to defend the 200-day EMA successfully. This level now serves as a crucial support zone. If LINK can sustain above this mark, it might activate another wave of bullish momentum, potentially driving the price towards the $19 or even $25 thresholds as forecasted by analysts. Conversely, a failure to hold above the $15 level could attract sellers, leading to profit booking and a possible downtrend.
Investors should monitor LINK closely, especially its ability to sustain above the $18 resistance. A successful breakout on increased volumes could validate further bullish predictions, while a retreat might suggest reevaluation of positions based on lower support levels.
Chainlink technical indicators: levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $11.43 | SELL |
| SMA 5 | $ 11.59 | SELL |
| SMA 10 | $ 11.33 | SELL |
| SMA 21 | $ 11.55 | SELL |
| SMA 50 | $ 11.38 | SELL |
| SMA 100 | $ 11.27 | SELL |
| SMA 200 | $ 12.99 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 11.42 | SELL |
| EMA 5 | $ 11.34 | SELL |
| EMA 10 | $ 11.24 | SELL |
| EMA 21 | $ 11.23 | SELL |
| EMA 50 | $ 11.30 | SELL |
| EMA 100 | $ 11.83 | SELL |
| EMA 200 | $ 12.75 | SELL |
Is Chainlink a good investment?
Chainlink represents a robust investment opportunity due to its pivotal role in linking external data to blockchains through its decentralized oracle network, which is crucial for the functionality of smart contracts, especially in DeFi. Its strategic collaborations with major blockchain platforms and traditional finance entities, such as Coinbase Cloud, enhance its reliability and expand its use cases across various industries. This interoperability, and the essential nature of its services position Chainlink as a key player in the blockchain ecosystem, making it an attractive option for investors looking for growth potential in the cryptocurrency market.
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 continues 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, in collaboration with ANZ and ADDX under MAS’s Project Guardian, has launched a groundbreaking privacy-enabled cross-chain solution for tokenized commercial paper, leveraging CCIP Private Transactions for seamless cross-border connectivity.
Blockworks announced that a pilot project by Swift, Chainlink, and UBS, aiming to bridge traditional payment systems with tokenized assets, has successfully concluded. For more insights, the full details are available in the 0xResearch newsletter on Blockworks’ website.. Additionally, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is being used by SBI Digital Markets to create a framework for primary and secondary market distribution of tokenized assets, connecting centralized exchanges across jurisdictions.
Chainlink price prediction November 2024
For November, Chainlink is primed for notable growth. The minimum projected trading price is $9.90, with an average of around $11.85. LINK is expected to attain a peak price of $14.95.
| Chainlink Price Prediction | Potential Low | Average Price | Potential High |
| Chainlink price prediction November 2024 | $9.90 | $11.85 | $14.95 |
Chainlink price prediction 2024
The market price for LINK is expected to reach a maximum of $13.16 by Q4 of 2024. However, traders can expect a minimum trading price of $12.12 and an average price of $12.58.
| Chainlink Price Prediction | Potential Low | Average Price | Potential High |
| Chainlink price prediction 2024 | $12.12 | $12.58 | $13.16 |
Chainlink price prediction 2025-2030
| Year | Minimum | Average | Maximum |
| 2025 | $17.12 | $17.75 | $21.09 |
| 2026 | $22.97 | $23.86 | $29.92 |
| 2027 | $34.16 | $35.35 | $40.62 |
| 2028 | $49.45 | $50.86 | $59.50 |
| 2029 | $70.45 | $72.49 | $84.49 |
| 2030 | $105.52 | $108.42 | $122.54 |
Chainlink price prediction 2025
In 2025, Chainlink is expected to reach a maximum value of $21.09, a minimum price of $17.12, and an average value of $17.75.
Chainlink price prediction 2026
In 2026, LINK’s average price is expected to be $23.86; its minimum and maximum trading prices are predicted to be $22.97 to $29.92, respectively.
Chainlink price prediction 2027
The price of Chainlink is predicted to reach a minimum level of $34.16 in 2027. LINK can reach a maximum level of $40.62, and an average price of $35.35.
Chainlink price prediction 2028
The Chainlink price prediction for 2028 suggests a minimum price of $49.45, a maximum price of $59.50, and an average forecast price of $50.86.
Chainlink price prediction 2029
In 2029, Chainlink is expected to reach a maximum value of $84.49, a minimum price of $70.45, and an average value of $72.49.
Chainlink price prediction 2030
The price of Chainlink is predicted to reach a minimum value of $105.52 in 2030. Investors can anticipate a maximum price of $122.54 and an average trading price of $108.42 if the bulls hold position.
Chainlink market price prediction: Analysts’ LINK price forecast
| Firm | 2024 | 2025 |
| Gov.Capital | $22.16 | $28 |
| DigitalCoinPrice | $24.12 | $28.37 |
| CoinCodex | $13.15 | $21.72 |
Cryptopolitan’s Chainlink price prediction
According to our Chainlink price forecast, the coin’s market price might reach a maximum value of $13.16 by the end of 2024. In 2026, the value of LINK could surge to a maximum price of $30.
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.
