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Chainlink price prediction 2024-2030: A strong buy sentiment for LINK?

Key Takeaways

  • Chainlink price prediction for 2024 could reach a maximum value of $26.06
  • By 2027, LIINK could reach a maximum price of $77.65
  • In 2030, Chainlink will range between $22.01 to $26.06.

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

CryptocurrencyChainlink
TokenLINK
Price$17.73
Market Cap$10,406,807,092
Trading Volume$379,976,049
Circulating Supply587,099,970
All-time High$52.88  May 09, 2021
All-time Low$0.1263   Sep 23, 2017
24 High$18.33
24 Low$17.56

Chainlink Price Prediction: Technical Analysis

Price Prediction$22.59  (29.57%)  
Volatility11.04%
50-Day SMA$15.12
14-Day RSI58.72
SentimentNeutral
Fear & Greed Index73 (Greed)
Green Days15/30 (50%)
200-Day SMA$16.41

Chainlink price analysis: Bulls continue to lead as LINK surges To $15.49

  • Chainlink price analysis shows a bullish trend
  • Resistance for LINK/USD is present at $16.22
  • Support for Link/USD is present at $15.20

The Chainlink price analysis shows a bullish trend in today’s trading session as LINK/USD has recovered to $15.49 after rejecting the resistance at $16.22 earlier. The cryptocurrency is seeing intense buying pressure, up more than 1.13 percent in the last 24 hours. The bulls have pushed the price above the critical level of $15.30, which is a positive sign.

The immediate resistance for LINK/USD lies at $16.22, and if the bulls manage to break above this level, they could target $16.30. On the downside, there is strong support at $15.20, and if the bears manage to push the price below this level, then it could find further support around $15.20.

Chainlink price analysis 1-day Chart: LINK price moves above $15.30 after a bullish market

On the one-day chart, Chainlink’s price analysis shows it trades above $15.30 and has managed to break out from the ascending triangle pattern. The market opened today at $15.49 and has steadily increased since then. The green candles on the chart indicate that bulls control the market and are likely to push the price higher.

The 24-hour trading volume for LINK/USD has also increased to $435 million, and the market is under intense buying pressure. Chainlink’s market cap is $9 billion, and 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 converges 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 40, indicating intense buying pressure in the market. The moving average indicator is also in the bullish region and is trending higher, indicating that the bulls control the market.

Chainlink price analysis 4-hour Chart: LINK struggles to break above $15.30

On the 4-hour chart, Chainlink price analysis has traded between $15.20 and $16.22 in the past few hours. The previous day, bearish pressure pushed the price below $15.50 as more selling pressure was seen in the market. However, the bulls managed to make the price back above $15.30, and they are now aiming for a breakout at $16.30.

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 44.63 and is not giving any clear signal. The moving average indicator is below the price action, indicating that bears could have the upper hand for the short

Chainlink technical indicators: Levels and action

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$17.93SELL
SMA 5$18.03SELL
SMA 10$17.74SELL
SMA 21$16.55BUY
SMA 50$15.12BUY
SMA 100$17.00BUY
SMA 200$16.41BUY

Daily Exponential Moving Average (EMA) 

PeriodValueAction
EMA 3$17.96SELL
EMA 5$17.92SELL
EMA 10$17.61SELL
EMA 21$16.84BUY
EMA 50$16.22BUY
EMA 100$16.25BUY
EMA 200$15.38BUY

Chainlink price analysis conclusion

Chainlink’s price analysis shows that the bulls have managed to push the price above $15.30 and are now looking for a break above $16.30. If the bulls break above this level, LINK/USD could aim for new yearly highs in the coming days. The technical indicators also provide a bullish signal, which could trigger LINK to break significant resistance.

Recent news

Chainlink and Rapid Addition collaborate 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 more efficiently with tokenized assets. 

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 June 2024

In June 2024, cryptocurrency experts prepare forecasts for the price of Chainlink. It is estimated that LINK will be trading between $14.28 and $19.60 in 2033. Its average cost is expected at around $16.94 during the year.

Chainlink Price PredictionPotential Low ($)Average Price ($)Potential High ($)
Chainlink Price Prediction June 202414.2816.9419.60

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 $22.01. The maximum expected LINK price may be around $26.06. On average, the trading price might be $22.90 in 2024.

Chainlink Price PredictionPotential Low ($)Average Price ($)Potential High ($)
Chainlink Price Prediction 202422.0122.9026.06

Chainlink price prediction 2025-2030

YearMinimumAverageMaximum
2025$31.49$32.63$39.03
2026$45.78$47.41$55.40
2027$67.18$69.55$77.65
2028$96.59$100.07$115.71
2029$138.60$142.60$171.69
2030$207.59$213.29$246.61

Chainlink price prediction 2025

Chainlink price is forecast to reach a lowest possible level of $31.49 in 2025. As per our findings, the LINK price could reach a maximum possible level of $39.03 with the average forecast price of $32.63.

Chainlink price prediction 2026

Based on the technical analysis the prices of Chainlink, in 2026, LINK is expected to have the following minimum and maximum prices: about $45.78 and $55.40, respectively. The average expected trading cost is $47.41.

Chainlink price prediction 2027

According to 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 $67.18. The Chainlink price value can reach a maximum of $77.65 with the average trading value of $69.55.

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 $96.59, while its maximum can reach $115.71. On average, the trading cost will be around $100.07.

Chainlink price prediction 2029

Chainlink price is forecast to reach a lowest possible level of $138.60 in 2029. As per our findings, the LINK price could reach a maximum possible level of $171.69 with the average forecast price of $142.60.

Chainlink price prediction 2030

The price of Chainlink is predicted to reach at a minimum value of $207.59 in 2030. The Chainlink price could reach a maximum value of $246.61 with the average trading price of $213.29 throughout 2030.

Chainlink market price prediction: Analysts’ OP price forecast

Firm20242025
Gov.Capital$27.41$53.94
DigitalCoinPrice$38.64$45.46
Coindex$23.00$ 75.86

Cryptopolitan’s Chainlink price prediction

According to our Chainlink price forecast, the coin’s market price might reach a maximum value of $26.06 by the end of 2024. Looking forward to 2026, the value of LINK could surge to $55.40.

Chainlink historic price sentiment

Chainlink’s all-time performance

  • 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.
  • 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 release of the Chainlink network on the Ethereum main network heavily drove the bullish rally.
  • 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. It remained quiet until mid-July when the price rallied toward 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 wavelike 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 started falling from thereon. The fall in the price of Bitcoin affected Chainlink until it was $30.
  • Between May and June, Chainlink was on an upward trend. For the year, it registered its highest price at $18.44.

FAQs

Is Chainlink a good investment?

At present, the cryptocurrency market is forecast to grow in the coming years, with LINK prices expected to rise along with it. However, there are a number of factors that could lead to a rise or fall in prices. These include advances in technology, changes in market conditions, and the actions of governments and regulatory bodies. As such, anyone investing in LINK should do so with caution and only after doing their own research.

Will Chainlink coin crash?

It is not possible to say definitively whether Chainlink prices will rise or fall in the future. However, as the cryptocurrency market is forecast to grow in the coming years, it is likely that LINK prices will also increase.

Where can I buy and sell LINK?

LINK can be bought and sold on a number of exchanges; Binance, FTX, Huobi Global, KuCoin, Kraken, Gemini, Gate.io, Coinbase Exchange, Bitstamp, Bybit, FTX US, etc.

Can Chainlink reach $1,000?

It is possible, but predictions and algorithms cannot anticipate the news and industry developments that ultimately inform a coin’s price.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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