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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 this mysterious whale first accumulated $LINK.

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$14.75
Market Cap$9,097,142,400
Trading Volume$435,703,382
Circulating Supply587,099,970
All-time High$52.88  May 09, 2021
All-time Low$0.1263   Sep 23, 2017
24 High$15.44
24 Low$14.49

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

Today’s live Chainlink price is $13.76, with a 24-hour trading volume of $485,329,025. Chainlink is down 6.07% in the last 24 hours. The current CoinMarketCap ranking is 15, with a live market cap of $8,104,463,207. It has a circulating supply of 587,099,970 LINK coins, and the max. Supply is not available.

Chainlink price analysis: LINK corrects to $13.76 after a bearish movement

  • Chainlink price analysis displays a bearish trend.
  • LINK is trading at $15.26, down by over 6.07 percent.
  • Resistance and support levels are placed at $14.82 and $13.12 respectively.

The Chainlink price analysis shows a bearish trend today, with LINK correcting to $13.76 after a bearish movement. The correction comes after LINK reached a high of $14.82 today but failed to maintain momentum and dropped toward the $13.12 level.

Looking at resistance and support levels, we see that LINK has strong resistance at $14.82, which failed to break during today’s bullish movement. On the other hand, support is placed at $13.12, which could be tested if the bearish trend continues.

Despite the correction, Chainlink’s overall price trend is still bullish, with LINK gaining over 100 percent in the past month. However, investors and traders should keep an eye on the current bearish movement as it could signal a reversal in the short term.

Chainlink price analysis daily price chart: LINK’s uptrend faces a minor correction as bears strike

Looking at Chainlink’s daily price chart, we can see that the recent bearish movement is a minor correction in the overall uptrend. Selling pressure has caused LINK to drop from its high of $14.82 to its current price of $13.76.

However, the bullish trend remains intact as LINK trades above its 50-day moving average at $15.00. Furthermore, the MACD indicator shows a slight bearish trend as the green bars decrease in size, but the overall trend is still bullish.

LINK/USD Daily Chart, By: TradingView

The Relative Strength Index (RSI) also shows a similar pattern. LINK is currently at 33.71, indicating that it is still in overbought territory but has slightly decreased from its high of 14.82 during the bearish movement.

Chainlink price analysis hourly chart: Bears take over in the short term as LINK drops to $13.76

Switching to Chainlink’s hourly chart, we can see that the recent bearish movement has been more significant. LINK dropped from its high of $14.82 to a low of $13.12 before rebounding slightly to its current price of $13.76.

The 4-hour chart also shows a bearish bias, with technical indicators showing a short-term reversal. The RSI is currently at 49.66, indicating that LINK is no longer in overbought territory and could continue to drop lower.

LINK/USD Hourly Chart, By TradingView

The MACD indicator also shows a bearish crossover, with the red line crossing below the blue line, signaling a potential shift in momentum from bullish to bearish. All the indicators are sloping downwards, indicating that bears have taken control in the short term. However, this could be a temporary correction before LINK resumes its uptrend.

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

What to expect from Chainlink price analysis

Chainlink price analysis shows a bearish trend after a minor correction in its bullish momentum. LINK’s short-term support and resistance levels are placed at $13.12 and $14.82, respectively, with technical indicators showing a potential reversal in the short term. However, the long-term trend for Chainlink remains bullish as it trades above its key moving averages.

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 prepared forecasts for the price of Chainlink. LINK is estimated to be trading between $13.12 and $14.82 in 2033. Its average cost is expected to be around $13.76 during the year.

Chainlink Price PredictionPotential Low ($)Average Price ($)Potential High ($)
Chainlink Price Prediction June 202413.1213.7614.82

Chainlink Price Prediction 2024

After analyzing the prices of Chainlink in previous years, it is assumed that in 2024, the minimum price of LINK will be around $13.12. The maximum expected LINK price may be around $14.82. On average, the trading price might be $13.76 in 2024.

Chainlink Price PredictionPotential Low ($)Average Price ($)Potential High ($)
Chainlink Price Prediction 202413.1213.7614.82

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

The Chainlink price is forecast to reach its lowest possible $31.49 in 2025. According to our findings, the LINK price could reach its maximum possible level of $39.03, with an average forecast price of $32.63.

Chainlink Price Prediction 2026

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

Chainlink Price Prediction 2027

According to a deep technical analysis of 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 an average trading value of $69.55.

Chainlink Price Prediction 2028

Cryptocurrency experts have analyzed Chainlink’s prices and fluctuations during 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

The Chainlink price is forecast to reach its lowest possible $138.60 in 2029. According to our findings, the LINK price could reach its maximum possible level of $171.69, with an average forecast price of $142.60.

Chainlink Price Prediction 2030

The price of Chainlink is predicted to reach a minimum value of $207.59 in 2030. It could reach a maximum value of $246.61, with an 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. In 2026, the value of LINK could surge to $55.40.

Chainlink’s 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.
  • 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 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. 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 $12.00 to recent highs of $36.00.
  • Chainlink’s price faced strong resistance at the $36 mark, which it could not break through and was rejected. The rejection caused the price to fall to $23.50 before it bounced back to the $30 support level.
  • Afterward, the coin reached its all-time high of $52.88 in May and started falling. The fall in the price of Bitcoin affected Chainlink until it was $30.
  • Chainlink’s price trend was upward between May and June. 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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