Loading...

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

Key takeaways

  • Chainlink price prediction for 2024 could reach a maximum value of $19.29
  • By 2027, LIINK could reach a maximum price of $65.89
  • In 2030, Chainlink will range between $22.01 to $210.99

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$14.04
Market Cap$8,560,282,749
Trading Volume$373,486,136
Circulating Supply608,099,970
All-time High$52.88  May 09, 2021
All-time Low$0.1263   Sep 23, 2017
24 High$13.37
24 Low$11.27

Chainlink Price Prediction: Technical Analysis

Price Prediction$20.05  (53.24%)
Volatility8.40%
50-Day SMA$15.77
14-Day RSI 40.76
SentimentBearish
Fear & Greed Index44 (Fear)
Green Days13/30 (43%)
200-Day SMA$16.36

Today’s Chainlink price is $14.04, with a 24-hour trading volume of $373,486,136. Chainlink is up 1.58% in the last 24 hours. The current CoinMarketCap ranking is 15, with a live market cap of $8,560,282,749. It has a circulating supply of 608,099,970 LINK coins, and the max. Supply is not available.

Chainlink Price Analysis: Bulls Continue To Lead as LINK Surges To $14.04

  • Chainlink price analysis shows a bullish trend
  • Resistance for LINK/USD is present at $14.50
  • Support for Link/USD is present at $13.75

The Chainlink price analysis shows a bullish trend in today’s trading session as LINK/USD has recovered to $14.04 after rejecting the resistance at $14.50 earlier. The cryptocurrency is seeing intense buying pressure, up more than 1.58 percent in the last 24 hours. The bulls have pushed the price above the critical level of $14.00, which is a positive sign.

The immediate resistance for LINK/USD lies at $14.50, and if the bulls manage to break above this level, they could target $15.00. On the downside, there is strong support at $13.75, and if the bears manage to push the price below this level, then it could find further support around $13.75.

Chainlink Price Analysis 1-day Chart: LINK Price Moves Above $14.00 After a Bullish Market

On the one-day chart, Chainlink’s price analysis shows it trades above $14.00 and has managed to break out from the ascending triangle pattern. The market opened today at $14.04 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 $373 million, and the market is under intense buying pressure. Chainlink’s market cap is $8 billion, and the Bulls are determined to increase the price.

LINK/USD 1-day price chart By TradingView

The daily technical indicators also provide 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 50, 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 $14.00

On the 4-hour chart, Chainlink price analysis has traded between $13.75 and $14.50 in the past few hours. The previous day, bearish pressure pushed the price below $15.00 as more selling pressure was seen in the market. However, the bulls managed to make the price back above $14.00, and they are now aiming for a breakout at $14.50.

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 term.

Chainlink technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValueAction
SMA 3$14.34SELL
SMA 5$14.05SELL
SMA 10$14.19SELL
SMA 21$14.42SELL
SMA 50$15.77SELL
SMA 100$15.69SELL
SMA 200$16.36SELL

Daily Exponential Moving Average (EMA) 

PeriodValueAction
EMA 3$14.13SELL
EMA 5$14.07SELL
EMA 10$14.15SELL
EMA 21$14.68SELL
EMA 50$15.34SELL
EMA 100$15.76SELL
EMA 200$15.32SELL

Chainlink price analysis conclusion

Chainlink’s price analysis shows that the bulls have managed to push the price above $14.00 and are now looking for a break above $14.50. 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. 

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 $15

Chainlink price shows a recent decline with some stabilization, predicting whether Chainlink will reach $15 is uncertain.

Will Chainlink reach $100?

It is highly speculative to predict if Chainlink will reach $100.

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 partnered with Rapid Addition to launch a FIX-native adapter, boosting efficiency in institutional digital asset transactions. This new adapter, supported by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), allows banks and other financial entities to streamline their dealings with tokenized assets. 

The initiative targets sectors such as renewable energy, carbon credits, and real-world assets to reduce technical challenges and improve compatibility across systems. By lowering entry barriers and fostering greater integration, this strategic collaboration is set to accelerate the institutional embrace of blockchain technology and cryptocurrencies.

Chainlink price prediction July 2024

In July 2024, the price of Chainlink is estimated to be trading between $13.75 and $14.50 in 2024, and its average cost is expected to be around $14.04 during the year.

Chainlink Price PredictionPotential Low ($)Average Price ($)Potential High ($)
Chainlink Price Prediction July 2024$13.75$14.04$14.50

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 $13.75. The maximum expected LINK price may be around $14.50. On average, the trading price might be $14.04 in 2024.

Chainlink Price PredictionPotential Low ($)Average Price ($)Potential High ($)
Chainlink Price Prediction 2024$13.75$14.04$14.50

Chainlink price prediction 2025-2030

YearMinimumAverageMaximum
2025$26.15$27.05$30.05
2026$38.22$39.30$46.48
2027$56.82$58.78$65.89
2028$80.82$83.76$99.62
2029$118.71$122.90$142.51
2030$172.44$178.58$210.99

Chainlink Price Prediction 2025

In 2025 the price of Chainlink is expected to reach at a minimum price value of $26.15. The LINK price can reach a maximum price value of $30.05 with the average value of $27.05.

Chainlink Price Prediction 2026

The price of  Chainlink is expected to reach at a minimum level of $38.22 in 2026. The LINK price can reach a maximum level of $46.48 with the average price of $39.30 throughout 2026.

Chainlink Price Prediction 2027

The price of Chainlink is predicted to reach at a minimum level of $56.82 in 2027. The Chainlink price can reach a maximum level of $65.89 with the average price of $58.78 throughout 2027.

Chainlink Price Prediction 2028

Chainlink price is forecast to reach a lowest possible level of $80.82 in 2028. As per our findings, the LINK price could reach a maximum possible level of $99.62 with the average forecast price of $83.76.

Chainlink Price Prediction 2029

Chainlink price is forecast to reach a lowest possible level of $118.71 in 2029. As per our findings, the LINK price could reach a maximum possible level of $142.51 with the average forecast price of $122.90.

Chainlink Price Prediction 2030

The price of Chainlink is predicted to reach at a minimum value of $172.44 in 2030. The Chainlink price could reach a maximum value of $210.99 with the average trading price of $178.58 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.

Share link:

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

eos price prediction
Cryptopolitan
Subscribe to CryptoPolitan