Key takeaways:
- Chainlink could reach a maximum value of $14.20 in 2024.
- By 2027, LINK could reach a maximum price of $32.22.
- In 2030, Chainlink will range between $120.46 to $139.62.
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 price prediction aims to provide insights into Chainlink’s future performance by examining both technical analysis and fundamental aspects that could influence its value.
Overview
| Cryptocurrency | Chainlink |
| Token | LINK |
| Price | $10.84 |
| Market Cap | $6,589,638,511 |
| Trading Volume | $123,116,586 |
| Circulating Supply | 608,099,970 |
| All-time High | $52.88 May 09, 2021 |
| All-time Low | $0.1263 Sep 23, 2017 |
| 24-h High | $11.19 |
| 24-h Low | $10.81 |
Chainlink price analysis: LINK oscillates above $10.0 amid market consolidation
Key takeaways
- Chainlink price analysis shows LINK consolidating around $10.36 with a minor increase over 24 hours.
- Chainlink price analysis shows resistance at $10.50 and support at $10.20, signaling market uncertainty.
- Chainlink price analysis shows social media engagement at an ATH, supporting long-term bullish sentiment.
Chainlink price analysis for September 9th shows a slight upward movement in the cryptocurrency. It is currently trading at $10.36, with a 1.68% increase over the last 24 hours. Chainlink (LINK) is experiencing a gradual recovery after recent dips as it moves within a consolidated price range. The token has faced a volatile market over the past weeks, but social metrics and technical indicators suggest growing market interest and potential price movement.
Despite the ongoing volatility in the broader cryptocurrency market, LINK has shown resilience, consolidating around the $10.30 support level. Over the past week, LINK has experienced a 4.1% drop, while its monthly decline is slightly less at 1.23%. However, the token’s recovery of 2.02% in the past 24 hours indicates an attempt to regain lost ground. The Chainlink ecosystem continues to grow with new adoption in the Web3 space, further supporting its long-term outlook.
Chainlink daily chart analysis: LINK consolidates above key support level
Chainlink price analysis on the daily chart suggests that LINK is struggling to break through resistance near $10.50. After experiencing a significant drop in August, the token has found support around the $10.20 level, preventing further declines. LINK’s price is currently trapped between crucial support at $10.20 and resistance at $10.50, with any breakout likely to dictate the next directional move.
The Stochastic RSI on the daily chart stands at 46.89, suggesting neutral momentum in the market. However, the indicator shows that LINK may soon experience a period of increased volatility as it nears the upper boundary of its current trading range. The Relative Strength Index (RSI) reads 44.41, which points to a mildly bearish sentiment but leaves room for upside potential should buying pressure increase.
Moreover, the Commodity Channel Index (CCI) reflects a value of -45.23, indicating that LINK could be oversold in the short term. If key resistance levels are breached, this could result in a potential price reversal or upward momentum. However, LINK will need to clear the $10.50 mark convincingly to see any substantial gains, with the next major resistance point sitting near $11.
Chainlink’s price movement will likely depend on whether it can breach the $10.50 resistance. A successful move past this point could propel LINK towards $11, a key psychological level. Conversely, a failure to maintain current support could lead to a retest of the $10 mark, which has been a crucial level for the token over the past few weeks.
LINK 4-hour chart analysis: LINK oscillates at the 20-day EMA
LINK/USD price analysis on the 4-hour chart reveals that LINK is oscillating above its 20-period Exponential Moving Average (EMA) at $10.348, which acts as a temporary support level. The price has hovered in this range throughout the past day, failing to break through the immediate resistance at $10.587, marked by the 50-period EMA. This price action highlights the market’s uncertainty, with LINK struggling to gain enough momentum for a decisive breakout.
The MACD on the 4-hour chart shows a neutral signal, with both the MACD line and the signal line converging around the zero mark. This suggests that the market is in a consolidation phase, with neither buyers nor sellers gaining dominance. The RSI, standing at 57.82, reinforces the neutral sentiment in the market, indicating that LINK is still within a balanced trading range.
While LINK remains within a tight trading range, the overall sentiment appears cautious. If LINK breaks above this level, it could increase buying pressure, pushing the price towards the $11.00 mark. On the downside, a breach below the 20-period EMA could trigger further selling, driving the price toward the $10.00 psychological support level.
Sentiment around LINK remains mixed. The token shows resilience at critical support levels but struggles to break through resistance. On-chain data from Santiment reveals that Chainlink discussions on social platforms have reached an all-time high (ATH), signifying growing interest in the decentralized Oracle service provider. This heightened engagement is expected to support LINK’s price performance, though small-holder wallets have slightly declined in the past month. Still, LINK has recovered from its recent lows and has shown resilience in the face of broader market fluctuations.
If LINK can push past the $10.50 resistance in the short term, it could target $11 and beyond, potentially rallying toward $12 if broader market conditions improve. On the downside, failure to hold above $10.20 could invite further selling pressure, pushing LINK towards the next support at $9.80.
Chainlink’s price action today reflects a market in balance, with LINK oscillating between critical support and resistance levels. The token’s ability to hold its ground above $10.20, coupled with its growing ecosystem and social media dominance, suggests a breakout could be on the horizon.
Chainlink price prediction: Technical analysis
Metric | Value |
| Price Prediction | $ 7.77 (-28.54%) |
| Volatility | 7.27% |
| 50-Day SMA | $ 12.08 |
| 14-Day RSI | 46.69 |
| Sentiment | Bearish |
| Fear & Greed Index | 26 (Fear) |
| Green Days | 14/30 (47%) |
| 200-Day SMA | $ 15.45 |
Chainlink technical indicators: levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $10.63 | BUY |
| SMA 5 | $10.87 | SELL |
| SMA 10 | $11.48 | SELL |
| SMA 21 | $11.16 | SELL |
| SMA 50 | $12.08 | SELL |
| SMA 100 | $13.57 | SELL |
| SMA 200 | $15.45 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $10.88 | SELL |
| EMA 5 | $10.68 | BUY |
| EMA 10 | $10.58 | BUY |
| EMA 21 | $10.94 | SELL |
| EMA 50 | $12.06 | SELL |
| EMA 100 | $13.29 | SELL |
| EMA 200 | $14.02 | SELL |
What to expect from Chainlink
Given the current setup, Chainlink faces immediate resistance at the $11.00 level. The consolidation around $10.70 suggests that the market is undecided, with potential for a breakout above this resistance or further declines if the support around $10.60 fails. The Aroon indicator’s current readings support the possibility of further downward movement, which would need to be closely monitored for signs of a stronger bearish trend developing.
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?
Chainlink current price shows a decline with some stabilization, predicting whether Chainlink will reach $50 is uncertain.
Will Chainlink reach $100?
It is highly speculative for Chainlink LINK price prediction of Chainlink to reach $100.
Does Chainlink have an excellent 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
- Suhoio and chainlink establish strategic alliance to enhance tokenized assets and CBDC utilization.
- Chainlink partners with Instruxi.io to enhance SDK with secure, real-time data functions.
Chainlink price prediction September 2024
Chainlink’s price is estimated to be between $10.86 and $11.72 in September 2024, and its average cost is expected to be around $11.32.
| Chainlink Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| Chainlink price prediction September 2024 | $10.86 | $11.32 | $11.72 |
Chainlink price prediction 2024
After analyzing the LINK prices in previous years, it is assumed that by the end of 2024, the minimum price of LINK will be around $12.72. The maximum expected LINK price may be around $14.20. On average, the trading price might be $13.16.
| Chainlink Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) |
| Chainlink price prediction 2024 | $12.72 | $13.16 | $14.20 |
Chainlink price prediction 2025-2030
| Year | Minimum | Average | Maximum |
| 2025 | $18.78 | $19.30 | $22.64 |
| 2026 | $27.08 | $28.04 | $32.22 |
| 2027 | $40.02 | $41.14 | $47.37 |
| 2028 | $57.55 | $59.20 | $68.98 |
| 2029 | $79.77 | $82.73 | $98.43 |
| 2030 | $120.46 | $123.77 | $139.62 |
Chainlink price prediction 2025
In 2025, Chainlink is expected to reach a maximum value of $22.64, a minimum price of $18.78, and an average value of $19.30.
Chainlink price prediction 2026
The price of Chainlink is expected to reach a minimum level of $27.08 in 2026. The LINK price can reach a maximum level of $32.22, with an average price of $28.04.
Chainlink price prediction 2027
The price of Chainlink is predicted to reach a minimum level of $40.02 in 2027. The Chainlink price can reach a maximum level of $65.89, with an average price of $58.78.
Chainlink price prediction 2028
The Chainlink price prediction for 2028 suggests a minimum price of $57.55 in 2028, a maximum price of $68.98 and an average forecast price of $59.20.
Chainlink price prediction 2029
In 2029, Chainlink is expected to reach a maximum value of $98.43, a minimum price of $79.77, and an average value of $82.73.
Chainlink price prediction 2030
The price of Chainlink is predicted to reach a minimum value of $120.46 in 2030. Investors can anticipate a maximum price of $139.62 and an average trading price of $123.77 if the bulls hold position.
Chainlink market price prediction: Analysts’ LINK price forecast
| Firm | 2024 | 2025 |
| Gov.Capital | $27.41 | $53.94 |
| DigitalCoinPrice | $23.83 | $28.04 |
| Coindex | $23.00 | $ 27.78 |
Cryptopolitan’s Chainlink price prediction
According to our Chainlink price forecast, the coin’s market price might reach a maximum value of $13 by the end of 2024. In 2026, the value of LINK could surge to the $30 region.
Chainlink’s historic price sentiment
Chainlink, launched in September, and it initially traded at around $0.20.In 2018,the token saw moderate growth, occasionally spiking, but generally stayed under $1.00 for most of the year.
- In 2019 significant growth occurred, with LINK’s price reaching $1.00 in May and peaking at approximately $3.00 by the end of the year. This was driven by increased recognition of its utility in providing secure and reliable data feeds for smart contracts.
Rapid Growth and Volatility (2020-2021)
- 2020: A standout year, LINK started around $2.00, surging to $20 by August, catalyzed by the explosive interest in DeFi applications, where Chainlink’s oracles were crucial.
- 2021: The price reached an all-time high of around $52 in May, driven by continued DeFi expansion and broader crypto market rallies. However, it later experienced significant volatility, dropping back down to around $22 by mid-year.
Correction and Stabilization (2022-2023)
- 2022: The market correction affected LINK as well, with prices mostly ranging between $15 and $25, reflecting the broader downturn in cryptocurrency markets.
- 2023: A further decrease saw prices stabilize in a lower range of $6 to $13 throughout the year, as the market adjusted and investor sentiment cooled off.
Current Chainlink price Performance (2024)
- The year began with LINK priced around $15, with a temporary spike to about $18 in early months. In 2024, Chainlink (LINK) exhibited significant volatility, opening the year around $15 and briefly surging to $18 in February.
- The momentum could not be sustained, and by April, the price had declined to around $12 amidst broader market corrections.
- Throughout the middle of the year, LINK’s price fluctuated, peaking again near $15 in May before a gradual descent took it to lows near $10 by August.
- As of September, the cryptocurrency has shown signs of stabilization, albeit in a lower trading range just below $11.
