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Chainlink Price Prediction 2024-2030: A Strong Buy Sentiment for LINK?

Key Takeaways

  • Chainlink’s price surged by 1.66% in the last 24 hours, reaching $13.83, indicating a positive momentum shift. 
  • An investor acquired a whopping 5,587,368 LINK tokens, valued at $112 million, across 55 Binance addresses in just 6 days, contributing to a significant whale accumulation. 
  • Chainlink surged by 13.44% in the past day, totaling $176.98 million, although these individual acquisitions may not fully reflect broader trends in the ecosystem.

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: LINK Faces Rejection at $17.39 After Bearish Pressure

  • Chainlink price analysis shows a downtrend.
  • LINK price is currently seen at the $17.39 mark.
  • The Support level is seen at the $17.30 mark.

The current Chainlink price analysis shows bearish pressure at the $17.39 level, with a loss of 1.71 percent in the last 24 hours. The LINK is currently facing resistance at the $17.93 mark, which was the high established on the previous day when the bulls pushed the price higher. However, LINK’s price is still above the support level of $17.30 and appears to be stable, and if the bearish pressure persists, the price could slip back to this support level.

The coin has a total supply of 1 billion tokens and a current circulating supply of 517 million tokens. The 24-hour trading volume for the LINK token is currently at $394 million, with most of it coming from exchanges such as Binance and Huobi Global. Additionally, most other cryptocurrencies have seen red over the last 24 hours, with bearish pressure in the market.

Chainlink Price Analysis 1-day Price Chart: LINK Breaks Below $17.40 Again

According to the 24-hour Chainlink price analysis, the price is decreasing today after bullish efforts yesterday. LINK has declined since the beginning of the day after hitting resistance around $17.93, as bears drive the price down hour after hour. During the last week, cryptocurrency gained 1.71 percent as the bulls pushed LINK up, but bears quickly abandoned this effort yesterday.

LINK/USD 1-price Chart By TradingView

The Bollinger bands have a smaller coverage area; the upper band is at the $17.53 level while the lower band is at $16.03, respectively, indicating a decrease in bullish pressure. The RSI indicator is at 54.23, which shows a lack of buying momentum. On the daily chart, the moving average goes downward and near the price level, indicating a bearish movement.

Chainlink Price Analysis: Recent Developments and Further Technical Indications

The 4-hour Chainlink price analysis reveals that bears have controlled the market since the beginning of the day, with no help from buyers. Red candlesticks have consistently formed, signaling further price decreases. The price levels have also declined recently as bears seize every opportunity.

LINK/USD 4-hour price chart By TradingView

Volatility is low as the Bollinger bands show a narrow range. The upper Bollinger band is at $17.70, which may be resistance, while the lower band is at $17.38, which could act as a support level should the bears continue to gain ground. The Relative Strength Index (RSI) is in the bearish zone at 37.05, and no signs of buyers appearing anytime soon. The moving average indicator is currently at $17.59, with the 20-SMA below the 50-SMA, signaling a bearish crossover.

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$13.95BUY
EMA 5$14.13BUY
EMA 10$14.90SELL
EMA 21$16.14SELL
EMA 50$17.35SELL
EMA 100$17.14SELL
EMA 200$15.33SELL

Chainlink price analysis conclusion

Chainlink’s price analysis shows that bears control the market, and LINK’s price is expected to stay at its current level or decrease shortly.  Additionally, the support level of $17.30 may be tested in the upcoming days. However, if the buyers push back with enough force, LINK’s price could start an upward trend and breach the $17.93 resistance level.

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 May 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 May 2024$22.01$22.90$26.06

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 Cryptopolitan, Chainlink, one of the leading altcoins in the crypto market, has witnessed a notable resurgence in the wake of a significant drawdown. The token has experienced a modest price surge over the past months, signaling a positive shift in momentum.

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.

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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