In this Chainlink (LINK) price prediction 2024, 2025-2030, we will analyze the price patterns of LINK by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Chainlink (LINK) Current Market Status
What is Chainlink (LINK)
Chainlink is a blockchain-based cryptocurrency network. Chainlink provides a link between the real world and smart contracts. Multiple subcontracts can be generated in Chainlink, which also takes data from only the most trusted nodes and oracles for premium accuracy.
Moreover, LINK is the digital belonging token used to pay for services on the Chainlink network. LINK can be bought and sold for traditional currency or other digital currencies. Through cryptocurrency exchanges, LINK can be purchased and stored in a crypto wallet and custodian like Gemini.
Chainlink 24H Technicals
(Source: TradingView)
Chainlink (LINK) Price Prediction 2024
Chainlink (LINK) ranks 14th on CoinMarketCap in terms of its market capitalization. The overview of the Chainlink price prediction for 2024 is explained below with a daily time frame.
LINK/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, Chainlink (LINK) laid out a rhorizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.
At the time of analysis, the price of Chainlink (LINK) was recorded at $18.51. If the pattern trend continues, then the price of LINK might reach the resistance level of $19.135, $20.903, and $25.196. If the trend reverses, then the price of LINK may fall to the support of $17.575
Chainlink (LINK) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Chainlink (LINK) in 2024.
LINK/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Chainlink (LINK) for 2024.
LINK Resistance & Support Levels
Chainlink (LINK) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Chainlink (LINK) are shown in the chart below.
LINK/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Chainlink (LINK) market in 2024.
Chainlink (LINK) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Chainlink (LINK) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
LINK/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Chainlink (LINK).
Comparison of LINK with BTC, ETH
Let us now compare the price movements of Chainlink (LINK) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs LINK Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of LINK is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of LINK also increases or decreases respectively.
Chainlink (LINK) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Chainlink (LINK) between 2025, 2026, 2027, 2028, 2029, and 2030.
Conclusion
If Chainlink (LINK) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Chainlink (LINK) price prediction for 2024 is $36.383. Comparatively, if unfavorable sentiment is triggered, the bearish Chainlink (LINK) price prediction for 2024 is $8.296.
If the market momentum and investors’ sentiment positively elevate, then Chainlink (LINK) might hit $40. Furthermore, with future upgrades and advancements in the Chainlink ecosystem, LINK might surpass its current all-time high (ATH) of $52.88. and mark its new ATH.
This content was originally published by our partners at The News Crypto.