Chainlink (LINK) Price Prediction 2022 – Will LINK Hit $35 Soon?
- Bullish LINK price prediction is $11 to $29.15.
- The LINK price will also reach $35 soon.
- LINK bearish market price prediction for 2022 is $5.50.
In Chainlink (LINK) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about LINK to analyze the future movement of the cryptocurrency.
Chainlink (LINK) Current Market Status
According to CoinGecko, the price of Chainlink (LINK) is $6.07 with a 24-hour trading volume of $528,954,729 at the time of writing. However, LINK has decreased to 0.4% in the last 24 hours.
Moreover, Chainlink (LINK) has a circulating supply of 467,099,986 LINK. Currently, LINK trades in cryptocurrency exchanges such as Binance, Bybit, OKX, MEXC, and Bitget.
What is Chainlink (LINK)?
Chainlink is a blockchain-based cryptocurrency network. Chainlink provides a link between real-world and smart contracts. The multiple subcontracts can be generated in Chainlink, and 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 exchange, LINK can be purchased and can be stored in a crypto wallet and custodian like Gemini.
Chainlink (LINK) Price Prediction 2022
Chainlink (LINK) holds the 24th position on CoinGecko right now. LINK price prediction 2022 is explained below with a weekly time frame.
The descending triangle pattern forms at the end of a downtrend or after a correction to the downtrend. The descending triangle is a bearish pattern that is characterized by a descending upper trendline and flat lower that acts as support. The descending triangle is often referred to as the falling triangle has an inherent measuring technique that can be applied to the pattern to gauge likely take profit targets.
Currently, Chainlink (LINK) is at $6.07. If the pattern continues, the price of LINK might reach the resistance level of $28.80, and $52.60. If the trend reverses, then the price of LINK may fall to $2.10.
Chainlink (LINK) Support and Resistance Levels
The chart below shows the support and resistance levels of Chainlink (LINK).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Chainlink (LINK).
| Resistance Level 1 | $11 |
| Resistance Level 2 | $18.40 |
| Resistance Level 3 | $29.15 |
| Support Level | $5.50 |
The charts show that LINK has performed a bullish trend over the past month. If this trend continues, LINK might run along with the bulls overtaking its resistance level at $29.15.
Accordingly, if the investors turn against the crypto, the price of the LINK might plummet to almost $5.50, a bearish signal.
Chainlink (LINK) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Chainlink (LINK) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of LINK lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Chainlink (LINK) is shown in the above chart. Notably, the LINK price lies below 50 MA (short-term), so it is entirely in a downward trend. Currently, LINK is in a bearish state. There is a possibility of a reversal trend of LINK at any time.
Meanwhile, the relative strength index (RSI) of the LINK is at a level of 32.52 This means that LINK is in a nearly oversold state. However, this gives confidence to the traders to trade without any fear.
Chainlink (LINK) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of Chainlink (LINK). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Chainlink (LINK). Currently, LINK lies in the range of 15.99, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of Chainlink (LINK). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of LINK lies above 50, indicating higher volatility. In fact, LINK’s RSI is at 32.52, thus confirming a potential buy signal.
Comparison of LINK with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Chainlink (LINK).
From the above chart, we can interpret ETH, BTC, and LINK are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and LINK also increase or decrease respectively.
Chainlink (LINK) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Chainlink (LINK) might probably attain $46 by 2023.
Chainlink (LINK) Price Prediction 2024
With several upgrades in the network, Chainlink (LINK) might enter a bullish trajectory. If the coin grabs the attention of major investors, LINK might rally to hit $58 by 2024.
Chainlink (LINK) Price Prediction 2025
If Chainlink (LINK) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, LINK would rally to hit $60.
Chainlink (LINK) Price Prediction 2026
If Chainlink (LINK) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, LINK would rally to hit $73.
Chainlink (LINK) Price Prediction 2027
If Chainlink (LINK) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, LINK would rally to hit $87.
Chainlink (LINK) Price Prediction 2028
If Chainlink (LINK) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, LINK would hit $91.
Chainlink (LINK) Price Prediction 2029
If investors flock in and continue to place their bets on Chainlink (LINK), it would witness major spikes. LINK might hit $103 by 2029.
Chainlink (LINK) Price Prediction 2030
With greater advancements in the Chainlink ecosystem, the crypto community might continue to invest in Chainlink (LINK) for the next 8 years and drive significant price rallies for the token. Hence, Chainlink (LINK) might hit $118 by 2030.
Conclusion
With continuous improvements in the Chainlink network, we can say that 2022 is a good year for LINK. For this reason, the bullish price prediction of Chainlink (LINK) in 2022 is $29.15. On the other hand, the bearish price prediction of Chainlink (LINK) for 2022 is $5.50.
Furthermore, with the advancements and upgrades in the Chainlinkecosystem, the performance of Chainlink (LINK) might hit $35 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $52.90 in the near future.
FAQ
Chainlink (LINK) is the native cryptocurrency of the Chainlink network. It was launched as an ERC-20 token in September 2017. Chainlink is an open-source decentralized oracle network that integrates off-chain data with smart contracts.
Chainlink (LINK) has been listed on many crypto exchanges which include Binance, FTX, Gate.io, Coinbase, Bitfinex, KuCoin, Gemini, Bitstamp, Crypto.Com, OKX, Huobi Global, and MEXC.
With the ongoing developments and upgrades within the Chainlink platform, Chainlink (LINK) has a high possibility of reaching its ATH soon.
On May 10, 2021, Chainlink (LINK) reached its new all-time high (ATH) of $52.70.
Chainlink (LINK) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Chainlink in the past few months, LINK is considered a good investment in 2022.
Chainlink (LINK) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Chainlink (LINK) will hit $35 soon.
Chainlink (LINK) price is expected to reach $46 by 2023.
Chainlink (LINK) price is expected to reach $58 by 2024.
Chainlink (LINK) price is expected to reach $60 by 2025.
Chainlink (LINK) price is expected to reach $73 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Read more: https://thenewscrypto.com/chainlink-link-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
