Chainlink (LINK) Price Prediction 2022 – Will LINK Hit $55 Soon?
- Bullish LINK price prediction is $11.00 to 54.00.
- Chainlink (LINK) price might also reach $55 soon.
- LINK bearish market price prediction for 2022 is $0.7303.
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 $6.11 with a 24-hour trading volume of $491,929,986 at the time of writing. However, LINK has decreased nearly 0.7% in the last 24 hours.
Moreover, Chainlink (LINK) has a circulating supply of 467,099,986 LINK. Currently, Chainlink (LINK) trades in cryptocurrency exchanges such as Binance, Coinbase Exchange, Z.B.COM, OKX, KuCoin, FTX.
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 above chart laid out a descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend. It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level, the bearish trend would be sustained.
Generally, a descending triangle pattern indicates the reversal of an uptrend or the continuation of the downtrend. Traders keenly look out for a significant breakout point.
Currently, Chainlink (LINK) is in the range of $6.152. If the pattern continues, the price of LINK might reach the resistance levels of $28.80 and $52.60.. If the trend reverses, then the price of LINK may fall to $5.50 and $2.15.
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 | $11.00 |
| Resistance Level 2 | $18.40 |
| Resistance Level 3 | $29.15 |
| Resistance Level 4 | $54.00 |
| Support Level | $5.50 |
The charts show that Chainlink (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 $54.00.
Accordingly, if the investors turn against the crypto, the price of Chainlink (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 chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of LINK lies below the cutoff line, indicating weake participants in the current trend.
Also, the Moving Average (MA) of Chainlink (LINK) is shown in the chart above. Currently, LINK is in a bearish state. Notably, Chainlink (LINK) price lies below 50 MA (short-term), so it is completely in a downtrend. Therefore, there is a possibility of a reversal trend of LINK at any time.
Meanwhile, the relative strength index (RSI) of the LINK is 44.19. This means that Chainlink (LINK) is in an oversold state. However, this means a major price reversal of LINK may occur in the upcoming days. So, traders need to trade carefully.
Chainlink (LINK) Price Prediction 2022 — ADX, RVI
Let us now look at the 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, ADX of LINK lies in the range of 6.349, so it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of Chainlink (LINK). RVI measures the constant deviation of price changes over a period of time. The RVI of LINK lies below 50, indicating low volatility. In fact, the RSI of Chainlink (LINK) is at 44.19, 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 that the price changes of BTC, ETH, 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 increases or decreases 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 $102 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 $150 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 $198.
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 $246.
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 $294.
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 $342.
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 $390 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 $438 by 2030.
Conclusion
With continuous improvements in 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 $54.00. On the other hand, the bearish price prediction of Chainlink (LINK) price prediction for 2022 is $5.50.
Furthermore, with the advancements and upgrades to Chainlink ecosystem, the performance of LINK would help to reach above its current all-time high (ATH) of $52.70 very soon. But, it might also reach $55 if the investors believe that LINK is a good investment in 2022.
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.
2. Where can you purchase Chainlink (LINK)?
Chainlink (LINK) has been listed on many crypto exchanges which include Binance, Coinbase Exchange, Z.B.COM, OKX, KuCoin, FTX.
With the ongoing developments and upgrades within Chainlink platform, LINK has a high possibility of reaching its ATH soon.
On September 02, 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 $55 soon.
Chainlink (LINK) price is expected to reach $90 by 2023.
Chainlink (LINK) price is expected to reach $120 by 2024.
Chainlink (LINK) price is expected to reach $160 by 2025.
Chainlink (LINK) price is expected to reach $190 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
