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Chainlink (LINK) Price Prediction 2023, 2024, 2025-2030 

Chainlink (LINK) Price Prediction 2023, 2024, 2025-2030 

  • Bullish LINK price prediction for 2023 is $8.735 to $14.623.
  • Chainlink (LINK) price might reach $20 soon.
  • Bearish LINK price prediction for 2023 is $2.960.

In this Chainlink (LINK) price prediction 2023, 2024-2030,  we will analyze the price patterns of LINK by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency

TABLE OF CONTENTS
INTRODUCTION
  • Chainlink (LINK) Current Market Status
  • What is Chainlink (LINK)?
  • Chainlink (LINK) 24H Technicals
CHAINLINK (LINK) PRICE PREDICTION 2023
  • Chainlink (LINK) Support and Resistance Levels
  • Chainlink (LINK) Price Prediction 2023 — RVOL, MA & RSI
  • Chainlink (LINK) Price Prediction 2023 — ADX, RVI
  • Comparison of LINK with BTC, ETH
CHAINLINK (LINK) PRICE PREDICTION 2024, 2025, 2026-2030
CONCLUSION
FAQ

Chainlink (LINK) Current Market Status

Current Price $7.47
24 – Hour Price Change 2.27% Down
24 – Hour Trading Volume $253,366,120
Market Cap $4,019,638,081
Circulating Supply 538,099,970 LINK
All – Time High $52.88 (On May 10, 2021)  
All – Time Low $0.1263 (On Sep 24, 2017)  
LTC Current Market Status (Source: CoinMarketCap)

Chainlink 24H Technicals

(Source: TradingView)

What is Chainlink (LINK)

TICKERLINK
BLOCKCHAINChainlink blockchain
CATEGORYPublic blockchain platform
LAUNCHED ONSeptember 2017
UTILITIESGovernance, Fast Transactions, gas fees & rewards

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 (LINK) Price Prediction 2023

Chainlink (LINK) ranks 21st on CoinMarketCap in terms of its market capitalization. The overview of the Chainlink price prediction for 2023 is explained below with a daily time frame.

LINK/USDT Horizontal Channel Pattern (Source: TradingView)

In the above chart, Chainlink (LINK) laid out a Horizontal Channel Pattern. The horizontal channel is also known as the sideways trend. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it. 

A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.

At the time of analysis, the price of Chainlink (LINK) was recorded at $7.58. If the pattern trend continues, then the price of LINK might reach the resistance levels of $9.688 and $17.894. If the trend reverses, then the price of LINK may fall to the support of $5.245.

Chainlink (LINK) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Chainlink (LINK) in 2023.

LINK/USDT Support and Resistance Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Chainlink (LINK) for 2023.

Resistance Level 1$8.735
Resistance Level 2$14.623
Support Level 1$5.055
Support Level 2$2.960
LINK Resistance & Support Levels

Chainlink (LINK) Price Prediction 2023 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (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 2023.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $6.515Price = $7.643
(50MA
Bullish/Uptrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions56.37
<30 = Oversold
50-70 = Neutral

>70 = Overbought
Neutral
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak volume

Chainlink (LINK) Price Prediction 2023 — 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).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum38.206Strong Trend
Relative Volatility Index (RVI)Volatility over a specific period51.01

<50 = Low
>50 = High
High volatility

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 2024, 2025 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Chainlink (LINK) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Year Bullish Price Bearish Price
Chainlink (LINK) Price Prediction 2024$22$18
Chainlink (LINK) Price Prediction 2025$24$16
Chainlink (LINK) Price Prediction 2026$26$15
Chainlink (LINK) Price Prediction 2027$28$14
Chainlink (LINK) Price Prediction 2028$30$13
Chainlink (LINK) Price Prediction 2029$32$12
Chainlink (LINK) Price Prediction 2030$34$10

Conclusion

If Chainlink (LINK) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Chainlink (LINK) price prediction for 2023 is $14.623. Comparatively, if unfavorable sentiment is triggered, the bearish Chainlink (LINK) price prediction for 2023 is $2.960. 

If the market momentum and investors’ sentiment positively elevates, then Chainlink (LINK) might hit $20. 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. 

FAQ

1. What is Chainlink (LINK)?

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, OKX, WEEX, Deepcoin, and Bybit.

3. Will Chainlink (LINK) reach a new ATH soon?

With the ongoing developments and upgrades within the Chainlink platform, LINK has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Chainlink (LINK)?

On September 2, 2021, Chainlink (LINK) reached its new all-time high (ATH) of  $52.70.

5. What is the lowest price of Chainlink (LINK)?

According to CoinMarketCap, LINK hit its all-time low (ATL) of $0.1263 on September 23, 2017.

6. Will Chainlink (LINK) reach $20?

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 $20 soon.

7. What will be Chainlink (LINK) price by 2024?

Chainlink (LINK) price is expected to reach $22 by 2024.

8. What will be Chainlink (LINK) price by 2025?

Chainlink (LINK) price is expected to reach $24 by 2025.

9. What will be Chainlink (LINK) price by 2026?

Chainlink (LINK) price is expected to reach $26 by 2026.

10. What will be Chainlink (LINK) price by 2027?

Chainlink (LINK) price is expected to reach $28 by 2027.  

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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.

Read more: https://thenewscrypto.com/chainlink-link-price-prediction

Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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