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
| Cryptocurrency | Chainlink |
| Token | LINK |
| Price | $13.83 |
| Market Cap | $8,318,966,196 |
| Trading Volume | $267,772,746 |
| Circulating Supply | 587,099,970 |
| All-time High | $22.31 |
| All-time Low | $4.96 |
| 24 High | $13.95 |
| 24 Low | $12.81 |
Chainlink Price Prediction: Technical Analysis
| Price Prediction | $ 21.18 |
| Volatility | 11.12% |
| 50-Day SMA | $16.67 |
| 14-Day RSI | 44.06 |
| Sentiment | Neutral |
| Fear & Greed Index | 67 |
| Green Days | 17/30 (57%) |
| 200-Day SMA | $15.16 |
How Much is Link Worth?
Today’s Chainlink price is $13.39, with a 24-hour trading volume of $164,881,862. Chainlink is down 1.66% in the last 24 hours. The current CoinMarketCap ranking is 16, with a live market cap of $7,867,071,944. It has a circulating supply of 587,099,970 LINK coins and a max. Supply of 1,000,000,000 LINK coins.
Chainlink Price Analysis: LINK Experiences a Downtrend at $13.39 as Bearish Takes over
- Chainlink price analysis shows a downtrend
- LINK prices have set support at $13.30
- Chainlink prices are facing resistance at $13.63
Chainlink price analysis shows a Bearish trend setting up after a continuous bullish momentum for the past few days. Bulls were in the lead from yesterday’s high of $13.63 to the present low of $13.30. The downtrend was confirmed with a break below the support at $13.30, and a failure to hold on to the short-term LINK is likely to face more bearish pressure in the coming days.
The key resistance to watch out for will be at $13.63. This level represents a crucial Fibonacci retracement level from the previous LINK rally and could signal a reversal if breached. The LINK/USD has a trading volume of around $164 million and a market capitalization of $7 billion.
Chainlink 1-Day Price Chart: Bears Pulling The Price Below $13.63 Resistance Level
The Chainlink price analysis shows prices are going down for the cryptocurrency due to continuous bearish pressure from the last few hours. Still, as is seen in the charts, volatility is also increasing by a significant margin, indicating uncertainty and may favor bears further. Though the bulls provided some competition, bears are winning the lead as of now.
LINK/USD 1-day price chart By TradingView
The Bollinger bands indicate a volatile situation, as the higher end of the band stands at the $14.03 mark while the lower end stands at the $12.98 mark. The relative strength index (RSI) is 38.58, which is already near the overbought figures. The MA indicator shows a bearish crossover, as the price is currently at $13.30 and is likely to move down further.
Chainlink Price Analysis: Bearish Trend Prevailing Amid Limiting Volatility
The 4-hour Chainlink price analysis shows that bears are providing tremendous resistance to the surging price due to the previous bullish momentum by decreasing the price to $13.30, respectively. The volatility is still there but is on a limiting trend again at this time, as can be seen in the 4-hour chart, which may also provide some cushion to the bulls in the near future.
LINK/USD 4-hour price chart By TradingView
The Bollinger bands’ values are as follows: the upper Bollinger band is touching the $13.81 mark, whereas the lower band is at the $13.09 mark. The RSI index also recedes towards a neutral range, and the figure is 31.45 as per the Dogecoin price analysis. The Moving Average (MA) has been $13.49, but it is likely to move up soon.
Chainlink Price Analysis Conclusion
Chainlink price analysis: Sellers dominated the market, as proved by the incredible bearish momentum dictating the price movement. The bearish trend is expected to continue in the near future, and LINK may see further price drops unless it can recapture its bullish momentum.
Recent News
Chainlink and Rapid Addition are teaming up 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 with tokenized assets more efficiently.
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.
Technical Indicators: Levels And Action
Daily Simple Moving Average (SMA)
| Period | Value | Action |
| SMA 3 | $13.76 | BUY |
| SMA 5 | $13.70 | BUY |
| SMA 10 | $14.78 | SELL |
| SMA 21 | $14.61 | SELL |
| SMA 50 | $16.67 | SELL |
| SMA 100 | $17.65 | SELL |
| SMA 200 | $15.16 | SELL |
Daily Exponential Moving Average (EMA)
| Period | Value | Action |
| EMA 3 | $13.95 | BUY |
| EMA 5 | $14.13 | BUY |
| EMA 10 | $14.90 | SELL |
| EMA 21 | $16.14 | SELL |
| EMA 50 | $17.35 | SELL |
| EMA 100 | $17.14 | SELL |
| EMA 200 | $15.33 | SELL |
What to expect from BTC price analysis next?
Chainlink’s price analysis shows that the bulls have managed to push the price above $14.30 and are now looking for a break above $14.38. If the bulls manage to break above this level, then LINK/USD could aim for new yearly highs in the coming days. The technical indicators are also mostly providing a bullish signal, and this could be the trigger for LINK to break major resistance.
Chainlink Price Prediction May 2024
Every year, 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 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 $16.64. The maximum expected LINK price may be around $18.75. On average, the trading price might be $17.30 in 2024.
Chainlink Price Prediction 2025-2033
| Year | Minimum | Average | Maximum |
| 2024 | $16.64 | $17.30 | $18.75 |
| 2025 | $24.03 | $24.90 | $29.07 |
| 2026 | $36.24 | $37.24 | $42.66 |
| 2027 | $52.62 | $54.11 | $62.42 |
| 2028 | $73.45 | $75.62 | $90.33 |
| 2029 | $107.90 | $110.93 | $128.70 |
| 2030 | $152.55 | $158.10 | $189.36 |
| 2031 | $219.59 | $227.49 | $263.73 |
| 2032 | $322.39 | $333.76 | $385.33 |
| 2033 | $462.25 | $475.60 | $554.11 |
Chainlink Price Prediction 2025
Chainlink price is forecast to reach a lowest possible level of $24.03 in 2025. As per our findings, the LINK price could reach a maximum possible level of $29.07 with the average forecast price of $24.90.
Chainlink Price Prediction 2026
Based on the technical analysis by cryptocurrency experts regarding the prices of Chainlink, in 2026, LINK is expected to have the following minimum and maximum prices: about $36.24 and $42.66, respectively. The average expected trading cost is $37.24.
Chainlink Price Prediction 2027
According to our 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 $52.62. The Chainlink price value can reach a maximum of $62.42 with the average trading value of $54.11.
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 $73.45, while its maximum can reach $90.33. On average, the trading cost will be around $75.62.
Chainlink Price Prediction 2029
Chainlink price is forecast to reach a lowest possible level of $107.90 in 2029. As per our findings, the LINK price could reach a maximum possible level of $128.70 with the average forecast price of $110.93.
Chainlink Price Prediction 2030
The price of Chainlink is predicted to reach at a minimum value of $152.55 in 2030. The Chainlink price could reach a maximum value of $189.36 with the average trading price of $158.10 throughout 2030.
Chainlink Market Price Prediction: Analysts’ OP Price Forecast
Chainlink Price Prediction by Technewsleader
Chainlink price prediction by Technewsleader estimates the price of LINK to experience enormous growth. It could attain a yearly turnaround of a minimum of $37.96 and a maximum trading price of $95.36 by 2029. The market analyst states that LINK could attain a maximum price of $170.80 in the next ten years, with a minimum forecast price of $290.26 by the end of 2032.
Chainlink Price Prediction by Coincodex
According to Coincodex’s Chainlink price prediction, the outlook for the cryptocurrency is optimistic. By March 12, 2024, Chainlink is forecasted to rise by 6.45% and reach $21.46. The current sentiment is bullish, with the Fear & Greed Index indicating extreme greed at 82. Over the last 30 days, Chainlink has recorded 15 green days out of 30, with a price volatility of 4.17%. Based on these indicators, it’s deemed a good time to consider buying Chainlink.
Looking further ahead, the long-term Chainlink price predictions for 2025 through 2030 show a potential for substantial growth. By 2025, Chainlink’s yearly low is estimated at $20.15, with a high prediction of $77.71, offering a potential gain of 289.64% from today’s price if it reaches the upper target.
Similarly, for 2030, the price forecast ranges from $44.78 to $95.43, indicating a potential increase of 378.46% from the current price if Chainlink achieves the upper price target. These predictions highlight Chainlink’s potential as an investment option with significant growth opportunities in the coming years, particularly considering its role in the DeFi ecosystem and the increasing demand for reliable data oracles.
Chainlink Price Prediction by DigitalCoinprice
Coincodex is another website with a bullish outlook on LINK’s short-term and long-term prospects. The Chainlink price prediction suggests a bullish outlook with expectations of significant growth. By the end of 2025, Chainlink is forecasted to increase by approximately 254.91%, reaching a value of $27.67. However, the current Fear & Greed Index reflects extreme fear in the market. Over the next few years, gradual price rises are anticipated, with 2024 ending around $16.79, followed by $19.67 in 2024. By 2032, the price could reach $149.15, indicating long-term optimism.
Chainlink Price Prediction by Market Experts
Prominent crypto trader Michaël van de Poppe recently highlighted the potential for Chainlink (LINK) to enter a bullish cycle, noting its undervaluation compared to Bitcoin and strong weekly price action following a period of sideways movement. Poppe suggests that with Bitcoin showing signs of a macro reversal, altcoins like LINK, which have lagged in early 2023 trading, could see increased momentum. He believes there’s significant room for exponential growth as valuations remain below previous cycle highs. Specifically, Poppe envisions LINK breaking out from current levels convincingly within 2-3 months, with initial conservative upside targets set around $42.
Chainlink has exhibited impressive performance, with a notable 17.2% increase in price over the past 30 days, despite being significantly below its previous all-time high of $52.70. This suggests a more achievable path towards double-digit values for the altcoin. Changelly’s cryptocurrency experts have provided their Chainlink price prediction, forecasting a minimum of $20.44 and a maximum of $24.56 for March, with an average price range of $20 to $21.83. Looking further ahead, the forecast suggests LINK could hit $42 by October 2025.
While the market outlook appears favorable for Chainlink and other altcoins, it’s important to note the unpredictability of the cryptocurrency market and its susceptibility to shifts in overall sentiment. With Bitcoin reaching $65,000, there’s anticipation for another potential bull run in the altcoin sector. Investors should remain vigilant and consider various factors when making investment decisions in this dynamic market environment.
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.
