Key Takeaways
- Chainlink’s recent partnership is a catalyst as the price breaks above a month high.
- LINK’s historical rally and strength give experts an edge as they speculate Chainlink’s price to rally to a high of $50 and above.
- Chainlink’s recent price action on higher timeframes suggests that the price could surpass the expectations of crypto experts.
| Token Name | Chainlink (LINK) |
| Current Price | $27 |
| Market Capitalization | $16.9B |
| Total Circulating Supply | 626.8M LINK |
| Daily Support | $19.2 |
| Weekly Support | $12.8 |
| 30 Days Performance | 92% |
Technical And Community Sentiment For Chainlink (LINK)
Source – LINK Community Sentiment From Coinmarketcap
The price of Chainlink (LINK) bounced from its yearly low of around $8. It rallied to a high of $24, more than 190%, after receiving a boost to its ecosystem as it announced its partnership with Coinbase, Ronin, and NDB bank in the United Arab Emirates.
Chainlink, which remains a top interoperability protocol in the blockchain space, has been providing different oracle services across the cryptocurrency industry for years now but has suffered a significant price decline in the past two years as the bear season affected its price despite its growth in the ecosystem.
With its robust technology and partnerships lately, the price of Chainlink (LINK) is beginning to look promising for the short and long term as whale activities for this crypto token gain more momentum ahead of a mega rally. Let us discuss some key price actions for Chainlink.
Chainlink Price Prediction For Today, Tomorrow, Next Week, And Next Month
Source – LINK Price Chart From TradingView
The price of Chainlink (LINK) ranged for months after a heavy drop from its all-time high of $52 as the price of LINK struggled to resume its bullish price action to the upside. The price of LINK broke out of its range in Q1-Q2 of 2024 as the price rallied to $22 but was rejected to a region of $8.
LINK bulls held the price of Chainlink (LINK) around this region, preventing the price from going back into accumulation as LINK gained more momentum to break higher above its previous high of $22 as bulls accumulated this crypto asset.
In the coming days, we could see the price of LINK trade in the highs of $38 as bulls continue to dominate Chainlink’s (LINK) price.
Chainlink Price Prediction Next Bull Run
There have been high expectations for Chainlink (LINK) price prediction ahead of the bull run after the price of LINK for over five months traded above $22, signaling a bullish price rally for whales accumulating this token.
A break for LINK’s price above $38 could see the price trade towards its previous high of $52 from the last bull market and even high for this bull market as experts in the crypto space speculate $60-$70 by 2025.
Frequently Asked Questions (FAQs)
Will Chainlink Reach 100 Dollars?
There is a high chance that LINK will hit its $100 mark during the bull run, as it has demonstrated strength during the previous bull cycle.
Is Chainlink still a good investment?
Chainlink is a top Oracle blockchain with an active community, and as such, it remains a good project for the long term. However, before investing, you should carry out due diligence.
Chainlink Price Prediction 2030
Experts in the cryptocurrency market have speculated that Chainlink’s price will soar to as high as $100-150 by 2030.
