Chainlink Price Prediction: 2024, 2025, 2030

LINK price prediction: Key highlights

1. Primary support and resistance levels

• In the weekly chart, the lowest support level was established around the $5 mark.
• The highest significant resistance for LINK is anticipated at the $29 mark.

2. Market sentiment

• The overall market sentiment for LINK appeared to be bullish during March 2024.

3. Predictive forecasts

• Looking ahead, our AI/ML predictive models have forecasted the average value of LINK climbing to touch $363.92 by 2027. Additionally, it can further reach $3289.24 by 2030.

Given below is a comprehensive daily technical analysis of LINK, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

LINK technical analysis: Can the rally break through?

The Chainlink price prediction for 2024 takes into account its performance throughout 2023, a year marked by volatility but also characterized by significant recoveries and breakthroughs. This has set a precedent for its potential future growth.

In the early days of March 2023, LINK encountered resistance at the $8.19 mark. Efforts to break above this level were met with resistance, and the asset underwent a bearish decline starting in mid-April. This trend persisted, resulting in LINK descending to the period’s lowest support at $5.00 by June.

However, mid-June heralded a shift in market dynamics as LINK experienced a resurgence in buying interest, propelling its price to once again challenge the $8.19 level by July. Yet, this bullish inclination was not strong enough to sustain a breakout and was met with rejection. Additionally, this led to another period of bearish momentum that lasted until mid-September.

It wasn't until October that LINK's narrative took a decisive turn. The market sentiment rallied behind LINK, instigating a potent bullish rally that not only surpassed the previously contentious $8.19 level but also the $12.72 mark by November. 

This upward trajectory did experience minor retracements. However, the prevailing momentum was undeniably bullish. Furthermore, LINK had climbed to a new high at $17.59 by mid-December.

The subsequent months, from December 2023 through February 2024, were characterized by a consolidation phase. During this time, buyers and sellers engaged in a tug-of-war, with each attempting to steer the market to reflect their perspective. Ultimately, the bulls emerged victorious, pushing LINK beyond the $17.59 level by the end of February.

March 2024 saw LINK reach the highest point of its price ascent for the year, establishing $21.76 as the highest resistance level witnessed in the analyzed time frame. Yet, following this peak, the market underwent another corrective phase, with prices retracting to test the support at $17.59.

At the time of writing, LINK was valued at $18.908, hovering just above the key support level. This position reflected a market that, despite occasional pullbacks, demonstrated resilience and an overall upward trend over the past year.

The bullish momentum showcased significant resilience over the past, giving hope for an optimistic future. Reports by Santiment have also highlighted that the blockchain’s network has braced itself for several new developments in order to improve its functionality. This makes them the leading blockchain when it comes to developmental frequency.

If these developments continue to occur, LINK has the potential to touch the $29 mark for the first time since 2022 within the next few months. Consequently, it can soar higher to overcome a significant threshold at $40 within a mid-term range.

Speaking of long-term achievements, the future of LINK seems optimistic. Our AI/ML models have predicted that if LINK continues to show resilience and keep up the growth trajectory, it can touch an average price of $363.92 by 2027. Subsequently, a forecast of crossing the average value of $3289.24 by 2030 also seems possible.

LINK's 2024 roadmap: Key indicators to watch and trade

• The trading volume has fluctuated throughout the timeframe. However, there was a slight increase in volume since mid-October, suggesting active market participation.
• A slight decline in trading volume was observed during the consolidation phase, indicating that the traders were cautious. However, as the price broke out during consolidation accompanied by a bull rally, an immediate surge in trading volume was noticed.
• At the time of writing, the trading volume seemed relatively lower, although it did not fall back to the previous lows, indicating sustained confidence among buyers.
• Initially, the Bollinger Bands contracted until mid-October as the price fluctuated around the 20-week Moving Average. This indicated that the price of LINK was less volatile during the period.
• However, the Bollinger Bands expanded considerably from November onwards, signifying increased volatility. Additionally, during November, the price candles moved above the upper band. This indicated that the asset was overvalued and was followed by a corrective pullback.
• The Moving Average Convergence Divergence (MACD) line remained below the neutral line until mid-October. Post this, the MACD line crossed the neutral line and signal line, signifying a bullish crossover.
• At press time, the MACD line was above the signal line, with both placed above zero. However, the histogram showed a very slight decrease. This suggested that the bullish momentum might be losing some strength but was still present.