Chainlink Price Prediction: 2024, 2025, 2030

LINK price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly chart, the lowest support level was established around the $5 mark.
• The highest possible resistance for LINK can be anticipated around the $29 mark.

2. Market sentiment

• The overall market sentiment for LINK is seen to be neutral to bullish in May 2024.

3. Predictive forecasts

• Looking ahead, our AI/ML predictive models have forecasted that the average value of LINK will climb to $73.36 by 2029 and $354.08 by 2035.

Get complete knowledge on LINK through a comprehensive weekly technical analysis, 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: Asset to likely surge higher via strategic partnerships

The Chainlink price prediction for 2024 is intricately tied to its performance over the past year, highlighting the token's response to market fluctuations, investor sentiment, and critical technical levels. This detailed analysis provides insights into the altcoin’s price movements and the potential factors influencing its future trajectory.
 

The analysis commenced with LINK experiencing a bearish downtrend, which saw its price fall below the critical $6 mark and ultimately touching its lowest support level at $5 by early June. 
 

However, the market sentiment shifted by mid-June as a bullish surge propelled LINK back to the $6 level. This recovery signaled growing confidence among investors. The token’s value stabilized above $6 and continued to rally, reaching $8 by mid-July. 

This rally was followed by a corrective phase, with the price retreating to $6 by mid-August. This level proved to be a significant battleground for the token, as it repeatedly tested and bounced off this price point. 
 

In September, LINK saw another bullish resurgence, which increased the price to $8 by the end of the month and beyond by mid-October. Furthermore, the token eventually breached the $12 mark by early November. 
 

Following this spike, the asset entered a consolidation phase between $12 and $17 from mid-November to late January 2024. This suggested a market indecision phase where buyers and sellers were trying to decide the future of the token.

A significant bullish breakout in late January pushed LINK’s price to its peak resistance of $21 by late February. Yet, after repeatedly testing the peak resistance until mid-March, a subsequent price correction occurred, with the token retracing to $17.
 

The final weeks of the analysis period saw the asset’s volatility intensify, with a sharp drop to touch $12 in early April, followed by a modest recovery. As of mid-May 2024, LINK was trading at $16, showing some resilience after the earlier losses.

The bullish momentum showcased significant resilience over the past, giving hope for an optimistic future. Recently, Rapid Addition has partnered with Chainlink to launch a native blockchain adapter that will enable seamless trading of institutional digital assets. Additionally, Chainlink witnessed a net accumulation of 25 million tokens over the past month, according to a recent report by AMBCrypto.

If such strategic partnerships continue to occur, LINK has the potential to reclaim the peak resistance at $21 within the next few months. Consequently, if the bulls continue with strengthened momentum, reaching $29 may also be on the cards for the token. This might prove to be a significant level as it has not been touched since 2022.

However, if the bears take over, LINK may breach past the current support, falling to the $8 level within the next few weeks. If the downtrend gains momentum, the asset is likely to plunge even lower to touch the $6 level within the upcoming months.

Speaking of long-term achievements, the future of LINK seems optimistic. Our AI/ML predictive models have predicted that if this cryptocurrency continues to show resilience and keep up the growth trajectory, it can touch an average price of $73.36 by 2029. Subsequently, if newer developments arise, the token may attract new investors. As a result, an appreciation of up to $354.08 by 2035 may also be possible.

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

• The trading volume was low during the initial months of the analysis. However, it has slightly increased 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, an immediate surge was noticed as the price broke out. At press time, the volume had fallen back to its previous lows, indicating hesitancy among buyers.
• At the beginning of the analysis, the Chaikin Money Flow (CMF) was above the neutral line. However, it slipped beneath the zero line by late May. Although attempts were made to recover in June and July, they remained unsuccessful. 
• By mid-September, the CMF surpassed the neutral line. Between November and February, it stagnated at the 0.30 level, the peak level recorded during the analysis. After this, it began to dip. However, the indicator started to surge again by late April, standing at 0.20 during press time. This indicated that there was a substantial inflow of money into the market.
• The Moving Average Convergence Divergence (MACD) and signal lines began their journey from the negative territory, with the MACD line dominating. Until mid-September, both lines fluctuated in the negative territory.
• By late April, the MACD line regained control and surged above the signal line. By late September, it surged above the zero line. The signal line followed closely behind in mid-October. After moving northbound for a few months, the MACD line dipped to touch the signal line momentarily in late January.
• However, it recovered and moved upward again until mid-March, when it fell below the signal line yet again. At press time, the signal line (1.131) led the way, with the MACD line below it (0.550). The histogram was negative at -0.581, indicative of fading bullish momentum.