- Bullish Chainlink price prediction ranges from $28.10 to $52.87.
- LINK price might also reach $70 soon.
- Chainlink bearish market price prediction for 2022 is $5.97.
This Chainlink Price Prediction article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our LINK price analysis and prediction.
Chainlink’s recent achievement in breaking its $28 resistance level catches the investors’ attention in the crypto market. As a result, crypto analysts can’t stop projecting the increase of LINK’s price in the days to come. Long-term investors in Chainlink have received over 113times of their investment amount in the past 4 years.
In the past weeks, the Zenlink crypto exchange has integrated its system with Chainlink to upgrade its network’s security. In this partnership, Chainlink price oracles serve as the main technology in the exchange’s financial apps. Hence, the mass adoption of Chainlink tokens is anticipated.
Now that we know Chainlink’s latest developments, will Chainlink be a profitable investment in 2022? Let’s find out in this CoinQuora Chainlink Price Analysis and Price Prediction.
What is Chainlink (LINK)?
Chainlink is founded in 2017 by Sergey Nazarov, and it is a blockchain-based abstraction layer that allows universally combined smart contracts. Moreover, through a decentralized oracle network, Chainlink enables blockchains to securely interact with data feeds, events, and payment methods, offering the critical off-chain information needed by complex smart contracts to become the dominant digital agreement form.
Added to this, the Chainlink Network is driven by a huge open-source community of data providers, node operators, smart contract developers, researchers, security auditors, and more. Moreover, the firm aims to ensure that decentralized participation is guaranteed for all node operators and users that look to contribute to the network.
Now that we have an idea about LINK, do you think LINK will be profitable crypto in 2022? Join me and let us see the charts in this LINK price analysis and LINK price prediction.
Chainlink (LINK) Current Market Status
As of the time of writing this Chainlink price analysis, LINK trades at $17.05 with a 24-hour trading volume of $1,074,423,800. The price of LINK has decreased by 3.77% in the last 24 hours.
Furthermore, LINK has a current circulating supply of 467,009,549.52 LINK. Currently, the top cryptocurrency exchanges for LINK are Binance, Huobi Global, ZBG, Upbit, OKEx, Kucoin, Gate.io, FTX, and Bithumb.
Now, let’s proceed to the next part of this LINK technical analysis for 2022.
Chainlink (LINK) Price Analysis 2022
Currently, LINK holds 20th place on CoinGecko. But will the latest upgrades, development, and changes in the LINK blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this LINK price prediction article.
The Relative Strength Index (RSI) which measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of Chainlink (LINK) 1day chart of LINKUSDT is at 39.67. This shows that LINK is showing a neutral trend since it is between 50 and 30. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase, though the price could move to the overbought region since the RSI is approaching 30.
Accumulated/Distribution indicator is used to detect the bullish or bearish signal in a chart, through the use of divergence and confirmation. From the 1Day A/D chart of Link above, it could be seen that the chart is on a downtrend. However, the accumulated/distribution chart shows an uptrend. This divergence in trends, shows that the seller pressure is weakening and that the price of LINK would soon take the direction of A/D which is a bullish run.
Chainlink (LINK) Price Prediction
The chart below shows that Chainlink has a poor performance over the past few weeks. Moreover, the LINK price has reduced by 13.5% in the last 30 days. If this trend continues, LINK might run along with the bears, breaking its $13.82 support1 level and trade lower. This could continue until it gets to 2022 bearish price of $5.97 at support3 level.
Conversely, if the investors turn against the crypto, the bulls might take over and enthrone LINK from its downtrend position. In simpler terms, the price of LINK might surge to almost $28.10 at resistance4, a bullish signal.
Meanwhile, our long-term LINK price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $52.88 this year. However, that will only happen if it breaks many previous psychological resistances.
Chainlink (LINK) Price Prediction 2022
If this bearish trend reverses, Chainlink will reach $52.87 by the end of 2022. Moreover, the first half of 2022 is going to show moderate growth, up to $28 at resistance4. Then, LINK will rise, but no major falls are expected. With upcoming, partnerships, and developments reaching $70 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Chainlink (LINK) Price Prediction 2023
If LINK has a relative strength index (RSI) that is above 65 in 2022, which means that a strong uptrend since more buyers are entering the market, is about to be formed, then the possibility of it reaching $120 by the end of 2023 has been narrowed.
Chainlink (LINK) Price Prediction 2024
As per the latest upgrades, developments, LINK price prediction, and new project forecasts of the platform, LINK investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of Chainlink (LINK) in the crypto market, and it will be in the list of the best investment as the price can spike and reach around $200.
Chainlink (LINK) Price Prediction 2025
In the next four years, LINK’s price could race up to $250. However, reaching this level could not be so difficult for LINK as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that LINK has a high possibility of reaching new ATH soon in the next five years as per the prediction.
Chainlink (LINK) Price Prediction 2026
By 2026, the price of LINK would reach $400 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.
Chainlink has a bright future ahead of it in 2022. With the ongoing developments happening within the LINK ecosystem, as well as in the overall crypto market, we may see LINK reach new heights. Bullish LINK price prediction 2022 is between $28.10 and $52.87. As said above, it may even reach $70 if investors have decided that LINK is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
How to Buy LINK Tokens?
Users can obtain LINK tokens by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.
LINK is a good investment in 2022. However, LINK has a high possibility of surpassing its current ATH at about $52.88 this year.
Yes, it’s very much possible that LINK might reach $70 in the near future as per the current bullish trend.
Yes, it’s very much possible that LINK might reach $100 in the near future as per the current bullish trend.
Yes, it’s very much possible that LINK might reach $52.87 in the near future as per the current bullish trend
Yes, it’s very much possible that LINK might reach $120 in the near future as per the current bullish trend.
Yes, it’s very much possible that LINK might reach $200 in the near future as per the current bullish trend
Yes, it’s very much possible that LINK might reach $250 in the near future as per the current bullish trend
Yes, it’s very much possible that LINK might reach $400 in the near future as per the current bullish trend.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.