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Chainlink: Will LINK Coin Regain the $20 Mark By December 2023?

  • The LINK coin price is supported at the 20-day exponential moving averages.
  • Chainlink price is consolidated near the resistance level reflecting the lack of sellers.
Current Price – $15.864(1.06%)Sentiment – Bullish
Max Supply – 1.00 BillionFear & Greed Index – 74 (Greed)
Volatility – 7.17% (High)Green Days – 18/30 (60%)
RSI – 63 (Neutral)200–Day EMA – $9.305(Buy)
Trading Volume (24h) – $883.1 MillionAll-time high – $52.88

Based on recent data, Chainlink holds a market capitalization of $8.9 Billion, while the circulating supply is 556.8 Million LINK.

What is Chainlink LINK?

The LINK coin is an Ethereum-based token that powers the Chainlink platform. Chainlink aims to connect data and information from outside a blockchain to on-chain smart contracts. 

The platform links off-chain and on-chain data where Oracles acts as an intermediary, translating data from the real world to smart contracts. Smart contract capabilities are enhanced by Chainlink’s ability to access real-world data and off-chain computing while retaining blockchain security.

Chainlink LINK  Price Prediction For 2024, 2025, 2026, 2027, 2028, 2029, and 2030

Year Year LowYear High
2024$16.15$100.75
2025$29.25$78.88
2026$15.99$38.59
2027$15.27$36.59
2028$36.30$143.00
2029$52.44$111.87
2030$35.06$64.66

All the prediction data is based on the price performance algorithm of the Chainlink.

LINK Price Prediction 2025

BINANCE: LINK/USDT 1-W Timeframe Chart By TradingView

Chainlink witnessed 6 bullish weekly candlesticks during the past 10 weeks, highlighting bullishness over the chart. Over the weekly timeframe, the LINK price has risen after witnessing a year-long consolidation.

Based on the price algorithm the maximum expected price for 2025 is $78.88 while the minimum expected price is $29.25. LINK would need to rise by 407% to reach the $78.88 target level.

LINK Price Prediction 2030

BINANCE: LINK/USDT 1-Monthly Timeframe Chart By TradingView

Monthly timeframe chart reflecting bullish dominance with past four consecutive green candlesticks. The LINK price is moving towards an upper target of $38.544. 

The price algorithm suggested that LINK could hit a maximum target of $64.66 in 2030. While the LINK could hit $35.06 at the lower end.

The MACD is rising above the mean line with a gradual surge in the histogram volumes, signaling a bullish signal in the market.

Technical Outlook of LINK Over Daily Timeframe

BINANCE: LINK/USDT Daily Timeframe Chart By TradingView

Chainlink has been rising since September, reflecting a buyer’s dominance in the market. LINK price is supported at the 20-day exponential moving averages. Chainlink price is consolidated near the resistance level reflecting the lack of sellers in the market. 

Chainlink registered an intraday trading volume of $883.1 Million, with a hike of 45% in today’s session. The LINK’s price action suggested that if the price remains consolidated near the resistance then a breakout might be experienced in the upcoming sessions.

The LINK coin is trading at $15.848, with an intraday gain of 1.06%, highlighting bullishness over the chart. Additionally, the link price has increased by 12% over the past seven days.

Testimony of Technical Indicators

BINANCE: LINK/USDT Daily Timeframe Chart By TradingView
Indicator( Occilators/Moving Averages)ValuePrediction
Relative Strength Index63Neutral
Chaikin Money Flow-0.02Neutral
Average Directional Index31.033Neutral
MACD (12, 26)0.721Buy
Bull Bear Power1.595Neutral
Stochastic %K (14, 3, 3)84.808Neutral
20-Day EMA14.613Buy
50-Day EMA12.912Buy
100-Day EMA10.964Buy
200-Day EMA9.305Buy
Volume Weighted Moving Average (20)14.499Buy

LINK  Price Prediction Tomorrow and Next Week

DatePriceChange
December 05$16.150.00%
December 06$17.005.26%
December 07$17.578.79%
December 08$16.954.95%
December 09$16.814.09%
December 10$17.609.00%
December 11$18.0912.01%

The predicted price data is based on the monthly and weekly performance of Chainlink.

Chainlink Price Prediction FAQs

What is LINK’s Price Today?

Based on the LINK prediction chart, the price of LINK increased by 1.06% and reached $15.864 by December 04, 2023. 

What is the all-time high of LINK?

Chainlink has an all-time high price of $52.88, the current price is 69.89% below the record-high price.

What is the Intraday Trading Volume of LINK?

The crypto has an intraday trading volume of $883.1 Million with an increase of 45% in Monday’s session.

Will LINK Reach $100?

Chainlink would need to gain 541.99% to reach $100. As per the prediction, the LINK could hit the $100 threshold by the end of 2024. 

Will LINK Reach $1000?

Chainlink would need to gain 6,312% to reach $1,000 and the price algorithm suggested that the LINK could gain the $1000 mark by the year 2044.

Is LINK Token a Profitable Investment?

As per prediction link could rise more than 1000% in the next 10 years, so investment in LINK would be profitable. Additionally, LINK has a year-to-date return of 179.19%, reflecting a positive outlook for future investors.

Conclusion

The market sentiments for Chainlink are highly bullish. The major moving averages suggest a strong buy signal while oscillators are neutral. LINK price has been consolidated near the $15.6 hurdle for the past two weeks. Chainlink price action suggested a positive outlook over the graph and suggested price could rise further in the upcoming sessions.

Technical Levels

LevelsValue(USD)
Support 2$9.423
Support 1$11.543
Price$15.629
Resistance 1$15.761
Resistance 2$18.111

Disclaimer

Investing in stocks and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies, stocks, or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.

Tags: Chainlink
Antonio K Smith: Antonio is a travel photographer by profession and came across the Crypto world during his profession. Since then his love, knowledge and interest towards the technology have increased. He brings his passion to create in his articles.