2024

Chainlink

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The Chainlink price has been consolidating below the recent swing high for the past three months.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Chainlink crypto currently trades at $15.54 with a slightly positive development of 0.77% in intraday.</a> </li> 
</ul> 
<p>The <a href="https://www.thecoinrepublic.com/2024/01/31/alliance-with-bitcoin-ordinals-boomed-the-trump-nft-performance/" target="_blank" rel="noreferrer noopener">Chainlink price</a> extended the rally towards $17 level on Thursday. The crypto is delivering swift gains recovering from morning losses. The price experienced volatility in the last week, losing in the earlier sessions and recovering in the later sessions.&nbsp;</p> 
<p>Moreover, The crypto resumed its recovery this week and has added over 8% in the earlier three sessions. The LINK crypto trades on the higher side and might add more by the end of today’s session.&nbsp;</p> 
<p>At the time of writing, the LINK crypto was $15.54 with a swift intraday gain of 0.77%. It has a market capitalization of $8.898 Billion and ranks 12th amongst all cryptos. The volume to market cap ratio is 8.34% signifying mild volatility.&nbsp;</p> 
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  <img decoding="async" src="https://lh7-us.googleusercontent.com/Ul2wWUShXONERIXJUWEVfUVZzhlBGgRFaFAH1XOCjtL_xwI3Ze7yEXe6pJTg2NOikJPg1N_T22DbymLRdDUopmsfrsTqlBRr6wZGbkav64scNBbYBK5WGTdaWNBY81zqImIXMmzBRQmbF6MRp9JrVDM" alt="Chainlink Price Stagnates: Can LINK Surprise with Bullish Breakout">
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<h2 class="wp-block-heading" id="strong-chainlink-trend-analysis-strong"><strong>Chainlink Trend Analysis</strong></h2> 
<p>The long term trend demonstrates a positive outlook as the crypto has performed well in the past four months. The LINK crypto price formed a bullish trajectory and edged higher in the past three months. The crypto gained nearly 122.95% in the past three months rising from $7.5 to peak value of $17.6.&nbsp;</p> 
<p>The short-term trend outlook shows that the LINK crypto is hovering back and forth, delivering a sideways outlook at the moment. The price has been hovering in a range-bound zone for the past three months, unable to find a clear direction</p> 
<p>On the higher side, a round level of $17 has been acting as a supply zone and halting further momentum to the upside. On the lower side, the buyers have established themselves near the $13 level and are preventing the price from falling lower.</p> 
<p>The breakout or breakdown of the range may decide the next clear trend for Chainlink. If the crypto breaks out it may rise to test upper supply levels of $18 and $20. While a breakdown on the lower side may drag the price to test lower demand zones of $12 and $10.&nbsp;</p> 
<p>At the time of writing, the RSI was at 58.13 points, and the 14-day SMA line was at 50.76. Both the RSI and 14-day SMA line are placed near the median line indicating slight bullishness in the short-term trend.</p> 
<h2 class="wp-block-heading" id="strong-chainlink-price-prediction-for-february-2024-strong"><strong>Chainlink Price Prediction for February 2024</strong></h2> 
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  <img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-17-1024x472.png" alt="Chainlink Price Stagnates: Can LINK Surprise with Bullish Breakout" class="wp-image-191041" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-17-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-17-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-17-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-17-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-17-750x345.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-17-1140x525.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-17.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The positive view of analysts predicts an upside potential of over 20% by February end, which could take the Chainlink price above the $3.036 mark. On the other hand, the bearish view of analysts predicts that the price could drop near $12 level.</p> 
<p><strong>Chainlink Price Prediction for 2024</strong></p> 
<p>The price prediction for 2024 shows that the Chainlink may advance to a high of $25.86 by the end of 2024. The less optimistic analysts estimate a price target of $21.01 by the end of the year.</p> 
<p><strong>Chainlink Price Prediction for 2025</strong></p> 
<p>As per the most positive view of our analysts, the price may hit the $32.5 mark, suggesting an upside potential of 104.26% by 2025. The pessimistic view is that the price could reach $24.33 by the end of the financial year 2025.</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Chainlink Price Stagnates: Can LINK Surprise with Bullish Breakout

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