Chainlink (LINK) Price Increases by 6.5%, Expecting a Potential Rise to $25-30

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Chainlink (LINK) Price Increases by 6.5%, Expecting a Potential Rise to $25-30



Oracle service provider chainlink is seeing strong trading activity once again! While the Chainlink (LINK) price is up a staggering 6.5% to $16 in the last 24 hours, the broader market continues to consolidate. Chainlink, which rose to 12th place in terms of market value, currently aims to be among the top ten cryptocurrencies.

Chainlink (LINK) Awaits a Potential Breakout


In a recent analysis, crypto market analyst Michael van de Poppe offers insight into the potential trajectory of Chainlink ($LINK), indicating that an uptrend is likely.

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The key factors supporting this prediction are:

1. Liquidity absorption: Chainlink absorbed liquidity, falling to the $12.20 level.
2. Resistance test: The fact that the cryptocurrency has passed multiple resistance tests indicates a potential upside move.
3. BTC and ETH Dynamics: For Chainlink, the Bitcoin ($BTC) pair is showing signs of bottoming, while Ethereum ($ETH) is showing increasing activity.

Considering these factors, Van de Poppe suggests that Chainlink may experience a positive breakout in the near future, with a price range of $25 to $30 predicted in the coming months. Traders and investors are advised to monitor these developments for potential opportunities in the $LINK market.

What’s Next for LINK?


Chainlink’s (LINK) price has exhibited a consistent uptrend, signaling increasing bullish momentum. Encouragingly, the Cross EMA 50/200 day shows a high probability of a Golden Cross and points to significant price movements in the coming days.


Moving Average Convergence Divergence (MACD) provides a solid green histogram that shows the prevailing bullish trend in the cryptocurrency market. Additionally, the moving averages are showing a continuous uptrend, which indicates that LINK price will continue to rise in the coming days.

If the bulls successfully push the price above the $15,411 resistance level, this will pave the way for Chainlink to test the upper resistance level at $16,477. Moreover, maintaining stability at this level could cause the LINK token to challenge the $17,677 resistance level in the foreseeable future.


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Bhushan is a FinTech enthusiast and has a good ability to understand financial markets. His interest in economics and finance draws his attention to the emerging Blockchain Technology and Cryptocurrency markets. He is in a constant learning process and motivates himself by sharing the knowledge he has acquired. In her spare time, she reads thriller novels and sometimes explores her culinary skills.





The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.

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