cryptocurrency

Chainlink (link) Price Prediction 2022 – Will LINK reach $55 soon?

  • The bullish LINK price forecast is $9.554 to $52.60.
  • Chainlink (LINK) price may also reach $55 soon.
  • The bearish LINK market price prediction for 2022 is $2.15.

In Chainlink (LINK) Price Prediction for 2022, we use statistics, price patterns, RSI, RVOL, and other information about LINK to analyze the future movement of cryptocurrencies.

Chainlink (LINK) Current Market Situation

according to Queen GekkoChainlink (LINK) price is $7.19 with a 24-hour trading volume of $344,716,414 at the time of writing. However, LINK is down about 3.7% in the last 24 hours.

Furthermore, Chainlink (LINK) has a circulating supply of 467,099,986 links. Currently, Chainlink (LINK) trades on cryptocurrency exchanges such as Binance, Coinbase Exchange, ZBCOM, OKX, KuCoin, and FTX.

What is Chainlink (LINK)?

Chainlink is a blockchain-based cryptocurrency network. Chainlink provides a link between physical contracts and smart contracts. Multiple subcontracts can be created in Chainlink, and it only takes data from the most trusted nodes and oracles for extreme accuracy.

Furthermore, LINK is the digital affiliation token used to pay for services on the Chainlink network. LINK can be bought and sold in fiat currencies or other digital currencies. With a cryptocurrency exchange, LINK can be purchased and stored in a crypto wallet and custodian such as Gemini.

Chainlink (link) forecast prices 2022

Chainlink (LINK) occupies 25th place on CoinGecko at the moment. The LINK 2022 price prediction is explained below with a daily time frame.

LINK/USDT descending triangle pattern (Source: TradingView)

The above chart draws the descending triangle pattern. This pattern is often seen as a feature of a downtrend. It consists of an upper trend line connecting the highs and a horizontal trend line connecting the lows converging to form a triangle. If the price action breaks through the lower support level, the downtrend will continue.

In general, a descending triangle pattern indicates a reversal of an uptrend or a continuation of a downtrend. Traders are very much looking forward to an important breakout point.

Currently, Chainlink (LINK) is in the $7.19 range. If the pattern continues, LINK price may reach the 28.80 and 52.60 resistance levels. If the trend reverses, the LINK price could drop to $5.50 and $2.15.

Chainlink (LINK) Support and Resistance Levels

The chart below shows the support and resistance levels for Chainlink (LINK).

LinkUSDT Support and Resistance Levels (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the Chainlink (LINK) resistance and support levels.

  • Resistance Level 1 – $9.554
  • Resistance Level 2 – $14.425
  • Resistance Level 3 – $19.495
  • Resistance Level 4 – $29.186
  • Support Level – $5.810

The charts show that Chainlink (LINK) has conducted an upward trend over the past month. If the trend continues, LINK may work in tandem with the bulls breaking the resistance at $29.186.

Accordingly, if investors turn against the cryptocurrency, the price of Chainlink (LINK) could drop to close to $5,810, which is a bearish sign.

Chainlink (LINK) Price Forecast 2022 – RVOL, MA and RSI

The Relative Volume (RVOL) of Chainlink (LINK) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, LINK’s RVOL is below the cutoff line, indicating weakness of participants in the current trend.

Also, the Moving Average (MA) of Chainlink (LINK) is shown in the above chart. Currently, LINK is in a downturn. Notably, the price of Chainlink (LINK) is below the 50 MA (short term), so it is completely in a downtrend. Therefore, there is a possibility of a reversal of the LINK trend at any time.

Meanwhile, the Relative Strength Index (RSI) of LINK is 52.04. This means that Chainlink (LINK) is neither overbought nor oversold. However, this means that a major reversal of the LINK price may occur in the coming days. Therefore, traders need to trade carefully.

Chainlink (LINK) Price Forecast 2022 – ADX, RVI

Let us now look at the Average Directional Indicator (ADX) from Chainlink (LINK). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

The above chart represents the ADX indicator of Chainlink (LINK). Currently, LINK’s ADX is in the 22.98 range, so it indicates a weak trend.

The above chart also represents Chainlink’s (LINK) Relative Volatility Index (RVI). RVI measures the continuous deviation of price changes over a period of time. LINK’s RVI is above 50, indicating high volatility. In fact, the Chainlink RSI (LINK) is at 52.04, confirming a possible buy signal.

LINK vs BTC and ETH . Comparison

The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and Sandbox (LINK).

BTC Price Comparison vs ETH Vs LINK (Source: TradingView)

From the above chart, we can interpret that the price changes of BTC, ETH and LINK are moving in a similar direction. This indicates that when the price of BTC increases or decreases, the price of ETH and LINK also increases or decreases, respectively.

Chainlink (link) forecast prices 2023

If the price action completely slows down and the trend reverses, Chainlink (LINK) Likely to make $102 by 2023.

Chainlink (link) forecast prices 2024

With several network upgrades, Chainlink (LINK) may enter an upward trajectory. If the coin grabs the attention of major investors, LINK could rise to $150 by 2024.

Chainlink (link) forecast prices 2025

If Chainlink (LINK) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, LINK will rise to $198.

Chainlink (link) forecast prices 2026

If Chainlink (LINK) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, LINK will rise to $246.

Chainlink (link) forecast prices 2027

If Chainlink (LINK) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, LINK will rise to $294.

Chainlink (link) forecast prices 2028

If Chainlink (LINK) maintains a strong position as a better investment option for the next six years, it could see significant price hikes. Thus, by 2028, LINK will reach $342.

Chainlink (link) forecast prices 2029

If investors flock and continue to place their bets on Chainlink (LINK), this will see huge gains. LINK could reach $390 by 2029.

Chainlink (LINK) Price Forecast 2030

With greater developments in the Chainlink ecosystem, the crypto community may continue to invest in Chainlink (LINK) over the next eight years and drive a significant price hike for the token. Thus, the price of Chainlink (LINK) could reach $438 by 2030.

conclusion

With Chainlink’s continuous improvements Network, we can say that 2022 is a good year for LINK. For this reason, the bullish price forecast for Chainlink (LINK) in 2022 is $52.60. On the other hand, the bearish price prediction for Chainlink (LINK) for 2022 is $2.15.

Moreover, with the advancements and upgrades in the Chainlink ecosystem, it will help LINK’s performance to reach an all-time high (ATH) of $52.70 very soon. But, it could also reach $55 if investors think LINK is a good investment in 2022.

Instructions

1. What is Chainlink (LINK)?

Chainlink (LINK) is the original cryptocurrency of the Chainlink network. It was launched as ERC-20 token in September 2017. Chainlink is an open source decentralized oracle network that integrates off-chain data with smart contracts.


2. Where can you buy Chainlink (LINK)?

Chainlink (LINK) is listed on several cryptocurrency exchanges including Binance, Coinbase Exchange, ZBCOM, OKX, KuCoin, and FTX.

3. Is Chainlink (LINK) Coming to a New ATH Soon?

With developments and promotions going on within Chainlink platform, LINK has high potential to reach ATH soon.

4. What is the current all-time high (ATH) for Chainlink (LINK)?

On Sep 02, 2021, Chainlink (LINK) reached a new all-time high (ATH) at $52.70.

5. Is Chainlink (LINK) a Good Investment in 2022?

Chainlink (LINK) appears to be one of the best cryptocurrencies to gain this year. According to Chainlink’s record of achievements in the past few months, LINK is a good investment in 2022.

6. Can Chainlink (LINK) Hit $55?

Chainlink (LINK) is one of the active cryptocurrencies that continues to maintain its bullish state. Ultimately, if this bullish trend continues, Chainlink (LINK) will reach $55 soon.

7. What will the price of Chainlink (LINK) be in 2023?

Chainlink (LINK) price is expected to reach $90 by 2023.

8. . What will the price of Chainlink (LINK) be in 2024?

chainlink (link) The price is expected to reach $120 by 2024.

9. What will happen chainlink (link) By 2025?

chainlink (link) The price is expected to reach $160 by 2025.

10. What will the price of Chainlink (LINK) be in 2026?

Chainlink (LINK) price is expected to reach $190 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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