Chainlink Price Prediction – LINK Price Estimated to Drop to $ 24.12 By Dec 12, 2024
Chainlink is predicted to decrease -8.79% in the next 5 days and hit a price target of $24.12 per LINK. Check out today's Chainlink price prediction to learn why.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Chainlink is up 10.30% today against the US Dollar
- LINK/BTC increased by 8.45% today
- LINK/ETH increased by 7.90% today
- Chainlink is currently trading 9.64% above our prediction on Dec 12, 2024
- Chainlink gained 111.30% in the last month and is up 69.09% since 1 year ago
| Chainlink price | $ 26.44 |
| Chainlink prediction | $ 24.12 (-8.79%) |
| Sentiment | Bullish |
| Fear & Greed index | 75 (Greed) |
| Key support levels | $ 23.82, $ 21.85, $ 20.82 |
| Key resistance levels | $ 26.82, $ 27.85, $ 29.82 |
LINK price is expected to drop by -8.79% in the next 5 days according to our Chainlink price prediction
Chainlink price today is trading at $ 26.44 after gaining 10.30% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 9.99% in the same time period. LINK performed well against BTC today and recorded a 8.45% gain against the world’s largest cryptocurrency.
According to our Chainlink price prediction, LINK is expected to reach a price of $ 24.12 by Dec 12, 2024. This would represent a -8.79% price decrease for LINK in the next 5 days.
LINK Price Prediction Chart
What has been going on with Chainlink in the last 30 days
Chainlink has been displaying a positive trend recently, as the coin gained 111.30% in the last 30-days. The medium-term trend for Chainlink has been bullish, with LINK increasing by 162.54% in the last 3 months. The long-term picture for Chainlink has been positive, as LINK is currently displaying a 69.09% 1-year price change. On this day last year, LINK was trading at $ 15.64.
Chainlink reached its all-time high price on May 10, 2021, when the price of LINK peaked at $ 52.89. The current LINK cycle high is $ 26.71, while the cycle low is at $ 4.96. LINK has been displaying high volatility recently – the 1-month volatility of the coin is at 21.28. Chainlink recorded 18 green days in the last 30 days.
Chainlink technical analysis for today - Dec 07, 2024
The sentiment in the Chainlink markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 23.82, $ 21.85 and $ 20.82, while $ 26.82, $ 27.85 and $ 29.82 are the key resistance levels.
Bullish sentiment for Chainlink
27 indicators are currently signaling a bullish prediction for Chainlink, while 3 indicators are showing a bearish forecast. With 90% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Chainlink.
Crypto market is currently experiencing Greed
Currently, the Fear & Greed index is at 75 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Chainlink moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Chainlink is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 19.66 (BUY) | $ 17.72 (BUY) | - | - |
| MA5 | $ 21.61 (BUY) | $ 15.95 (BUY) | - | - |
| MA10 | $ 20.13 (BUY) | $ 13.99 (BUY) | - | - |
| MA21 | $ 18.15 (BUY) | $ 12.67 (BUY) | $ 11.76 (BUY) | $ 13.34 (BUY) |
| MA50 | $ 14.63 (BUY) | $ 11.93 (BUY) | $ 14.33 (BUY) | $ 13.19 (BUY) |
| MA100 | $ 12.89 (BUY) | $ 12.12 (BUY) | $ 14.24 (BUY) | $ 12.66 (BUY) |
| MA200 | $ 13.33 (BUY) | $ 12.86 (BUY) | $ 7.84 (BUY) | $ 10.24 (BUY) |
| Period | Value | Action |
| RSI (14) | 76.75 | SELL |
| Stoch RSI (14) | 73.60 | NEUTRAL |
| Stochastic Fast (14) | 72.98 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 54.47 | SELL |
| Awesome Oscillator (5, 34) | 7.11 | NEUTRAL |
| Momentum (10) | 5.87 | NEUTRAL |
| MACD (12, 26) | 0.60 | NEUTRAL |
| Williams Percent Range (14) | -27.02 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 59.78 | NEUTRAL |
| VWMA (10) | 22.60 | BUY |
| Hull Moving Average (9) | 25.63 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 19.55 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Chainlink is at 76.75, suggesting that LINK is currently overbought.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Chainlink over the last 50 days. Currently, Chainlink is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the LINK closing price for the last 200 days. LINK is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Chainlink prediction
After considering the above factors, we can conclude that the current forecast for Chainlink price prediction is Bullish. LINK would have to decrease by -8.79% to hit our $ 24.12 target within the next five days. Moving forward, it will be important to monitor the LINK market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Chainlink price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
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