Analyst Forecast Chainlink (LINK) Surge Towards $40-$45 Range: Here’s When

ChainLink has broken through the lower limit of the uptrend channel in the medium to long term. This may initially indicate a slowing of the rate of rise and may indicate the beginning of more lateral movement. In particular, a support level is observed at 13.20 points and resistance is evident at 17.30 points.

As of this writing, Chainlink’s current price is $15.35, with a 24-hour trading volume of $651.66 million and a market cap of $9.01 billion. In the past 24 hours, LINK price experienced a slight decline of his 0.47%.

Source: CoinMarketcap

Analysts expect Chainlink (LINK) to reach $45-$50 range

Renowned crypto analyst World Of Charts says: share Optimistic predictions about Chainlink (LINK) future price movements. In particular, they highlight the remarkable performance of LINK, which has surged more than 200% since its breakout. They argue that a period of healthy correction appears to have run its course, indicating that the market may stabilize. This sets the stage for another significant upward trajectory featuring bullish momentum.

World Of Charts predicts that Link could move towards the $30 level in the near term, reflecting a continuation of its uptrend. Additionally, they envision a broader bullish scenario unfolding over the coming months, with LINK potentially reaching its final target range of $45-$50.

This optimism signifies investors’ continued enthusiasm and belief in the fundamental principles underpinning LINK and driving its value proposition in an ever-evolving crypto market environment.

Chainlink LINK short-term price prediction

Changelly’s latest Chainlink price forecast suggests an upside potential of 4.95%, and its value is projected to reach $16.12 by April 24, 2024. Technical indicators provided by Changelly are indicating a neutral Bullish market sentiment towards Chainlink with a confidence level of 70%. Furthermore, the Fear & Greed Index score is 73, indicating that greedy sentiments are prevalent among investors.

For example, referring to the analysis of Chainlink price movements in early 2023, cryptocurrency experts predict that the average LINK rate in April 2024 will be equivalent to $16.73. In addition to this, they have predicted various price movements and the lowest predicted prices are: is $15.38, with an estimated maximum rate of $18.07.

These projections suggest an ROI (return on investment) of 24.4%. This shows that there is still potential for interest and income from investing in Chainlink during that period.

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