Amid the positive sentiment in the crypto market, altcoins have rapidly increased in valuation. Chainlink in particular has successfully overcome a critical resistance level.
LINK Price Reclaims The $23 Mark!
Chainlink's price surged by 7.28% over 24 hours with a trading volume of $982.36 million, a 44.73% increase compared to previous levels. Over the past week, it climbed by 17.69%, rewarding investors with a year-to-date return of 17.89%. The MACD indicates rising buying pressure, while the SMA shows a positive crossover, indicating the potential for LINK's price to continue appreciating.
How high is Chainlink expected to go?
If the market maintains its bullish trend, Chainlink's price may test its upper resistance level of $26. With intensified bullish sentiment, LINK's price could rise to $29. However, if bearish forces regain strength, LINK might fall to $20.
FAQs
Question: How much will Chainlink be worth in 2025? Answer: Amid increased bullish sentiment, LINK could reach an annual high of 47. Question: Can Chainlink reach $100? Answer: With sustained bullish price action, LINK could hit this target in 2025. Question: What is Chainlink price right now? Answer: At the time of writing, one LINK token is valued at $23.38.
Current data suggests favorable conditions for Chainlink's growth; however, the market still holds risks associated with potential bearish sentiments.
