Chainlink Price Prediction 2022: Market Analysis and Opinions
Table of Contents
- Chainlink Price Prediction | Introduction
- Chainlink Price Prediction: Technical Analysis
- Chainlink Price Prediction: Technical Conclusion
- Chainlink Price Prediction: Market Opinions
- Chainlink Price Forecast for March-April
- Chainlink Price Forecast for the Rest of the Year
- Chainlink Price Forecast for the Next Year
- Cryptocurrency Experts and Influencers
- Latest News and Happenings Concerning Chainlink
- Chainlink Price Prediction: Verdict
The startup promising to expand the capabilities of smart contracts has largely remained true to itself, keeping strong fundamentals at the core of its exposure – and that’s offering a suite of building blocks for a bullish Chainlink price prediction.
Chainlink is no clone of blockchain products, but its own unique product, with its own separate strategies and a boost of a few additional benefits that are doing wonders on LINK price. Here is a complete LINK coin price prediction.
Chainlink Price Prediction | Introduction
At the time of writing this Chainlink price prediction, the LINK coin price was $13.29, according to CoinMarketCap. The market cap at this coin price was an impressive $6.2 billion, fully diluted to around $15.7 billion.
Chainlink, best known for its native cryptocurrency – LINK, is among the many projects established with the aim of expanding the scope of smart contract applications. For Chainlink, that means facilitating blockchain’s access to real-world data and off-chain computation.
The result will power the future of smart contracts technology by providing access to a highly secure and flexible infrastructure built to maintain a reliability factor. That’s the building block of LINK coin price prediction since everything will fall in place under the watchful eye of LINK crypto.
Chainlink Price Prediction: Technical Analysis
Before we get to the LINK coin price prediction, let us address the recent price action as the neon-adorned elephant in the room. This analysis will reveal price levels to consider while looking at the LINK coin price landscape. Here is a summary of the trading price:
|Month||Open Price||Closing Price||Month High|
LINK coin price is stuck between two massive barriers that are squeezing the altcoin into consolidation. The recent retest of the support area suggests that LINK is due for a quick run-up if it can hold above the current support floor.
Chainlink coin slid lower due to the recent crash and tagged the $12.04 and $15.37 demand zone for stability. This downswing is a result of the reject at the daily supply zone extending from $22.61 to $29.39.
These two levels are significant for Chainlink price prediction. They are limiting the movement of Chainlink coins, resulting in consolidation due to a lack of volatility in the cryptocurrency market. Regardless, in a shorter time frame, there is enough room for LINK bulls to attempt a minor uptrend.
Therefore, investors can expect the LINK coin price to bounce off the demand zone and trigger a move above the equal highs at $19.85. Clearing this hurdle will open the path for retesting the 50-day Simple Moving Average at $21.
Chainlink Price Prediction: Technical Conclusion
A climb from the $21 price target is likely where the upside is capped for LINK coin price. In a highly bullish LINK price prediction scenario, the LINK coin could visit the lower limit of the supply zone at $22.61, bringing the total gain to 24%.
On the other hand, this minor uptrend depends entirely on the directional bias favored by BTC. Therefore, a quick flash crash in BTC could see LINK’s price following its lead. In this Chainlink price prediction, if LINK produces a daily candlestick close below $12.82, it will invalidate the bullish thesis.
In this case, market participants should expect LINK coin price to revisit historical support at $9.28 and hold above this line as sidelined buyers make their move. The bullish outcome in a short time frame would be a retest of $15.37.
Chainlink Price Prediction: Market Opinions
LINK coin price has put up mixed results as investors digest the fallout from BTC. The attitude towards Chainlink will determine how the crypto reacts in different price levels. In this section, let’s consider popular forecasts and LINK price prediction by influencers.
Chainlink Price Forecast for March-April
TradingBeasts eyes gains in its Chainlink price forecast for March – April, but the upside is capped at $20. This Chainlink price prediction suggests LINK coin will sustain the assault by the bearish player to retest support at $13 before advancing to $15.73.
Long Forecast predicts the bulls will lose control of LINK coin price, sending the coin on a roll as it will continue to crash due to lack of bullish momentum in its Chainlink price forecast for March – April. The forecast eyes $12.41 and $10.42 closes in March and April, respectively.
Chainlink Price Forecast for the Rest of the Year
WalletInvestor is pushing a bearish LINK price prediction even as Chainlink arrives at an inflection point that could lead to a solid advance. Going forward, this Chainlink price forecast for the rest of the year eyes $11.97 in a yearly time frame.
DigitalCoin sees LINK crypto hitting the pause button on the descent as Chainlink tags vital support to average $19.11 in its Chainlink price forecast for the rest of the year. A bounce from the foothold will end the bearish regime and trigger an uptrend.
Chainlink Price Forecast for the Next Year
PricePrediction readies for a wild ride in its Chainlink price forecast for the next year, suggesting LINK coin price will bounce off the last support eyeing $14.65 and $16.02. This move will expedite a retest of $16.48 within the year.
Gov.Capital determines LINK coin will avoid crashing below the current support level and find a bullish pacemaker to jumpstart the rally. The Chainlink price forecast for the next year in this scenario is $45.90, tagging all-time high as vital and wide support.
Cryptocurrency Experts and Influencers
Next 100X GEMS is bullish as LINK coin price kick-starts its journey to recover lost gains. This Chainlink price prediction shows LINK on a launching pad that will catapult the coin to pierce through several resistance barriers on the road to $100.
SlinkSada is pulling the strength in number card in her LINK price prediction, which eyes a $400 price target in the next year. According to this forecast, LINK will thrive in an environment where BTC blasts through price predictions on a yearly timeframe.
Latest News and Happenings Concerning Chainlink
Chainlink, the biggest data provider for smart contracts, currently values the smart contracts dependents on its data feed at a whopping $75 billion. Besides, the total value secured thanks to its oracle solution is on a steady growth, rising to $7 billion.
The startup enjoys a prominent leader in the race to build the backbone of decentralized finance. Chainlink is the go-to Launchpad for decentralized platforms involved in growth markets within the blockchain space, including everything from gaming to lending. You can trade LINK on Binance, Gate.io, Coinbase, FTX, and many others exchanges.
Chainlink Price Prediction: Verdict
Regardless of the theme or flavor of the cryptocurrency market, LINK coin price will continue to fight on, and Chainlink is likely to widen its foothold. It will do so by leaning on the strengths of its fundamental factors and thereby validating the bullish Chainlink price prediction.
Note: This post was originally published on 7 June 2021 and has been totally updated for the completeness and veracity of the content on 11 March 2022.