Chainlink (LINK) price prediction 2022 employs statistics, price patterns, RSI, RVOL, and other LINK data to forecast the cryptocurrency’s future movement.
What is Chainlink (LINK)?
Chainlink is a blockchain-based cryptocurrency network. Chainlink connects the real world and smart contracts. Chainlink can generate multiple subcontracts and uses data from only the most trusted nodes and oracles for maximum accuracy.
LINK is also the digital belonging token that is used to pay for services on the Chainlink network. LINK can be purchased and sold in exchange for traditional currency or other digital currencies. LINK can be purchased through cryptocurrency exchanges and stored in a crypto wallet and custodian like Gemini.
Chainlink (LINK) Price Prediction 2022
Chainlink (LINK) is currently ranked 23rd on CoinMarketCap. Furthermore, a daily time frame is used to explain LINK price prediction 2022.
The LINK chart above shows a horizontal channel pattern, also known as a sideways trend. Horizontal channels are trend lines that connect changeable price highs and lows to show how the price is constrained between the upper line of resistance and the lower line of support.
Chainlink (LINK) is currently trading in the $7.36 range. If the pattern continues, the price of LINK could reach the $9.669 resistance level. If the trend continues, the price of LINK could fall to $5.858.
Chainlink (LINK) Support and Resistance Levels
The graph below shows the support and resistance levels of LINK.
We can clearly interpret the resistance and support levels of Chainlink from the above daily time frame.
The charts show that Chainlink has been on a bullish streak over the last month. If this trend continues, LINK could overtake its resistance level at $19.596.
As a result, if investors turn against crypto, the price of Chainlink (LINK) could fall to nearly $5.855, indicating a bearish signal.
Chainlink (LINK) Price Prediction 2022
The chart below depicts Chainlink’s (LINK) Relative Volume (RVOL). It shows how the current trading volume has changed over time in comparison to the previous trading volume.
In addition, LINK’s RVOL is currently below the cutoff line, indicating that it is a weak participant in the current trend.
The Moving Average (MA) of Chainlink (LINK) is also displayed in the chart above.
LINK is currently in a bearish trend. Notably, Chainlink’s (LINK) price is below the 50 MA (short-term), indicating that it is in a downward trend.
As a result, a reversal trend in LINK is possible at any time.
Meanwhile, the Chainlink (LINKrelative )’s strength index (RSI) is 53.82. This indicates that Chainlink (LINK) has not been overbought or oversold.
However, this implies that a significant price reversal of LINK may occur in the coming days. As a result, traders must exercise caution when trading.
Chainlink (LINK) Price Prediction 2022
Let us now examine Chainlink’s Average Directional Index (ADX) (LINK). It aids in determining the overall strength of the trend.
The ADX of Chainlink is depicted in the chart above (LINK). The ADX of LINK is currently in the range of 19.226, indicating a weak trend.
The above graph also depicts Chainlink’s Relative Volatility Index (RVI) (LINK). RVI calculates the constant deviation of price changes over time. LINK’s RVI is greater than 50, indicating high volatility.
In fact, Chainlink’s (LINK) RSI is currently at 53.82, confirming a potential buy signal.
Chainlink (LINK) Price Prediction 2023
Chainlink (LINK) could reach $33 by 2023 if the declining price action completely slows down and the trend reverses.
Chainlink (LINK) Price Prediction 2024
Chainlink (LINK) may enter a bullish trend as a result of several network upgrades. If the coin attracts the attention of major investors, LINK could rise to $36 by 2024.
Chainlink (LINK) Price Prediction 2025
If Chainlink (LINK) maintains major resistance levels and is recognized as a better investment option among investors over the next three years, the stock could rally to $37.5.
Bottom Line
With continuous improvements to the Chainlink network, we can confidently predict that 2022 will be a good year for LINK. As a result, the bullish price forecast for Chainlink (LINK) in 2022 is $19.596. On the other hand, the bearish price prediction for Chainlink (LINK) in 2022 is $5.855.
Furthermore, as the Chainlink ecosystem evolves and improves, the performance of LINK will help it to surpass its current all-time high (ATH) of $52.70 very soon. However, if investors believe that LINK is a good investment in 2022, it could reach $30.
FAQ
1. What is Chainlink (LINK)?
Chainlink (LINK) is the Chainlink network’s native cryptocurrency. In September 2017, it was released as an ERC-20 token.
Chainlink is a decentralized oracle network that integrates off-chain data with smart contracts and is open source.
2. Where can you purchase Chainlink (LINK)?
Chainlink (LINK) has been listed on numerous cryptocurrency exchanges, including Binance, Coinbase Exchange, Z.B.COM, OKX, and KuCoin.
3. Will Chainlink (LINK) reach a new ATH soon?
LINK has a good chance of reaching its ATH soon, thanks to ongoing developments and upgrades on the Chainlink platform.
4. What is the current all-time high (ATH) of Chainlink (LINK)?
Chainlink (LINK) reached a new all-time high (ATH) of $52.70 on September 02, 2021.
5. Is Chainlink (LINK) a good investment in 2022?
Chainlink (LINK) appears to be one of the year’s top gaining cryptocurrencies. According to Chainlink’s recent achievements, LINK is considered a good investment in 2022.
6. Can Chainlink (LINK) reach $30?
Chainlink (LINK) is one of the active cryptocurrencies that is still bullish. If this bullish trend continues, Chainlink (LINK) will soon reach $30.
Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.
