Chainlink Price has experienced a notable surge in 2024, gaining over 40%. However, recent weeks have seen a sharp downturn for Chainlink, mirroring losses across the broader cryptocurrency market, including Bitcoin. This downturn has wiped billions from the market’s value. Despite these challenges, as the year draws to a close, Chainlink’s price appears set for potential gains eyeing ATH.
Can Chainlink Price Price Hit ATH In January?
The LINK price stands at $21.02, reflecting a slight decrease of 1.24% over the past day. The digital asset saw a fluctuation between $20.10 and $21.73 throughout the day. Despite the day’s volatility, many analysts are speculating whether the asset could surpass its historical peak of $52.88 achieved on May 10, 2021. This resilience could signal a bullish outlook as we approach the new year.
The MACD indicator, reflecting a convergence away from the zero line, suggests growing bullish momentum. If the bullish trend continues, LINK price prediction could surge to $30, then $40, potentially hitting $52, marking a new all-time high. However, if bears mount more pressure, the LINK could break below the support levels.
Chainlink Price Chart: TradingView
Chainlink Price Set for Major Growth by 2025
Crypto analyst Michaël van de Poppe has recently highlighted a new upward trend in the Chainlink price relative to Bitcoin. He notes that Chainlink establishes a higher low, indicating a potential surge.
Despite this promising trend, he points out that Chainlink’s current valuation compared to Bitcoin remains significantly low. Van de Poppe predicts a substantial rise in LINK’s value by 2025, suggesting it could reach new heights. This optimism is based on key technical resistance points that, once overcome, could lead to stronger upward movements.
Source: Tweet
Ali charts signal a promising opportunity for Chainlink traders. The latest analysis on the 12-hour chart through the TD Sequential indicates a potential uptick in LINK’s price. Investors are encouraged to consider this moment to enhance their positions.
Source: X
If Bitcoin’s price resumes its upward momentum toward $100K in 2025, Chainlink price could capitalize on the bullish market sentiment. With strong technical indicators and rising investor confidence, LINK might surpass its previous ATH, solidifying its position in the crypto ecosystem.
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