Chainlink is Trading -9.00% Below Our Price Prediction for Nov 25, 2024

• Chainlink is down -5.13% today against the US Dollar
• LINK/BTC decreased by -5.85% today
• LINK/ETH decreased by -2.97% today
• Chainlink is currently trading 9.00% below our prediction on Nov 25, 2024
• Chainlink gained 21.35% in the last month and is up 2.75% since 1 year ago

LINK price is expected to rise by 8.53% in the next 5 days according to our Chainlink price prediction

Chainlink price today is trading at $ 14.15 after losing -5.13% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -4.88% in the same time period. LINK performed poorly against BTC today and recorded a -5.85% loss against the worlds largest cryptocurrency.

According to our Chainlink price prediction, LINK is expected to reach a price of $ 15.55 by Nov 25, 2024. This would represent a 8.53% price increase for LINK in the next 5 days.

LINK Price Prediction Chart

Buy/Sell Chainlink

What has been going on with Chainlink in the last 30 days

Chainlink has been displaying a positive trend recently, as the coin gained 21.35% in the last 30-days. The medium-term trend for Chainlink has been bullish, with LINK increasing by 24.50% in the last 3 months. The long-term picture for Chainlink has been positive, as LINK is currently displaying a 2.75% 1-year price change. On this day last year, LINK was trading at $ 13.77.

Chainlink reached its all-time high price on May 10, 2021, when the price of LINK peaked at $ 52.89. The current LINK cycle high is $ 22.31, while the cycle low is at $ 4.96. LINK has been displaying high volatility recently – the 1-month volatility of the coin is at 10.76. Chainlink recorded 18 green days in the last 30 days.

Chainlink technical analysis for today – Nov 20, 2024

The sentiment in the Chainlink markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 14.31, $ 13.97 and $ 13.42, while $ 15.20, $ 15.75 and $ 16.09 are the key resistance levels.

Bullish sentiment for Chainlink

29 indicators are currently signaling a bullish prediction for Chainlink, while 0 indicators are showing a bearish forecast. With 100% of indicators favoring a positive prediction. This results in an overall sentiment for Chainlink.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at , which signals that investors have a positive outlook on the market.

Chainlink moving averages & oscillators

Let‘s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Chainlink is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Chainlink is at 59.23, suggesting that LINK is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Chainlink over the last 50 days. Currently, Chainlink is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline thats calculated by taking an average of the LINK closing price for the last 200 days. LINK is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Chainlink prediction

After considering the above factors, we can conclude that the current forecast for Chainlink price prediction is . LINK would have to increase by 8.53% to hit our $ 15.55 target within the next five days. Moving forward, it will be important to monitor the LINK market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Chainlink price predictions click here.