Chainlink Price Prediction 2021 – Will LINK Hit $150 Soon?

Chainlink Price Prediction 2021 – Will LINK Hit $150 Soon?

According to the Bitcoin Price Prediction by Tim Draper, the value of Bitcoin could reach $250,000 USD by the end of 2020. However, that isn’t the end of the predictions for Bitcoin. What he also said is that as of today, Bitcoin has a value of $11,000 USD. Because of this, the BITUSD price prediction is to rise to $150 by 2021.

Hey guys, I have been following cryptocurrency for quite some time now and have been mainly involved in Bitcoin. With Bitcoin transaction fees increasing and with rumors of Ethereum’s scalability issues, I decided to take a look at something new. I started researching about the Chainlink project and I have to say I am impressed. As of right now, it seems to be the best of both worlds when it comes to smart contracts. As someone who is primarily in the Bitcoin and Ethereum world, I would love to see Chainlink and what they have to offer to the markets. If you have read my blog before, you would know that I like to forecast price trends and prices for things that have potential.

As the number one cryptocurrency, Bitcoin has been both a blessing and a curse. It has given the community and the world a lot of capital, yet with the recent fall of Bitcoin prices, it has also put a lot of people in financial distress. However, the cryptocurrency world is still booming, and it has just reached a new milestone.

  • The range of bullish LINK price predictions is $34 to 124.
  • The price of LINK may soon exceed $150.
  • The pessimistic market price forecast for 2021 is $3.62, according to LINK.

We utilize data, price trends, RSI, and other information about LINK to evaluate the cryptocurrency’s future movement in Chainlink LINK price forecast 2021.

Chainlink is a cryptocurrency network built on the blockchain. Chainlink is a platform that connects the real world to smart contracts. Chainlink may create numerous subcontracts and only uses data from the most trusted nodes and oracles for maximum accuracy.

Furthermore, LINK is the Chainlink network’s digital belonging token that is used to pay for services. LINK may be purchased and traded in exchange for conventional and digital currencies. LINK may be bought on a cryptocurrency exchange and kept in a crypto wallet and custodian like Gemini.

The Chainlink price is $21.67 at the time of writing, according to CoinGecko, with a 24-hour trading volume of $983,494,071. LINK, on the other hand, has dropped $7.89 in the past 24 hours.

LINK is currently traded on Binance, Huobi Global, Coinbase Pro, Gate.io, and Kraken, among other cryptocurrency exchanges.

The price forecast for LINK in 2021 is shown below in a weekly time period.

Chainlink Price Prediction 2021 – Will LINK Hit $150 Soon?Rising Wedge Pattern (LINK/USDT) (Image courtesy of TradingView)

A rising wedge pattern indicates a reversal pattern that is common in negative markets. When the price goes higher with pivot highs and lows converging toward a single point, the rising pattern appears on the chart.

This pattern is created by connecting two trendlines, one of which crosses two or more pivot highs and the other which crosses two or more pivot lows.

Chainlink’s support and resistance levels are shown in the chart below (LINK).

Chainlink Price Prediction 2021 – Will LINK Hit $150 Soon?Support and Resistance Levels (LINK/USDT) (Source: TradingView)

Without a doubt, the resistance and support levels of LINK can be found in the above two time periods.

  • $34.76 is the first level of resistance.
  • $53.03 – Level 2 Resistance
  • Level 3 Resistance – $89.44
  • $124.85 – Resistance Level 4
  • $19.93 for Level 1 Support
  • Level 2 Support – $8.47
  • $3.62 for Level 3 Support

The charts reveal that LINK has been doing well over the last month. If the current trend continues, LINK may sprint with the bulls and break over the $124 barrier mark. If investors turn against cryptocurrency, the price of LINK may fall to nearly $3.62, indicating a negative warning.

Now let’s look at LINK’s Average Directional Index (ADX). The ADX, in particular, aids traders in determining the strength of a trend rather than its initial direction. It may also be used to assess if the market is changing or whether a new trend is beginning. It was, however, linked to the Directional Movement Index (DMI).

Furthermore, the oscillator’s range is 0 to 100. Furthermore, high and low values imply a strong and weak trend, respectively. Furthermore, it was often used in conjunction with directional indications.

The ADX of LINK is seen in the chart above. Currently, the ADX remains over the 25-point level, indicating a strong sell-side trend.

Conclusion

The LINK is one of the cryptos that has held its footing in the face of a negative market. Our long-term LINK price forecast for 2021 is also optimistic. This year, it has a good chance of surpassing its current all-time high (ATH) of $52.70. However, this will only happen if it overcomes a number of previous psychological barriers.

Furthermore, the LINK ecosystem may have a bright future ahead of it in 2021, thanks to continuous development and improvements. It may soon hit $124, and it may even reach higher levels, such as $150, if investors believe LINK is a solid investment in 2021.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

Articles to Consider

At the time of writing, Chainlink (LINK) is trading at $6.89, with a market capitalization of $1.2 Billion. LINK has a daily trading volume of $66,000, and has a market cap of $1.2 Billion. In a Bull Market like we have today, it is hard to predict how much the price of LINK will go up. But, with a 10x price target, it seems like a good time to make predictions about the price of LINK.. Read more about chainlink price prediction november 2020 and let us know what you think.

Chainlink is a cryptocurrency that has been around since 2016. Its currently trading at Answer1.5 per coin, which means its not a good investment in 2021."}},{"@type":"Question","name":"How much will link be worth in 2025?","acceptedAnswer":{"@type":"Answer","text":" I cant answer that."}},{"@type":"Question","name":"","acceptedAnswer":{"@type":"Answer","text":""}}]}

Frequently Asked Questions

Chainlink is a cryptocurrency that has been around since 2016. Its currently trading at $0.5 per coin, which means its not a good investment in 2021.

I cant answer that.

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