Chainlink Price Hits $30 For The First Time Since 2022

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	59,091,824,902	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

59,091,824,902

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.00165	-0.41%	0.40451	0.40454	0.40455

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.00165

-0.41%

0.40451

0.40454

0.40455

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.41499	0.40252	0.40548	0.40616	0.074194 - 0.484640

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.41499

0.40252

0.40548

0.40616

0.074194 - 0.484640

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:01:42	364.20	0.40451	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

08:01:42

364.20

0.40451

USD

Price x Volume	Volume	Base Symbol	Related Pairs
71,036,622.56	174,398,013.95	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

71,036,622.56

174,398,013.95

Chainlink Price Hits $30 For The First Time Since 2022 — What Next?

15/12/2024 5:00am

NEWSBTC

The Chainlink price has been on quite a run in the past few months, but so has the entire cryptocurrency market. While the general market has somewhat cooled off in recent weeks, the price of LINK has continued to impress at the end of the year. As it looks to reclaim its current all-time high, the Chainlink price has returned to around the $30 mark for the first time in more than two years. According to a prominent analyst on the social media platform X, the altcoin’s rally is only just beginning, with a new price target already in sight. How Chainlink Price Can Move Up To $34 In a recent post on the X platform, popular crypto pundit Ali Martinez shared an interesting prognosis for the price of Chainlink over the next couple of days. The analyst explained that LINK’s current price layout suggests a bullish breakout might be on the horizon for the altcoin. Related Reading: XRP Price In Motion: Analyst Reveals The Next Major Supports And Resistances This bullish prediction is based on the formation of an ascending triangle pattern on the 1-hour timeframe of the LINK price chart. The ascending triangle is a chart pattern used in technical analysis that is characterized by a horizontal line connecting the swing highs and a rising trendline along the swing lows. Typically, ascending triangles are regarded as continuation patterns, as the price often breaks out in the same direction as the initial trend forming the triangle. While a break out of the horizontal line is the most likely scenario, a breach of the trend line is also possible. As observed in the highlighted chart, the Chainlink price has been hovering around the upper horizontal line, just above the $30 level. According to Martinez, if the price of LINK does break this upper line, an hourly candlestick needs to close above the $30.4 mark, for it to be considered a successful breach. The crypto analyst noted that if the Chainlink price does successfully break above the upper horizontal line, it could travel as high as $34 in the next couple of days. This would represent a 15% surge from the altcoin’s current price point. LINK Price Overview As of this writing, the Chainlink token is valued at around $29.25, reflecting an almost 5% price increase in the past 24 hours. The altcoin’s performance on broader timeframes is even more impressive, surging by over 17% in the past week. Related Reading: Bull Flag Formation Puts Dogecoin Price As High As $2.15 This Cycle According to data from CoinGecko, the LINK price has skyrocketed by more than 120% in the past 30 days. This places the coin as the 13th-largest cryptocurrency in the digital asset sector, with a market capitalization of over $18.3 billion. Featured image from Unsplash, chart from TradingView

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DOGEUSD Dogecoin