Analyst Forecasts $40 Target For Chainlink (LINK)

Name	Symbol	Market	Market Cap ($)	Algorithm
ChainLink Token	LINKUSD	Crypto	8,278,109,595	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

ChainLink Token

LINKUSD

Crypto

8,278,109,595

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.350	-2.42%	14.13	14.13	14.13

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.350

-2.42%

14.13

High Price	Low Price	Open Price	Prev. Close	52 Week Range
14.52	13.89	14.50	14.48	4.74 - 22.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

14.52

13.89

14.50

14.48

4.74 - 22.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:12:45	0.980000	14.13	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:12:45

0.980000

14.13

USD

Price x Volume	Volume	Base Symbol	Related Pairs
8,038,067.21	569,258.02	LINK	LINKEUR	LINKGBP	LINKBTC

Price x Volume

Volume

Base Symbol

Related Pairs

8,038,067.21

569,258.02

Analyst Forecasts $40 Target For Chainlink (LINK)

24/02/2024 9:20am

NEWSBTC

Chainlink (LINK) continues to remain among the headlines following a negative performance, which saw the token’s price decline by 7.63% in the last week based on data from CoinMarketCap. However, despite this discouraging price loss, investors and market experts appear to remain bullish on the altcoin. For instance, popular crypto analyst Michaël van de Poppe has recently released a price prediction that states LINK could double its market price in the coming months. Related Reading: Chainlink Open Interest Sitting At Record Levels, What This Means For Price Chainlink (LINK) Poised To Notch 122% Gains, Analyst Says In a Friday post on X, Michaël van de Poppe presented a bullish case for Chainlink using the LINK/BTC 3-day chart. The analyst began his prediction by noting LINK’s positive stint in the first two weeks of February, during which the token rose by 32.77% to trade above the $20 price mark. #Chainlink had another leg upwards in their $BTC pair towards the crucial resistance. Failed to break out. It’s looking for a higher low & support and then a reversal towards 4500 sats again. I think $LINK is likely to run to $30-40 in the coming months. pic.twitter.com/HtwHogdvsJ — Michaël van de Poppe (@CryptoMichNL) February 23, 2024 However, despite this impressive price gain, the prominent altcoin failed to breach a crucial resistance zone at 0.00480 BTC, thus failing to initiate a breakout. Following this event, van de Poppe believes that Chainlink is now seeking a higher low to serve as its support level. For context, a higher low In technical analysis refers to a pattern on a price chart in which a successive low point in a trend is higher than the previous low point. It is usually interpreted as a bullish signal indicating a potential trend reversal or continuation of an upward trend. Source: X After successfully finding its higher low, van de Poppe anticipates LINK to experience a price reversal, gaining by 4,500 satoshis, which is currently valued at $2.29 at the current Bitcoin price of $50,761. Thus, Chainlink could soon return above the $20 mark. Furthermore, the analyst believes this price gain could lead to LINK finally initiating a breakout, hitting a price in the range of $30-$40 within the next few months. If this prediction proves true, the altcoin could experience a potential maximum gain of 122.71% on its present market price. Related Reading: Bitcoin Bullish Outlook: Analyst Predicts Near-Term Surge To $61,000 LINK Price Overview At press time, Chainlink continues to exchange hands at $17.96 with a 0.11% gain in the last day. Meanwhile, the token’s daily trading volume has experienced a slight decline of 0.70% and is now valued at $426.65 million. Based on market shares, Chainlink is ranked as the 12th largest cryptocurrency with a total market cap value of $10.55 billion. LINK trading at $17.944 on the daily chart | Source: LINKUSDT chart on Tradingview.com Featured image from Economic Times, chart from Tradingview

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LINKUSD ChainLink Token