LINK price is expected to rise by 12.38% in the next 5 days according to our Chainlink price prediction

is trading at $ 15.09 after losing -3.07% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.50%

Link price is expected to rise by 12.38% in the next 5 days according to our Chainlink price prediction.

is trading at $ 15.09 after losing -3.07% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.50% in the same time period. LINK performed poorly against BTC today and recorded a -1.81% loss against the world’s largest cryptocurrency.

According to our Chainlink price prediction, LINK is expected to reach a price of $ 16.88 by Mar 04, 2025. This would represent a 12.38% price increase for LINK in the next 5 days.

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

Chainlink has been displaying a negative trend recently, as the coin lost -34.36% in the last 30-days. The medium-term trend for Chainlink has been bearish, with LINK dropping by -16.68% in the last 3 months. The long-term picture for Chainlink has been negative, as LINK is currently displaying a -20.83% 1-year price change. On this day last year, LINK was trading at $ 19.06.

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 $ 30.69, while the cycle low is at $ 4.96. LINK has been displaying high volatility recently – the 1-month volatility of the coin is at 13.19. Chainlink recorded 12 green days in the last 30 days.

Chainlink technical analysis for today - Feb 27, 2025

The sentiment in the Chainlink markets is currently Bearish, and the Fear & Greed index is reading Extreme Fear. The most important support levels to watch are $ 14.76, $ 14.31 and $ 13.84, while $ 15.69, $ 16.16 and $ 16.61 are the key resistance levels.

Bearish sentiment for Chainlink

5 indicators are currently signaling a bullish prediction for Chainlink, while 26 indicators are showing a bearish forecast. With 84% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Chainlink.

Crypto market is currently experiencing Extreme Fear

Currently, the Fear & Greed index is at 10 (Extreme Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

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 29.07, suggesting that LINK is currently oversold.

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 above the SMA 50 trendline, which is a bullish signal.

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

The bottom line about this Chainlink prediction

After considering the above factors, we can conclude that the current forecast for Chainlink price prediction is Bearish. LINK would have to increase by 12.38% to hit our $ 16.88 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