LINK Price Prediction November 2024: Will LINK Hit $15.52 Soon?

LINK price is expected to rise by 9.61% in the next 5 days according to our Chainlink price prediction is trading at $ 14.18 after gaining 7.97%

After gaining 7.97% in the last 24 hours, Chainlink (LINK) is trading at $14.18. This outperformed the cryptocurrency market, as the total crypto market cap increased by 6.14% in the same time period. Against BTC, LINK recorded a 3.95% gain today.

Our Chainlink price prediction is that LINK will reach $15.52 by Nov 21, 2024. This would represent a 9.61% price increase for LINK in the next 5 days.

Buy/Sell Chainlink

What has been going on with Chainlink in the last 30 daysChainlink has been displaying a positive trend recently, as the coin gained 25.96% in the last 30-days. The medium-term trend for Chainlink has been bullish, with LINK increasing by 40.40% in the last 3 months. The long-term picture for Chainlink is also positive, as LINK is currently displaying a 1.41% 1-year price change. On this day last year, LINK was trading at $13.98.

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 at $22.31, while the cycle low is at $4.96. LINK has been displaying low volatility recently – the 1-month volatility of the coin is at 9.25. Chainlink recorded 17 green days in the last 30 days.

Chainlink technical analysis for today - Nov 16, 2024The 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 $13.09, $12.36 and $11.96, while $14.23, $14.62 and $15.36 are the key resistance levels.

Bullish sentiment for Chainlink26 indicators are currently signaling a bullish prediction for Chainlink, while 3 indicators are showing a bearish forecast. With 90% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Chainlink.

Crypto market is currently experiencing Extreme GreedCurrently, the Fear & Greed index is at 86 (Extreme Greed), which signals that investors have a positive 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 & oscillatorsLet’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 60.57, 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 that’s 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 predictionAfter considering the above factors, we can conclude that the current forecast for Chainlink price prediction is Bullish. LINK would have to increase by 9.61% to hit our $15.52 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.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice.