Technical Analysis – Chainlink (LINK/USDT)Chainlink has been consolidating for over 3 years inside a large symmetrical triangle on the weekly chart. Now it’s reaching the final stage of the pattern, close to a decisive breakout.
Chart highlights :
Ascending support since 2022, respected multiple times.
Major resistance around $25 – $
Key facts today
Chainlink secures over $59.56 billion in decentralized finance, supporting more than 458 protocols, underscoring its vital role in blockchain infrastructure.
Grayscale's Chainlink Trust ETF may stake LINK assets for extra yield, subject to tax and regulatory rules, and will manage share creations and redemptions in cash like Bitcoin and Ethereum ETFs.
Key stats
About Chainlink
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.
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**Technical Analysis of LINKUSD** LINKUSD is currently engaged **Technical Analysis of LINKUSD**
LINKUSD is currently engaged in intense trading around the critical support level of **$13.20**, which has been a significant psychological and technical threshold tested multiple times recently. The price continues to trade below both the 50-day (approximately **$
Chainlink Is About To Skyrocket To A New All-Time High!I believe Chainlink will blast off here to a new all-time high. We are seeing consistent, steady volume over time. LINK has consistently been in the top 20 coins in 30-day trading volume month after month. This will lead to one of the biggest pumps, if not the biggest pump, Chainlink has ever seen i
Potential patterns in recent LINKUSD movementsSince consolidating/accumulating from late 2024's bullrun, LINK has broken into a bullish pattern (following movements of BTC and ETH). I see a series of demand runs followed by small selloffs/rejections. If the pattern continue, as is likely with ETH retesting $5K, we could see the next leg up to a
LINKUSD rally far from over, targeting $40 at least.Chainlink (LINKUSD) has been trading within a Channel Up since the June 05 2023 Low and in the past 4 months it has been unfolding the 3rd Bullish Leg of this pattern.
With the 1W MACD past a Bullish Cross (which has confirmed it), the previous Bullish Leg was about +30% stronger than the previous.
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👉 24.00 (
Link - Short term targetsI posted my midterm Link targets on my Aug 30th Link chart. These are my shorter term targets. I expect Link to follow Btc up to my Btc targets (see my Sept 2nd Btc chart). Then I expect both assets to retrace. At that point I will be on "lower low watch".
May the trends be with you.
Link - Midterm support and resistance & my take profit targetsRecently, Link has been one of my favorite altcoins to trade. This chart shows my support and resistance levels & my take profits. Until the market reveals its trend duration, I anticipate chop between my support and resistance. But ultimately, these targets represent my ideal entries and exit.
Ma
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of Chainlink (LINK) is 23.246 USD — it has risen 2.43% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing LINK price chart.
The current market capitalization of Chainlink (LINK) is 15.76 B USD. To see this number in a context check out our list of crypto coins ranked by their market caps or see crypto market cap charts.
Chainlink (LINK) trading volume in 24 hours is 964.02 M USD. See how often other coins are traded in this list.
Chainlink price has fallen by −0.79% over the last week, its month performance shows a 15.69% increase, and as for the last year, Chainlink has increased by 124.58%. See more dynamics on LINK price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
Chainlink (LINK) reached its highest price on May 10, 2021 — it amounted to 52.990 USD. Find more insights on the LINK price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Chainlink (LINK) reached the lowest price of 0.126 USD on Sep 23, 2017. View more Chainlink dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The current circulating supply of Chainlink (LINK) is 1.00 B USD. To get a wider picture you can check out our list of coins with the highest circulating supply, as well as the ones with the lowest number of tokens in circulation.
Chainlink has the limit of 1.00 B coins. No matter how the currency evolves, no new coins will be released after this number is reached.
The safest choice when buying LINK is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade LINK right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for Chainlink (LINK): today its technical analysis shows the buy signal, and according to the 1 week rating LINK shows the strong buy signal. And you'd better dig deeper and study 1 month rating too — it's buy. Find inspiration in Chainlink trading ideas and keep track of what's moving crypto markets with our crypto news feed.
Chainlink (LINK) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, Chainlink is estimated as 1.99% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about Chainlink, you can find more inspiration in our curated watchlists.
You can discuss Chainlink (LINK) with other users in our public chats, Minds or in the comments to Ideas.