Chainlink (LINK) Price Outlook: Forecast for 2024 and Beyond
Altcoins are breaking down at key levels as the market corrects. In particular, Chainlink (LINK) is approaching solid support. Bitcoin’s price drop to $57,000 and the market sentiment turning bearish could push LINK’s price below $10. This raises an important question: “How high will LINK go in 2024?”
LINK Price Prediction
**July 2024**
Currently, the price of LINK is trading sideways around $12, with the bullish trend failing to break through the high of $22. The market correction has caused the altcoin’s price to fall by 30%, with support now at $12. A break below $12 could test the psychological $10 mark and put pressure on the $8 support area. Optimistically, LINK could rise to $15 by the end of this month. Chainlink currently ranks 13th with a market cap of $9.674 billion, 67% below its all-time high of $54.40.
**Second half of 2024**
If LINK price breaks through the key resistance level of $17, it could trigger a bullish breakout and drive the price higher. If it breaks through $20, it could reach a new high of $60. However, if the market sees a correction, the price could retest $20.
**2025 Forecast**
LINK is expected to reach $103.13 in 2025, but could fall to $41.44 if the market crashes. If the application of smart contracts continues to grow, the average price could be around $72.29.
Since the end of 2017, the price of LINK has grown from close to $0.488, and after a drop in 2018, it reached $19.75 at the end of 2021. In 2022, the price fluctuated between $15 and $21.
Although the foundation of on-chain technology and applications is strong, LINK reaching $100 by 2025 still depends on market conditions and technology adoption. Investors should invest cautiously and make decisions based on market volatility and personal risk tolerance.
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