1. Price trend analysis for the next 24 hours (Future)
As of the morning of April 29, 2025, LINK (Chainlink) is trading around $15.04, up 3.08% in the last 24 hours.
Technical signals:
Resistance: $15.50 – $16.00
Support: $14.50 – $14.70
RSI: Currently around 60, indicating that the upward momentum is being reinforced but is not yet in the overbought territory.
Future trading strategy:
Long Scenario: Prefer Long if LINK slightly retraces to the support area of $14.50 – $14.70, expecting the upward movement to continue towards the resistance area of $15.50 – $16.00.
Short Scenario: If LINK cannot break through the resistance of $16.00 and a reversal signal appears, a Short position may be opened with a target of $14.50.
2. Long-term investment strategy
Chainlink is one of the pioneering platforms connecting smart contracts with off-chain data. In this role, LINK has great potential in the DeFi ecosystem and other blockchain applications.
Long-term strategy
Accumulation: Gradually buy LINK at strong support price areas, especially if there is a pullback below $14.70.
Holding: LINK could reach higher price levels in the future, especially as smart contracts and DeFi continue to evolve. The long-term target could be between $20 – $25 in the next 12–18 months.
3. Highlights from the last 24 hours
Chainlink announces new partners in the insurance industry: Chainlink has just partnered with major insurance companies to bring offline data into smart contracts.
Chainlink continues to expand in the NFT field: The company is developing solutions for securing and verifying information in NFT transactions.
In summary
Future trading: Prefer to look for Long if there is a slight adjustment.
Long-term investment: LINK remains a good choice for investors with a long-term vision as DeFi and blockchain continue to evolve.