Will Chainlink (LINK) recover soon? Here’s a prediction of the price increase in March 2025

Jakarta, Pintu News – Chainlink LINK4.23%->Current LINK PriceRp 220.6014.23%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 seems to be gaining momentum after having a less than encouraging month in the cryptocurrency market in February. Now, LINK’s price is showing recovery with a 6% gain on Tuesday, trading above $13.50.

This rise comes after US President, Donald Trump, announced plans for the country’s first crypto reserve. Although LINK was not specifically mentioned, the president stated that the reserve would include “other valuable cryptocurrencies”.

Market Optimism for Chainlink (LINK)

On Tuesday, Chainlink’s (LINK) Long/Short ratio showed the dominance of buyers, indicating a bullish sentiment in the market. The bulls pushed the price up by buying in bulk.

This sentiment suggests that bulls feel confident that a deeper drop is unlikely despite the brief price drawdown at the end of last week. This is also evident from Chainlink’s (LINK) trading volume which increased 28% in the last 24 hours to $878.52 million.

Also Read: Bitcoin’s RSI Dominance Down? Crypto Analyst Seth Says Altcoin Market Opportunities Await!

Chainlink (LINK) Price Increase Prediction

According to Coinglass, Chainlink’s Long/Short ratio (LINK), which measures investor sentiment in the market, has risen to 1.38. This ratio compares the number of short sellers (bears) to long buyers (bulls). A ratio below 1 indicates a predominance of short positions, and most traders expect prices to decline.

Conversely, readings above 1 indicate long dominance. Therefore, there is strong optimism that LINK will try to reclaim the $14 price in the next few days, and possibly higher after March ends.

Technology Integration and Potential Price Increases

Along with the arrival of spring in the US, altcoin season may also be coming. From now until May, experts project the crypto market will begin a steady rise, led by altcoins such as Ripple XRP3.96%->Current XRP PriceRp 37.7783.96%Market CapRp 2.308 TriliunTrading VolumeRp 262,59 TriliunCirculating SupplyRp 57,18 Miliar, Chainlink (LINK), and others. This momentum will probably be fueled by the increasing belief that these coins will be involved in a potential crypto reserve held by the US Government.

Nicu, a crypto trader, shared on X (formerly Twitter) that insiders believe that Chainlink’s Proof of Reserves is being integrated into the strategic reserve. This integration will increase transparency and security for the US reserves. Chainlink’s blockchain verification technology is a leader in this technology sector. Integration into the national reserve would be a significant milestone and could send the LINK cryptocurrency soaring.

Conclusion

Cryptocurrency price predictor CoinCodex predicts Chainlink (LINK) will reach above $14 by the end of March, with a high of $14.10. The site suggests that if someone invested $1,000.00 in Chainlink today and held it until May 10, 2025, they could see a potential profit of $424.95, reflecting an ROI of 42.49% over the next 59 days (fees are not included in this estimate).

Also Read: Will ETH Fall Below $1,500 Before the Market Recovers? Here’s the Price Pattern Analysis! (3/13/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Watcher Guru. Chainlink Recovery Incoming, Link Looks to Retake $14 in March. Accessed on March 13, 2025
• Featured Image: Bitcoinist