When will Chainlink (LINK) reach $24? Check out the prediction! Here’s LINK’s Technical Analysis!

Jakarta, Pintu News – Chainlink LINK->Current LINK PriceRp 0Market Cap-Trading Volume-Circulating Supply- is currently facing resistance after experiencing a short-term bounce out of a bearish phase. With the current price slightly above $13.50, LINK is down 3% in the last 24 hours. The previous rise came 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”.

LINK Technical Analysis

Although it seems to have reached resistance at $14, Chainlink (LINK) price is showing signs of a potential reversal. The coin formed a hammer candlestick and retested the lower boundary of the rising channel, forming higher lows. This could be an indication that a price reversal may be imminent. If the bullish momentum increases, LINK could rise to $24 in the short term, corresponding to the daily 1,618 Fibonacci retracement level.

However, if the price drops below $13 and stays at that level, further losses towards $10 are likely. With LINK’s high volatility, it is difficult to predict which direction the Chainlink token will take. Price predictions vary for this coin, as the market is still hopeful on the US crypto reserves.

Also Read: Bitcoin Miner Sales Still High, On-Chain Data Reveals Bearish Trend (3/19/25)

Influence of US Crypto Reserves

The market still holds strong bullish hopes with regards to US crypto reserves. Analysts at CoinCodex, however, are leaning bearish. They predict that this is the best performance that LINK will see for the rest of March. According to CoinCodex, by March 31, LINK is expected to return to $13.35, about 5% lower than its current price.

On the other hand, the Chainlink network continues to grow and play a key role in the adoption of Web3 technologies. Recently, the network has attracted attention from major institutional investors, including Donald Trump’s World Liberty Financial (WLFI). Last week, the Chainlink network reported 11 new integrations across four services and 12 different blockchain ecosystems. This expansion highlights its increasing importance in the decentralized finance space.

Future Prospects of LINK

From now until May, experts project that the crypto market will begin a steady rise. Altcoins like Ripple XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Chainlink (LINK), and others are expected to head towards new record highs.

This momentum may be driven by the increasing belief that these coins will be included in a potential crypto reserve held by the US Government. This expectation as well as the latest network updates paint a promising future picture for LINK. Investors are therefore expecting a surge in this altcoin soon.

Conclusion

With all factors considered, the future of Chainlink (LINK) looks bright, despite some uncertainty in the market. With support from major investors and potential integration in the US crypto reserve, LINK might reach its $24 price target sooner than expected.

Also Read: Ethereum (ETH) has the potential to surge sharply, analysts reveal similarities with 2020 trends

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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 (LINK) Price: When Will LINK Reach $24? Accessed on March 20, 2025
• Featured Image: The Block