Chainlink Price Prediction Analysis - for the next week
According to our current analysis, Chainlink (LINK) is projected to rise by 233.89%, reaching $63.34 by the end of 2026. The overall sentiment is bullish, despite the Fear & Greed Index indicating extreme fear at 31.63. Current indicators suggest it is a good time to buy Chainlink.
As of June 6, 2024, most technical analysis indicators are bullish, although some show bearish signals. Over the past 30 days, Chainlink has increased by 19.85%, indicating a potential slight recovery in the upcoming month. By the end of June, the price is expected to rise by 113.41% to approximately $37.07.
Currently, Chainlink is trading below its 200-day simple moving average (SMA), which has shown a buying signal for the last 326 days. The price is also below the 50-day SMA, which indicates a buy signal as well. Predictions suggest the 200-day SMA will soon drop, with the price hitting $16.46 by the end of December. By the end of 2024, the 50-day SMA points to a price of $15.33.
The Relative Strength Index (RSI), a momentum oscillator that indicates whether a cryptocurrency is oversold (below 30) or overbought (above 70), is currently at a neutral value.
For the next week, the Chainlink price prediction ranges between $17.81 and $20.98. If it reaches the upper target, the price will increase by 17.82% to $20.98 by June 17, 2024.
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