Chainlink Price Prediction: Is the Price Ready to Soar in an Uptrend

Link price Prediction for 2030 is expected to hover around $40.

• The expanding channel pattern breakout positions LINK to navigate market uncertainty.

• Short-term sideways movement is evident, accentuated by the relatively flat 20-and-50-EMAs.

• Over the past two months, Chainlink's price remained in a sideways trend, influenced by Bitcoin ETF launch sentiments.

• On January 8th, a 31% upswing for LINK occurred, triggered by a reversal from the lower pattern trendline, reaching $16.35.

• Despite a recent market sell-off, LINK Price witnessed a 7% upswing.

• According to Coingabbar analysis on the daily chart reveals the development of an inverted head and shoulder pattern.

• A potential buying opportunity may initiate a prolonged recovery, targeting a 15% rise towards the channel pattern resistance at $18.5.

KEY LEVELS :

RESISTANCE LEVEL : $17.50-$19.00

SUPPORT LEVEL : $15.00-$13.50

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.