{"id":576650,"date":"2024-02-24T09:20:52","date_gmt":"2024-02-24T09:20:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=576650"},"modified":"2024-02-24T09:42:01","modified_gmt":"2024-02-24T09:42:01","slug":"analyst-forecasts-40-target-for-chainlink-link","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/chainlink\/analyst-forecasts-40-target-for-chainlink-link\/","title":{"rendered":"Analyst Forecasts $40 Target For Chainlink (LINK)"},"content":{"rendered":"

Chainlink (LINK) continues to remain among the headlines following a negative performance, which saw the token\u2019s price decline by 7.63% in the last week based on data from CoinMarketCap<\/a>. However, despite this discouraging price loss, investors and market experts appear to remain bullish on the altcoin. For instance, popular crypto analyst Micha\u00ebl van de Poppe has recently released a price prediction that states LINK could double its market price in the coming months.
\n<\/span><\/p>\n

Related Reading: Chainlink Open Interest Sitting At Record Levels, What This Means For Price<\/a><\/div>\n

Chainlink (LINK) Poised To Notch 122% Gains, Analyst Says<\/strong><\/h2>\n

In a Friday post on X,<\/a> Micha\u00ebl van de Poppe presented a bullish case for Chainlink using the LINK\/BTC 3-day chart. The analyst began his prediction by noting LINK\u2019s positive stint<\/a> in the first two weeks of February, during which the token rose by 32.77% to trade above the $20 price mark.<\/span><\/p>\n

\n

#Chainlink<\/a> had another leg upwards in their $BTC<\/a> pair towards the crucial resistance.<\/p>\n

Failed to break out.<\/p>\n

It’s looking for a higher low & support and then a reversal towards 4500 sats again.<\/p>\n

I think $LINK<\/a> is likely to run to $30-40 in the coming months. pic.twitter.com\/HtwHogdvsJ<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) February 23, 2024<\/a><\/p><\/blockquote>\n

However, despite this impressive price gain, the prominent altcoin failed to breach a crucial resistance zone at 0.00480 BTC, thus failing to initiate a breakout. Following this event, van de Poppe believes that Chainlink is now seeking a higher low to serve as its support level.\u00a0 <\/span>For context, a higher low In technical analysis refers to a pattern on a price chart in which a successive low point in a trend is higher than the previous low point. It is usually interpreted as a bullish signal indicating a potential trend reversal or continuation of an upward trend.<\/span>\"Chainlink\"<\/p>\n

Source: X<\/a><\/span><\/pre>\n
After successfully finding its higher low, van de Poppe anticipates LINK to experience a price reversal, gaining by 4,500 satoshis, which is currently valued at $2.29 at the current Bitcoin price<\/a> of $50,761. Thus, Chainlink could soon return above the $20 mark. Furthermore, the analyst believes this price gain could lead to LINK finally initiating a breakout, hitting a price in the range of $30-$40 within the next few months. If this prediction proves true, the altcoin could experience a potential maximum gain of 122.71% on its present market price.
\n<\/span><\/p>\n
Related Reading: Bitcoin Bullish Outlook: Analyst Predicts Near-Term Surge To $61,000<\/a><\/div>\n
LINK Price Overview<\/strong><\/h2>\n
At press time, Chainlink continues to exchange hands at $17.96 with a 0.11% gain in the last day. Meanwhile, the token\u2019s daily trading volume has experienced a slight decline of 0.70% and is now valued at $426.65 million. Based on market shares, Chainlink is ranked as the 12th largest cryptocurrency with a total market cap value of $10.55 billion.<\/span><\/p>\n
 \"Chainlink\"<\/span><\/p>\n
LINK trading at $17.944 on the daily chart | Source: LINKUSDT chart on Tradingview.com<\/a>\r\n<\/span><\/pre>\n
Featured image from Economic Times, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"
Chainlink (LINK) continues to remain among the headlines following a negative performance, which saw the token\u2019s price decline by 7.63% in the last week based on data from CoinMarketCap. However, despite this discouraging price loss, investors and market experts appear to remain bullish on the altcoin. For instance, popular crypto analyst Micha\u00ebl van de Poppe has recently released a price prediction that states LINK could double its market price in the coming months. Related Reading: Chainlink Open Interest Sitting At Record Levels, What This Means For Price Chainlink (LINK) Poised To Notch 122% Gains, Analyst Says In a Friday post on X, Micha\u00ebl van de Poppe presented a bullish case for Chainlink using the LINK\/BTC 3-day chart. The analyst began his prediction by noting LINK\u2019s positive stint in the first two weeks of February, during which the token rose by 32.77% to trade above the $20 price mark. #Chainlink had another leg upwards in their $BTC pair towards the crucial resistance. Failed to break out. It’s looking for a higher low & support and then a reversal towards 4500 sats again. I think $LINK is likely to run to $30-40 in the coming months. pic.twitter.com\/HtwHogdvsJ \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) February 23, 2024 However, despite this impressive price gain, the prominent altcoin failed to breach a crucial resistance zone at 0.00480 BTC, thus failing to initiate a breakout. Following this event, van de Poppe believes that Chainlink is now seeking a higher low to serve as its support level.\u00a0 For context, a higher low In technical analysis refers to a pattern on a price chart in which a successive low point in a trend is higher than the previous low point. It is usually interpreted as a bullish signal indicating a potential trend reversal or continuation of an upward trend. Source: X After successfully finding its higher low, van de Poppe anticipates LINK to experience a price reversal, gaining by 4,500 satoshis, which is currently valued at $2.29 at the current Bitcoin price of $50,761. Thus, Chainlink could soon return above the $20 mark. Furthermore, the analyst believes this price gain could lead to LINK finally initiating a breakout, hitting a price in the range of $30-$40 within the next few months. If this prediction proves true, the altcoin could experience a potential maximum gain of 122.71% on its present market price. Related Reading: Bitcoin Bullish Outlook: Analyst Predicts Near-Term Surge To $61,000 LINK Price Overview At press time, Chainlink continues to exchange hands at $17.96 with a 0.11% gain in the last day. Meanwhile, the token\u2019s daily trading volume has experienced a slight decline of 0.70% and is now valued at $426.65 million. Based on market shares, Chainlink is ranked as the 12th largest cryptocurrency with a total market cap value of $10.55 billion. LINK trading at $17.944 on the daily chart | Source: LINKUSDT chart on Tradingview.com Featured image from Economic Times, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":576653,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83381],"tags":[16295,88097,16097,75940,79480,83725,10709],"class_list":["post-576650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chainlink","tag-chainlink","tag-chainlink-bullish","tag-link","tag-linkusd","tag-linkusdt","tag-michaal-van-de-poppe","tag-price-prediction"],"acf":[],"yoast_head":"\nAnalyst Forecasts $40 Target For Chainlink (LINK)<\/title>\n<meta name=\"description\" content=\"Analyst Micha\u00ebl van de Poppe has recently predicted that Chainlink could double its market price in the coming months.\u00a0\" 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.","sameAs":["https:\/\/www.linkedin.com\/in\/semilore-faleti-7a9046218","https:\/\/x.com\/https:\/\/twitter.com\/SemiloreFaleti"],"url":"https:\/\/ktsl888.com\/author\/semilorefaleti\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Forecasts $40 Target For Chainlink (LINK)","url":"http:\/\/ktsl888.com\/news\/chainlink\/analyst-forecasts-40-target-for-chainlink-link\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/chainlink\/analyst-forecasts-40-target-for-chainlink-link\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/positive-trend.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/positive-trend.jpg?fit=1000%2C640"},"articleSection":"Chainlink","author":[{"@type":"Person","name":"Semilore Faleti"}],"creator":["Semilore Faleti"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["chainlink","chainlink bullish","link","linkusd","linkusdt","michaal van de poppe","price prediction"],"dateCreated":"2024-02-24T09:20:52Z","datePublished":"2024-02-24T09:20:52Z","dateModified":"2024-02-24T09:42:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Forecasts $40 Target For Chainlink (LINK)\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/chainlink\\\/analyst-forecasts-40-target-for-chainlink-link\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/chainlink\\\/analyst-forecasts-40-target-for-chainlink-link\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/positive-trend.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/positive-trend.jpg?fit=1000%2C640\"},\"articleSection\":\"Chainlink\",\"author\":[{\"@type\":\"Person\",\"name\":\"Semilore Faleti\"}],\"creator\":[\"Semilore Faleti\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"chainlink\",\"chainlink bullish\",\"link\",\"linkusd\",\"linkusdt\",\"michaal van de poppe\",\"price prediction\"],\"dateCreated\":\"2024-02-24T09:20:52Z\",\"datePublished\":\"2024-02-24T09:20:52Z\",\"dateModified\":\"2024-02-24T09:42:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/02\/positive-trend.jpg?fit=1000%2C640","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/576650"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/581"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=576650"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/576650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/576653"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=576650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=576650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=576650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}