The value of Hassiier value for 2023 is $ 9.521 to $ 19.502. The launched price may also reach $ 30 soon. The highest price of Bearish LINK in 2023 is 5.47 US dollars. In the Chainlink (LINK) 2023 price forecast, we use statistics, price patterns, RSI, RVOL, and other information about LINK to analyze the future movements of the cryptocurrency.
What is Chainlink (LINK)?
LINK is the native cryptocurrency of the Chainlink network. It was introduced as an ERC-20 token in September 2017. Chainlink is an open-source Oracle network that integrates blockchain data with smart contracts and blockchain. Oracle Networks often acts as a real-world data aggregator and provider for the blockchain ecosystem.
Chainlink gateways are responsible for providing this off-chain data. Notably, Chainlink works on a Proof of Stake (PoS) system.
LINK tokens are sent as a reward to the nodes that provide the data. In addition, operators contribute these tokens to participate in the mining protocol.
Chainlink (LINK) Price Forecast 2023
LINK currently holds the 25th position on CoinGecko. The LINK 2023 price forecast is explained below along with the daily schedule.
The chart above by LINK shows a vertical channel pattern, also known as a lateral trend. In total, levels and price value can be shaped. In this model, higher lines, straps that connect the top and lower row, the line connects the socks, working similar to the price of the price. In addition, horizontal channels are often seen as one of the most appropriate patterns to time markets as buying and selling positions converge.
Currently, LINK is in the range of $6.18. If the trend continues, the price of LINK can reach the stop levels of $6.585, $7.834 and $11.089. If the behavior changes, the price of LINK may fall to $5.535.
LINK Support and Prevention Level
The chart below shows support and breakout levels for LINK.
From the daily time above, we can clearly define these as the stop and support of Chainlink (LINK). This chart shows that Chainlink (LINK) has been developing over the past month. If this trend continues, LINK may follow the bulls breaking above its stop at $19.502. As a result, if investors turn against crypto, the price of Chainlink (LINK) may fall to the vicinity of $5.473, a bearish signal.
Chainlink (link) Price Forecast 2023 – RVOL, MA & RSI
The relative volume (RVOL) of Chainlink (LINK) is shown in the table below. It is an indicator of how the current trading volume has changed over time compared to the previous trading volume. Currently, the RVOL of LINK is trading below the decline line, indicating weak participants in the current trend. Also, the Moving Average (MA) of LINK is shown in the chart above.
Currently, LINK is in a bearish state. Obviously, LINK price is trading below 50 MA (short term), so it is completely at the bottom. Therefore, the status of LINK can be changed at any time. Currently, the Relative Strength Index (RSI) of Chainlink (LINK) is 52.98. This means that Chainlink (LINK) is not oversold or perfect. However, this means that big changes in the price of LINK may occur in the coming days. Therefore, customers should shop with caution.
LINK Price Forecast 2023 – ADX, RVI
Now, let’s take a look at the Directional Index (ADX) of LINK. It helps to measure the overall strength of the behavior. The indicator is the average of the values of the spread price range. This method also attempts to measure the strength of price movement in positive and negative directions using the DMI and ADX indicators.
The chart above represents the ADX of Chainlink (LINK). Currently, ADX LINK is in the range of 32.004, thus indicating a strong trend. The chart above also shows Chainlink’s (LINK) Relative Volatility Index (RVI). The RVI measures the constant rate of price change over time. RVI of the link above 50, showing awesome strength. In fact, this disk rSI (link) is 39.65, thus supports the signal you can buy.
Comparison of LINK and BTC, ETH
The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH) and Chainlink (LINK).
From the chart above, we can tell that the price movements of BTC, ETH, and LINK move in a similar fashion. This shows that when the price of BTC increases or decreases, the price of ETH and LINK increases or decreases respectively.
Chainlink (LINK) Price Forecast 2024-2030
Many factors are taken into account when forecasting prices, including volume changes, price changes, market cycles, and similar currencies. Let’s predict the price of Chain