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One of the most notable projects in the cryptocurrency world, Chainlink (LINK), continues to see predictions about its price. LINK recently experienced a significant rise, reaching its highest point in six weeks, around $18. However, LINK faced resistance and subsequently experienced a decline.
What Will Be LINK’s Price?
Currently, LINK is trading 23% lower than its annual high of $22.85 seen in March. It is unclear whether this price drop indicates a correction or a move that opens the door to a new rise. So, what do the frequently mentioned AI algorithms predict about LINK?
AI algorithms have recently become one of the most frequently used prediction tools. When examining LINK’s short-term price movement, AI algorithms predict a rise.
CoinCodex’s algorithms, despite the Greed Index being at 73, presented a positive outlook for Chainlink’s price and highlighted a potential price movement to $20.50 by June 30, following a 15% increase.
Analyst’s LINK Commentary
In addition to this rise expectation, there seems to be positive public sentiment about LINK on social media. Discussions and positive outlooks about Chainlink are frequently mentioned on Reddit.
Additionally, renowned cryptocurrency analyst Michael van de Poppe also made a bullish prediction about LINK. In his analysis, Poppe painted an optimistic picture, suggesting a 300% rise against Bitcoin (BTC) by 2025 and indicating that LINK/BTC could move to a significant breakout point after surpassing $0.000447.
Furthermore, the famous analyst mentioned that LINK could reach $25 or even $30 in the near future, but emphasized the importance of the resistance at $21 first.
As of the time of writing, LINK is trading at $17.70 after a nearly 0.04% rise in the last 24 hours. Last month, LINK saw an approximate 30% increase.
To maintain the prevailing bullish sentiment for LINK, there is a general view that the token’s bulls need to keep the price above $17. This situation is thought to potentially drive the price to higher levels in the future.
