Darius Baruo
Aug 16, 2025 06:54
LINK price prediction points to $24-26 range within 30 days as Chainlink breaks above key resistance levels, though short-term consolidation around $21-22 expected.
LINK Price Prediction: Chainlink Eyes $24-26 Target Despite Recent Pullback
Chainlink’s recent 5% daily decline to $21.66 presents a compelling technical setup for traders seeking the next major price move. Our comprehensive LINK price prediction analysis reveals a mixed but ultimately bullish outlook, with key resistance levels poised to determine whether Chainlink can sustain its impressive run above the 200-day moving average.
LINK Price Prediction Summary
• LINK short-term target (1 week): $22.50-23.50 (+4% to +8%)
• Chainlink medium-term forecast (1 month): $24.00-26.00 range
• Key level to break for bullish continuation: $24.74 (immediate resistance)
• Critical support if bearish: $19.28 (20-day SMA)
Recent Chainlink Price Predictions from Analysts
Recent analyst predictions from DigitalCoinPrice show remarkable consistency, with progressive LINK price targets climbing from $20.23 on August 12th to $21.00 on August 16th. This systematic upward revision of the Chainlink forecast reflects growing technical confidence as LINK has successfully maintained its position above key moving averages.
The consensus among technical analysts points to cautious optimism, with most maintaining medium confidence levels for their predictions. Notably, the $21.00 LINK price target established yesterday has already been surpassed, suggesting momentum may be stronger than initially anticipated. However, the 5% pullback today indicates profit-taking pressure near these elevated levels.
LINK Technical Analysis: Setting Up for Breakout Confirmation
Chainlink technical analysis reveals a cryptocurrency positioned at a critical juncture. The current price of $21.66 sits comfortably above the 20-day SMA at $19.28, while the RSI reading of 60.36 indicates healthy momentum without overbought conditions. The MACD histogram’s positive reading of 0.2542 confirms bullish momentum remains intact despite today’s decline.
The Bollinger Bands analysis shows LINK trading at 0.72 position within the bands, approaching the upper boundary at $24.68. This positioning typically suggests either a breakout attempt or consolidation phase. Given the 24-hour volume of $110.16 million on Binance, institutional interest remains robust enough to support continued upward pressure.
Moving average alignment strongly favors bulls, with LINK trading above all major timeframes: 7-day ($22.37), 20-day ($19.28), 50-day ($17.25), and 200-day ($15.68). This bullish configuration rarely reverses without significant fundamental catalysts.
Chainlink Price Targets: Bull and Bear Scenarios
Bullish Case for LINK
The primary LINK price target of $24.74 represents immediate resistance that, once broken, could trigger rapid advancement toward the $26-28 zone. Technical factors supporting this Chainlink forecast include the sustained position above all moving averages and the MACD’s continued bullish divergence.
A successful break above $24.74 would establish a clear path toward retesting the 52-week high at $29.26, representing 35% upside potential from current levels. Volume confirmation above 150 million daily would validate this bullish thesis.
Bearish Risk for Chainlink
Downside risks center around the $19.28 support level (20-day SMA). A decisive break below this critical support could trigger a retest of $17.25 (50-day SMA), representing 20% downside risk. The daily ATR of $1.51 suggests normal volatility could easily test these support zones.
Bears would target the $15.43 immediate support level, with a worst-case scenario pointing toward $12.73 strong support. However, such a decline would require significant market-wide cryptocurrency weakness.
Should You Buy LINK Now? Entry Strategy
Current technical conditions suggest a layered approach for those wondering whether to buy or sell LINK. Conservative traders should wait for a pullback to the $20.50-21.00 zone, which aligns with the EMA-12 at $21.06 and provides favorable risk-reward positioning.
Aggressive traders can consider entries above $22.00 with tight stop-losses at $20.80, targeting the $24.74 resistance level. This strategy offers a 2:1 risk-reward ratio, acceptable for short-term momentum plays.
Position sizing should remain conservative given cryptocurrency volatility, with stop-losses mandatory below the 20-day SMA at $19.28 for all timeframes longer than intraday trading.
LINK Price Prediction Conclusion
Our comprehensive analysis yields a medium-high confidence LINK price prediction targeting $24-26 within 30 days, contingent on maintaining support above $20.00. The Chainlink forecast remains constructively bullish despite near-term volatility, supported by strong technical indicators and analyst consensus.
Key indicators to monitor include daily volume sustaining above $100 million, RSI remaining between 50-70, and most critically, LINK’s ability to hold the 20-day SMA during any pullbacks. Invalidation of this bullish thesis would require a decisive break below $19.00, triggering a reassessment toward lower targets.
The prediction timeline suggests initial resistance testing within 7-10 days, with the full $24-26 target achievable within the next 20-30 days assuming broader cryptocurrency market stability.
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