CHAINLINK PRICE PREDICTION FOR OCTOBER 2024

Chainlink Logo
Credit: CoinMarketCap

What is Chainlink?

Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts.

CHAINLINK PRICE PREDICTION FOR OCTOBER 2024: 

As of September 25, the Chainlink price is trading at $12.35, with a market cap of $7,739,707,302. The technical chart on the weekly time frame shows the LINK price is developing a bullish reversal pattern called the rounding bottom.

This chart setup is commonly interpreted as the bottoming of a downtrend as investors showcase a renewed buying interest. Under the influence of this pattern, the buyers should challenge the All-time high resistance of $53 and give better confirmation of the bull run market.

REALISTIC TARGET FOR CHAINLINK IN OCTOBER 2024:

The Realistic target in October 2024 could be $15.

CONSERVATIVE TARGET FOR CHAINLINK IN OCTOBER 2024:

The Realistic target in October 2024 could be $18.

This is not a Financial advice. Always do your analysis before taking any kind of trade.