For now, traders are focused on a break past $17.50 towards $20. Further positive momentum could signal an upside for Chainlink and crypto markets in general, according to analysts.
Chainlink’s LINK token continues pushing towards key resistance after briefly tagging a new yearly high on Wednesday. The Oracle crypto surged to $17.67, marking its best level since June 2022, according to crypto trader David. Can Chainlink LINK breakout and go as high as $25?
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The recent pump comes as crypto markets flip bullish to start 2023 on firmer footing. Bitcoin is eyeing a return above $43,000 while Ethereum continues marching towards the $2,500 threshold. Crypto analysts broadly view the next few months as crucial in determining whether digital assets have indeed bottomed out.
Will LINK hit $25 soon?
Cryptocurrency experts at Changelly have given their price predictions for Chainlink for January 2024. According to the analysts, LINK is forecast to reach a minimum of $16.20 and a maximum of $21.13. The average price of LINK is expected to reach $18.67.
However, according to the prediction, Chainlink’s LINK is likely to hit $25 in July 2025. LINK has demonstrated notable performance throughout this year, positioning itself as one of the top-performing assets. LINK has surged 198% year-to-date, according to the latest data.
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For now, traders are focused on a break past $17.50 towards $20. Further positive momentum could signal an upside for Chainlink and crypto markets in general, according to analysts.
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