Chainlink price forms risky pattern but expert predicts a rebound in 2025

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As an analyst with over two decades of experience in the financial markets and a keen interest in the crypto space, I find myself intrigued by the current state of Chainlink (LINK). The recent downturn in its price is certainly not unique to LINK, as we’ve seen similar trends across the board. However, it’s the long-term outlook that catches my attention.

Michael van de Poppe, a respected name in the crypto community, has expressed his optimism for LINK’s future. His prediction of significant upside for LINK in 2025 is indeed enticing, especially considering his impressive track record. It’s not every day we see such bullish calls from a top analyst.

However, before we get too excited, it’s essential to remember that the crypto market can be as unpredictable as a game of chance. As I often say, “The market can stay irrational longer than you can stay solvent.” In this case, the current head and shoulders pattern on the four-hour chart suggests potential downside risks in the short term.

That said, it’s important to keep an eye on the fundamental strengths of LINK. Its role as a key player in oracle solutions, DeFi networks, and asset tokenization is undeniable. The recent launch of the Cross-Chain Token Standard further solidifies its position in the market.

So, while we might see some volatility in the near future, I’m cautiously optimistic about LINK’s prospects for 2025. After all, as Mark Twain once said, “The secret of fortune is to juggle risks.” In this case, it seems LINK is worth the risk.

And finally, a little humor to lighten things up: “I never take gambling lightly; I consider it a tax on laziness.” So let’s hope that our investment in LINK isn’t just a game of chance, but a smart move for our financial future!

Over the last fortnight, the value of Chainlink has experienced a significant downturn, yet a leading cryptocurrency expert anticipates its worth to escalate by 2025.

On December 30th, Chainlink (LINK) fell to $20.25, representing a 35% drop from its peak this year. This fall coincided with Bitcoin and other digital currencies, which have collectively lost billions of dollars in value during the past month.

In a recent post on X, cryptocurrency expert Michael van de Poppe with more than 748,000 followers expressed his viewpoint. He stated that Chainlink’s upward trend is just starting, suggesting the coin is currently seeking new lower price points as part of its strategy before continuing to rise. Additionally, he pointed out that Chainlink’s value relative to Bitcoin remains relatively low at this time.

As a seasoned crypto investor with over a decade of experience in this rapidly evolving market, I have witnessed numerous trends come and go. However, I am particularly optimistic about Chainlink (LINK) in the long term. Currently, we are seeing an uptrend, but it’s still searching for a higher low. Despite its current undervalued position against Bitcoin, I believe that LINK has immense potential.

With my extensive knowledge of the crypto market and a keen eye for promising projects, I am confident in predicting substantial growth for Chainlink over the next decade. In 2025, I anticipate that we will see significant upside from LINK, making it an attractive investment opportunity for those who are willing to take a long-term view on this innovative project.

— Michaël van de Poppe (@CryptoMichNL) December 30, 2024

Donald Trump’s World Liberty Financial has opted for Chainlink, choosing their oracle services. Additionally, they bought approximately $2 million worth of LINK tokens today.

Chainlink remains essential within the cryptocurrency sphere, supplying oracles for significant DeFi platforms such as Aave and Compound. Furthermore, it has gained significance in the Real-World Asset tokenization field by means of its Cross-Chain Interoperability Protocol.

Furthermore, Chainlink has introduced the Cross-Chain Token Interoperability Standard, a self-governing structure designed for seamless asset transfer. Notably, it has incorporated well-known tokens like Shiba Inu and Floki within its system.

On Monday, Chainlink disclosed that their network has handled more than 18.2 trillion dollars worth of transactions since 2022. Additionally, they have sent 15.7 billion verified on-chain messages and formed collaborations with companies such as Vontobel and UBS.

Chainlink’s dominance in 2024 ↓

— Chainlink (@chainlink) December 30, 2024

Chainlink price could go through volatility

As a researcher, I’ve observed that the price of LINK hit its peak at $31.045 earlier this month, marking the start of a steady decline. Currently, it has reached the 50% Fibonacci Retracement level and dropped below the 50-period Exponential Moving Average, signaling a potential bearish trend.

Notably, the price of Chainlink has taken shape as a head and shoulders chart pattern, which is typically a sign of an impending reversal. At present, the price sits at the level of the neckline in this H&S structure. In the past, such a configuration frequently indicates subsequent downward price action.

Consequently, the value of the coin might persist in falling, as sellers aim for the upcoming significant support at $18, which is a 61.8% Fibonacci retracement point. Dropping below this point could potentially drive LINK towards the psychological support level of $15.

As Chainlink looks optimistic for 2025, its progress will strongly reflect the general trend of the cryptocurrency market.

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2024-12-30 18:50