Chainlink Price Poised for Upside in 2025 Amid Crypto Market Decline

Despite a significant reversal in the past two weeks, Chainlink (LINK) price is expected to surge in 2025, according to a top crypto analyst. The coin’s price dropped to $20.25 on Monday, December 30, marking a 35% decline from its highest level this year. This downturn is consistent with the broader crypto market, which has seen billions of dollars in value shed this month.

Analyst Predicts Upside for Chainlink

Michael van de Poppe, a prominent crypto analyst with over 748,000 followers, believes that Chainlink’s uptrend has just begun. In a recent post, he stated:

The uptrend has begun. It’s now searching for a higher low, however, the valuation of Chainlink against Bitcoin is still super low. I expect a lot of upside to come for LINK in 2025.

Van de Poppe’s prediction is based on Chainlink’s relatively low valuation against Bitcoin, which he believes has significant upside potential.

Chainlink’s Growing Adoption

Chainlink continues to play a vital role in the crypto industry, providing oracle solutions to major Decentralized Finance (DeFi) networks like AAVE and Compound. The organization has also become a key player in the Real World Asset tokenization sector through its Cross-Chain Interoperability Protocol.

Additionally, Chainlink recently launched the Cross-Chain Token Standard, a decentralized framework to enable streamlined asset transfers. The network has already integrated popular tokens such as Shiba Inu and Floki.

Chainlink’s Impressive Statistics

According to a recent report, Chainlink’s network has facilitated over $18.2 trillion in transactions since 2022. The network has also executed 15.7 billion verified on-chain messages and forged new partnerships with firms like Vontobel and UBS.

Chainlink Price Volatility Ahead

The four-hour chart shows that the LINK price peaked at $31.045 earlier this month and has since been in a gradual downtrend. The price has moved to the 50% Fibonacci Retracement level and fallen below the 50-period Exponential Moving Average.

Chainlink price has formed a head and shoulders pattern, a common reversal signal. The current price is at the neckline of the H&S chart pattern. Historically, this formation often precedes further downside movement.

As a result, the coin may continue to decline, with sellers targeting the next key support at $18, the 61.8% retracement point. A move below this level could push LINK to the psychological support level at $15.

Tips for Investors

  • Keep an eye on Chainlink’s adoption and partnerships, as they can impact the coin’s price.
  • Monitor the overall crypto market trends, as they can influence Chainlink’s performance.
  • Consider the analyst’s prediction of upside potential in 2025, but also be aware of the potential for short-term volatility.

Stay up-to-date with the latest news and trends in the crypto market by following Global Crypto News.

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