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Chainlink Breaks Yearly Highs; Will LINK Hit $25 Soon?

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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.

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?

Also read: VeChain New Year Price Prediction: How High Can VET Go?

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.

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.

Also read: Dogecoin New Year Price Prediction: How High Can DOGE Go?

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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