Comprehensive Technical Analysis of ChainLink (LINK): Weekly and Monthly Charts | by Michael P. Di Fulvio | The Capital | Feb, 2025
As the cryptocurrency market continues to recover and consolidate following significant growth phases, ChainLink (LINK) remains a crucial asset to watch. Its utility in decentralized oracle solutions and smart contract integration positions it uniquely in the blockchain ecosystem. Below, I provide a detailed technical analysis of LINK’s weekly and monthly charts, followed by a price projection for the short term, end of 2025, and further into 2030 and beyond.
On the weekly chart, ChainLink exhibits a consolidation pattern with bullish undertones. Here’s a breakdown of the key observations:
- Moving Averages:
The 21-week simple moving average (SMA) currently acts as strong support for LINK. Historically, assets that maintain trading above the 21-week SMA during bullish cycles have a higher probability of sustained price appreciation. LINK has reclaimed this level in recent weeks, signaling growing strength. - Bollinger Bands:
The Bollinger Bands on the weekly timeframe are beginning to expand after a period of contraction, indicating a potential breakout. LINK’s price is leaning toward the upper band, suggesting bullish momentum. - MACD (Moving Average Convergence Divergence):
The…
