Today, Chainlink is trading around $8.58 after bouncing back from recent lows around $8.10. The price has returned to the short-term 20- and 50-period EMAs, signaling an improvement in momentum. However, LINK remains below the 200-period EMA around $8.70, which continues to act as structural resistance.
1. Chainlink is trading near the $8.60 mark as the price attempts to recover from an extended corrective trend.
2. According to medium-term forecasts until 2027, LINK will be valued between $30 and $55 if the demand for oracles and tokenization increases.
3. The value of LINK is still closely tied to the use of oracles, participation in staking, and cross-chain data flows, rather than just speculative momentum.$LINK
LINK
8.32
-0.24%