Chainlink Reverses 28% Drop: Can LINK Target $18?
The cryptocurrency market, much like Wall Street, has already struggled mightily in March. Monday only reinforced that, with a host of assets struggling to get back on their feet. However, Chainlink (LINK) has reversed its recent 28% drop Tuesday, with LINK looking to target $18 in the near term.
The token entered the year as an asset with tremendous potential to surge throughout 2025. However, it has failed to do that so far. The asset is down versus its price in March of 2024 but is still eyeing a bullish increase at some point this year. Could that turnaround be closing in now?
Also Read: Chainlink (LINK) Leads Market Recovery, Rebounds 25%
Chainlink Finds Footing As It Eyes 46% Upside
Entering the year, there was reason to be excited for the growth of Chainlink. It was set to play a massive role in the ongoing tokenization shift. Moreover, it was expected to benefit from the ongoing cryptocurrency shift that took place in the United States.
That policy overhaul has already begun to take shape. However, its impact has been stifled by the presence of increased geopolitical uncertainty and concern. With aggressive economic policy abounding, there is worry for any investment in the country at the moment. However, things may be beginning to change. Indeed, Chainlink has reversed its recent 28% drop and could be on its way to targeting $18.
Also Read: Chainlink (LINK) Price: Is It’s 15% Surge The Start of a New Rally?
Over the last 24 hours, Chainlink has increased by 3.68%, according to CoinMarketCap. That reversed a harrowing trend that saw it down more than 28% in the last 30 days and trading at $13.39. Moreover, the asset is down more than 37% from this point last year.
However, it is not expected to stay that way. According to the cryptocurrency price prediction platform CoinCodex, LINK will continue that recovery. Specifically, they project the asset to reach a monthly high of $14. That would just be setting the stage, as they project it to reach highs of $19 in April, up 46% from its current position. Ultimately, they expect the asset to follow that up with an increase to $18.73 a month later, up 40% from where it stands now.
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Chainlink Reverses 28% Drop: Can LINK Target $18?
The cryptocurrency market, much like Wall Street, has already struggled mightily in March. Monday only reinforced that, with a host of assets struggling to get back on their feet. However, Chainlink (LINK) has reversed its recent 28% drop Tuesday, with LINK looking to target $18 in the near term.
The token entered the year as an asset with tremendous potential to surge throughout 2025. However, it has failed to do that so far. The asset is down versus its price in March of 2024 but is still eyeing a bullish increase at some point this year. Could that turnaround be closing in now?
Also Read: Chainlink (LINK) Leads Market Recovery, Rebounds 25%
Chainlink Finds Footing As It Eyes 46% Upside
Entering the year, there was reason to be excited for the growth of Chainlink. It was set to play a massive role in the ongoing tokenization shift. Moreover, it was expected to benefit from the ongoing cryptocurrency shift that took place in the United States.
That policy overhaul has already begun to take shape. However, its impact has been stifled by the presence of increased geopolitical uncertainty and concern. With aggressive economic policy abounding, there is worry for any investment in the country at the moment. However, things may be beginning to change. Indeed, Chainlink has reversed its recent 28% drop and could be on its way to targeting $18.
Also Read: Chainlink (LINK) Price: Is It’s 15% Surge The Start of a New Rally?
Over the last 24 hours, Chainlink has increased by 3.68%, according to CoinMarketCap. That reversed a harrowing trend that saw it down more than 28% in the last 30 days and trading at $13.39. Moreover, the asset is down more than 37% from this point last year.
However, it is not expected to stay that way. According to the cryptocurrency price prediction platform CoinCodex, LINK will continue that recovery. Specifically, they project the asset to reach a monthly high of $14. That would just be setting the stage, as they project it to reach highs of $19 in April, up 46% from its current position. Ultimately, they expect the asset to follow that up with an increase to $18.73 a month later, up 40% from where it stands now.
Read More