Chainlink Forecast – Price could rise by 100% at any moment!

The Chainlink price is currently at a support that contributes to the sideways phase. This is around $15. The price has been able to briefly break the support in the last two months, which we can see from the wicks. However, the course was able to stabilize above the support at any time and also close above it. Since price sees this level as support, we anticipate that price will next move up to the next major resistance. This resistance is located around $37. Thus, the price could rise by over 100% in the next few months to continue the sideways phase between $15 and $37. After hitting the resistance, Chainlink price might decline again and eventually retest the $15 support.

If we look at the Chainlink-Ethereum pair, we can see that the price is currently in a free fall. Thus, Ethereum has clearly outperformed the Chainlink course in recent months. However, the price soon reaches a support zone. This is between 0.003Ξ and 0.00375Ξ. Thus, the Chainlink price against Ethereum could fall by a further 30% before the trend reverses. With the help of this trend reversal, Chainlink could outperform the Ethereum course.

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