Chainlink Forecast – How Low Can Chainlink Fall in 2022?

Chainlink price broke the support around $7.10. After this was broken, the price has found support around $6.20. The price has not closed below $6.20 in weeks, so we again expect the price to hold this support. As a result, the Chainlink price could rise slightly in the short term. We expect the price to target the $7.10 resistance next to continue the current sideways phase. Sooner or later, Chainlink price will decide a direction by breaking either the $7.10 resistance or the $6.20 support. A break of support is more likely, hence we expect a bearish breakout.

Overall, we assume that the Chainlink course will continue the "crash". This is another reason why we expect a bearish breakout from the sideways phase. We expect the Chainlink price to target the next major support in 2022 or early 2023. This is around $2. A further price loss of $4 is therefore possible and cannot be ruled out. Even if the Chainlink price has already fallen by 90%.

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