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How High Can Chainlink (LINK) Price Go in May? We Asked AI
By: cryptosheadlines|2025/05/05 17:15:01
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Home » Journal » How High Can Chainlink (LINK) Price Go in May? We Asked AI Chainlink has been trading in a downtrend since January, slipping from the $17 level and forming lower highs for months. Throughout Q1, LINK price struggled to stay above its 50-day moving average and faced repeated rejections at a descending resistance line.That pattern may be starting to shift. In late April, LINK climbed above the 50-day SMA and started consolidating just below the trendline. As of May 5, the token is trading at $14.10, testing a key resistance area between $14.00 and $14.50. This level has rejected several breakout attempts in the past. The current setup has traders watching closely.Source: TradingView.comMeanwhile, Chainlink continues expanding across the Web3 ecosystem. The protocol announced 16 new integrations across 15 different blockchains in the past week alone. Big names like Elixir and KelpDAO are now using Chainlink services such as CCIP and Proof of Reserve. Despite this, some critics argue that increased adoption hasn’t yet reflected in LINK’s price. With technical pressure building and market sentiment split, we asked AI to give us a few predictions for LINK in May.Pessimistic Scenario: LINK Falls to $12.50–$13.00If LINK fails to break the trendline and Bitcoin drops below $90K, altcoins may struggle again. A rejection at the $14.50 level could send LINK price back to the $13.00 zone, or even down to $12.50, where price found support in April.Traders might take profits quickly if no follow-through comes after a breakout attempt. If negative sentiment around Chainlink’s roadmap or the broader market increases, LINK could see more downside.Realistic Scenario: LINK Price Trades Between $13.80 and $15.50If Bitcoin price holds above $90K and LINK avoids heavy selling pressure, the price could stabilize in a narrow range. With the 50-day SMA at $13.68 and price consolidating just above it, LINK may hover between $13.80 and $15.50 during May.This scenario assumes the market stays balanced, with buyers and sellers canceling each other out. Chainlink’s growing integrations may provide background support, but traders may wait for a confirmed breakout above the descending trendline.Source: ChatGPTOptimistic Scenario: LINK Breaks Out Toward $17–$19If Chainlink price closes decisively above $15.50 with strong volume and Bitcoin rallies toward $70K, the token could break out of its months-long downtrend. Momentum could drive LINK toward $17–$19, tapping levels last seen in January.Chainlink’s growing developer activity and institutional interest, such as Elixir’s $180M+ TVL integration, might help strengthen bullish sentiment. If more projects join Chainlink Build or adopt CCIP, the price could climb faster than expected.Final Thoughts on Chainlink Price in MayLINK is trading at $14.10. The chart shows signs of compression near a long-term resistance, and the market may be gearing up for a breakout or breakdown.May’s outcome depends heavily on Bitcoin’s stability, investor appetite for altcoins, and how much attention LINK’s recent ecosystem growth attracts. Whether the breakout happens or not, LINK’s current price zone is one to watch.Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. How are regular people making returns of as much as 70% in a year with no risk? By properly setting up a FREE Pionex grid bot – click the button to learn more. Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it. !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '213893885810361'); fbq('track', 'PageView');Source link
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