Is It Too Late To Buy Chainlink? Crypto Experts Give Their LINK Price Predictions

cryptonews.com:

The chainlink price has dipped by 0.5% in the past 24 hours, falling to $8 as the cryptocurrency market as a whole declines by 1.5% within the same timeframe. Its current price means that it has risen by 12.5% in the past week and by 20% in the last 30 days, with the altcoin up by 43% since the start of the year.

Some analysts are now predicting that LINK will carry through to $10 in the coming weeks, helped by a combination of price momentum and growing usage of Chainlink. And with some supporters expecting Chainlink's partnership with SWIFT to connect the decentralized oracle network with over ten thousand banks, LINK could end up rallying massively in the more distant future.

LINK's chart is in a very promising place right now, with its indicators suggesting that it may be about to rally. For one, its 30-day moving average (red) has recently climbed over its 200-day average (blue), forming a 'golden cross' that can indicate a breakout rally.

At the same time, the coin's relative strength index has risen from just under 50 in the middle of the month to over 60. Again, this suggests growing buying pressure that could continue gaining momentum for time yet before being played out.

If LINK can break through the resistance level of $8, then it may continue rising for a little while longer, while consolidating around new longer term levels. Indeed, some experts have been suggesting that it will rise to $10 in the not-too distant future, with Michaël van de Poppe -- the founder of Netherlands-based trading platform Eight -- being the most prominent analyst to suggest this.

Naturally, LINK supporters and community members believe that the altcoin's price is about to 'explode,' although what this could mean in price terms is