The post Chainlink Price Prediction for March 24 appeared on BitcoinEthereumNews.com.

Over the past 24 hours, the price of Chainlink (LINK) has been facing a rising buying demand as it broke above the crucial $15 mark. The LINK price is currently aiming for retest of immediate resistance lines. The fear/greed index has dropped, now showing a fear sentiment at level 31. Meanwhile, Chainlink’s trading volume has surged by 58% in the last 24 hours, reaching $323 million. Looking at the longer trend, LINK’s price has been declining since mid-December, dropping from a high of $31 to about $15 on 3 February. In recent weeks, LINK price has been facing strong bearish pressure as bears strongly defend a surge above $15. In the last 24 hours, its market capitalization has surged by 6%, hitting $9.96 billion. LINK Faces $1 Million in Liquidations Chainlink (LINK) emerged as the top DeFi protocol based on development activity, recording 547.5 individual updates. As the leading blockchain oracle network, Chainlink leads the market in delivering secure, real-time data to decentralized applications. This achievement underscores Chainlink’s commitment to maintaining its dominance in DeFi by strengthening trust through strong development practices and laying a strong foundation for continuous growth. In the last 24 hours, Chainlink has seen significant trading activity. According to Coinglass, about $1.06 million in LINK trades occurred, with long liquidations accounting for $148K of this volume. On the other hand, sellers liquidated around $916K worth of positions. Amidst this bullish pressure, interest in Chainlink trading has surged. Open interest, which tracks the total number of outstanding trading contracts, has risen to $529 million, reflecting a 5.2% surge in the last 24 hours. Chainlink Price Prediction: Technical Analysis Chainlink (LINK) has surpassed the crucial $15 resistance level, propelled by increased buying momentum. Currently priced around $15.25, LINK has recorded a notable 6.7% gain over the past 24…

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Filed under: News - @ March 24, 2025 5:22 pm