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Categories:

Hot right now:

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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Chainlink (LINK) Price Prediction for April 17: Experts Insights and Analysis

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The post Chainlink (LINK) Price Prediction for April 17: Experts Insights and Analysis appeared first on Coinpedia Fintech News

  • Chainlink network is heavily bolstered by growing fundamentals and a positive regulatory outlook in the United States.
  • LINK bulls must defend the support level above $9.4 to invalidate further capitulation in 2025.

Chainlink (LINK) price has been trapped in a multi-week falling channel since the second inauguration of the U.S. President Donald Trump. The large-cap altcoin, with a fully diluted valuation of about $12.66 billion and a 24 hour average trading volume of around $291 million, has dropped over 44 percent in the past three months to trade about $12.65 on Thursday, during the mid-North American trading session.

The Chainlink network has grown into a vibrant tokenization ecosystem backed by institutional investors. Already, Chainlink network has collaborated with Coinbase, Apex Group, and Paxos, among others to tokenize real-world assets (RWA).

Earlier on Thursday, Chainlink network announced a strategic partnership with Cap money, a decentralized stablecoin protocol for covered yield at scale, to power its cUSD on the Ethereum network via Chainlink Price feeds.

“Backed by fully collateralized and restaked assets, cUSD uses Chainlink to provide stronger assurances that stablecoin minting and delegation mechanisms operate securely under volatile market conditions,” the announcement noted.

The growing Chainlink ecosystem has been bolstered by clearer crypto regulatory outlook, especially in the United States. Meanwhile, latest SEC documents show that the Chainlink team met with the agency’s crypto task force twice last month.

Chainlink price has gradually signaled bullish sentiment bolstered by whale investors and improving network fundamentals. In the daily timeframe, the LINK price has been forming a potential falling wedge, which is likely to yield a major bullish uproar soon.

source

In case the brewing crypto bullish sentiment, amid the global trade wars, fails to materialize in the near future, LINK price is likely to retest the macro support/resistance level around $9.4. However, LINK price is less likely to breach the support level around $9 as most whale investors purchased during the consolidation.

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