Key points:-
- What is Chainlink and its purpose?
- Chainlink’s price fell 42 percent in February 2025.
- Three reasons can be game changers for Chainlink rebound.
Chainlink Price reached its high historical value in December 2024 to $ 30.78. Chainlink is one of the most popular cryptographic networks in the world. It serves as an apparent bridge between blockchain -based applications development environments and not based on blockchain.
This network facilitates the transfer of data from the chain to Fuentes in the chain through intelligent contracts. Developers claim that you can recover data from any application programming interface (API), connect with existing software systems and integrate with any other block chain.
On Saturday (February 22), Chainlink immersed himself at $ 17.4, 43 percent from his historical high value in December 2024. His accident shows the events between Altcoins, since most of them moved in recent months.
However, experts say that there are still three reasons why Chainlink’s price can recover later this year.
First, many Chainlink headlines those who have a large number of Chainlink are not selling their coins. An evidence is that balances in exchanges have continued to fall this year. Since September 2024, according to Coinglase data they show that these balances have fallen to 138.8 million link currencies.
The decrease in balance in exchanges is a sign that investors show hope for the future of the currency, and most of them hold their coins in their wallets. In most cases, the balance of CEX Salta when investors sell their wallets coins.
Secondly, Chainlink holders have more confidence because many of them expect the Stock Exchange and Securities Commission to approve an ETF Spot Link at the end of this year. The price of Chainlink can also recover due to its positioning in the cryptographic industry.
Chainlink Price Analysis
Third, Chainlink’s price can recover due to its strong technicians. Even after crashing by 43% from its highest point in November 2024, the weekly graph shows that Link has remained slightly above 100 per week. Link also formed a large megaphone graphic pattern, which is characterized by two divergent tendency lines. In most cases, this pattern leads to a strong increase in the price.
