Is Chainlink doing well?
No, since January 17, 2022, Chainlink has been continually going down, decreasing -30.85 percent. The 200-day line is +-42.82 percent away from where the price is now. It's -53.54 percent away from the 100-day line and -55.14 percent from the 50-day line.
The Chainlink Forecast for 2023
Let's look at the one-year forecast since it is the most accurate of the analysts' predictions.
Analysts offered a wide range of forecasts for the Chainlink price over the next year. The most optimistic forecast for the price target was $19.79, implying an 87 percent increase in 12 months, but the worst-case scenario anticipated a fall to as low as $15.18.
The most up-to-date average price target for the year ahead is $17.21.
That would represent a potential gain of 4.6 percent.
LINK - Relative Strength Forecast
LINK - Trend Prediction
LINK - Price Volatility Prediction
LINK - Relative Strength
LINK - Momentum Forecast
What Does the Future Hold for Chainlink In 2025-2030?
Chainlink's long-term prospects look promising. The average price target for Chainlink by the end of 2020 was $18.83, according to eight analysts. Their five-year forecast projects the price of Chainlink to be $20.60 by 2025. By 2030, the long-term prediction is $23.57.