LINK holders panic as Chainlink prices drop, good time to buy?

Bitcoin's difficult performance on the charts concerns crypto market investors. Many cryptocurrencies are facing declining trends, losing their stability amid uncertainty. Chainlink price continues to decline, with feelings of panic rising among LINK holders, but analysts still see this as a buying opportunity. Let's talk.

Should you buy Chainlink as LINK Holders FUD

Chainlink has been a part of the crypto industry for 6 years, but its prime days are far ahead. The Chainlink token hit ATH of $52.88 four years ago, but the same target is 61% away from the current level of $20.36, affecting the views of LINK holders. Although the altcoin showed several rallies in between, with the last one in December 2024, a recovery is long overdue since then. As a result, savings investors are moving from this fund, creating a 3.3k return in crypto wallets holding LINK tokens.

Such declines are associated with investor selling sentiments, which is a cause for concern. However, health reports say that it is only the surface and they show a different view of the situation. According to Santiment X's post, if the wallet number is increasing, it describes the comfortable behavior of the community for the project.

However, if the contents of the wallets drop, this indicates a bit more FUD. The price will decrease with the FUD, creating a buying opportunity. Experienced investors also see this Chainlink news as an opportunity for long-term gains despite the Chainlink price crash.

Chainlink Price Long Term Price Targets

The LINK token is constantly riding the waves of new collaborations, whale purchases, and increased adoption, ultimately contributing to the bullish trajectory of this altcoin. Further analysis points to a price recovery, where an earlier Coingape report suggests that the price of LINK could hit $30 with rumors of a Chainlink-Blackrock partnership.

More analysts have predicted the price of Chainlink saying that the altcoin will create higher peaks in the future. Whale LINK booked $20M profits earlier in similar scenes. With more adoption and collaboration, a long-term target of $43, $50, and even $100 is possible. This price target is supported by the famous WSB trader, WSB trader Rocko, who notes that Chinlink cooperation with Swift, Franklin Templeton, and others will favor the rallying prices while strengthening the sentiments of LINK holders.

Base line

At the same time, other cryptocurrencies, such as Bitcoin, Ethereum, and Dogecoin, have seen an increase in the number of wallets, LINK holders support the Chainlink price crash on the weekly chart. Although the Chainlink news seems to worry investors and indicate more selling pressure, the post sentiment remains optimistic, saying that this is the opportunity to buy. In addition, the bullish projection remains high in terms of the long-term outlook, especially with the recovery of Bitcoin prices with the expansion of global M2 money supply. Due to increased adoption, analysts see the price of LINK rising to $43, $50, and $100 in the long term.

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Pooja Khardiya

With a deep passion for reading and five years of experience in content writing, Pooja now focuses on creating mobile content about the cryptocurrency market.

As a dedicated crypto journalist, Pooja is always on the lookout for trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Keeping up with the latest trends and advances in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage.

Disclaimer: The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication is responsible for your personal financial loss.